Ysc3 Twincharged September 1, 2018 Share September 1, 2018 just now i was in Toa Payoh central when i was waylaid by an AIA agent having their road show. to cut to the chase, he told me that from middle of Sep 18, we cannot use the CPF SA to invest anymore ... is this true ? ↡ Advertisement Link to post Share on other sites More sharing options...
Jman888 Moderator September 1, 2018 Share September 1, 2018 can lah but you have to take a self assessment questionnaire to see if you know what you are doing https://www.cpf.gov.sg/eSvc/Web/Schemes/CPFISSelfAwarenessQuestionnaire/Declaration 1 Link to post Share on other sites More sharing options...
Ysc3 Twincharged September 1, 2018 Author Share September 1, 2018 can lah but you have to take a self assessment questionnaire to see if you know what you are doing https://www.cpf.gov.sg/eSvc/Web/Schemes/CPFISSelfAwarenessQuestionnaire/Declaration For SA or OA or both? Link to post Share on other sites More sharing options...
Jman888 Moderator September 1, 2018 Share September 1, 2018 SA Link to post Share on other sites More sharing options...
Alfc 5th Gear September 1, 2018 Share September 1, 2018 SA pays 4%, risk-free and capital guarantee. Personally, I rather leave it as it is. 9 Link to post Share on other sites More sharing options...
Kangadrool Supersonic September 1, 2018 Share September 1, 2018 Good reminder. SA pays 4%, risk-free and capital guarantee. Personally, I rather leave it as it is. 1 Link to post Share on other sites More sharing options...
Ysc3 Twincharged September 2, 2018 Author Share September 2, 2018 (edited) Finally my insurance agent got back to me... Seems like you can still invest your cpf....but you have to diy already as agents are nolonger allowed to do so.... As they are not going to be paid to do so anymore. Edited September 2, 2018 by Ysc3 Link to post Share on other sites More sharing options...
Lala81 Hypersonic September 2, 2018 Share September 2, 2018 I don't touch my CPF. OA is for housing. SA is just too good to touch. U could use some of it to buy stocks/ETFs etc but i got burnt when i was young. And buying the STI ETF maybe not give u good enough returns vs risk free OA returns. SA pays 4%, risk-free and capital guarantee. Personally, I rather leave it as it is. yeah. 1 Link to post Share on other sites More sharing options...
Wind30 Turbocharged September 2, 2018 Share September 2, 2018 Finally my insurance agent got back to me... Seems like you can still invest your cpf....but you have to diy already as agents are nolonger allowed to do so.... As they are not going to be paid to do so anymore. Our government so nice, help stop gullible people from Being con by insurance agent 1 Link to post Share on other sites More sharing options...
Kangadrool Supersonic September 2, 2018 Share September 2, 2018 Should have "banned" it long time ago. LOL. Link to post Share on other sites More sharing options...
Ysc3 Twincharged September 2, 2018 Author Share September 2, 2018 (edited) I don't touch my CPF. OA is for housing. SA is just too good to touch. U could use some of it to buy stocks/ETFs etc but i got burnt when i was young. And buying the STI ETF maybe not give u good enough returns vs risk free OA returns. yeah. wah ... my friend just told me ... he bought the 5rm BTO ... listed is 430k ... but plus this fee that fee, also end up 470k !! but after deducting his CPF ... still got cash after selling his old flat. Edited September 2, 2018 by Ysc3 Link to post Share on other sites More sharing options...
Lala81 Hypersonic September 2, 2018 Share September 2, 2018 wah ... my friend just told me ... he bought the 5rm BTO ... listed is 430k ... but plus this fee that fee, also end up 470k !! but after deducting his CPF ... still got cash after selling his old flat. stamp duty and lawyer fee. U bought a flat before right. should know all these stuff. https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/new/finance/costs-and-fees Link to post Share on other sites More sharing options...
Ysc3 Twincharged September 2, 2018 Author Share September 2, 2018 (edited) stamp duty and lawyer fee. U bought a flat before right. should know all these stuff. https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/new/finance/costs-and-fees i only paid about $4k cash when i bought my resale unit .... now i hear 40k ... i am like this is going to be a new experience for me ... Edited September 2, 2018 by Ysc3 Link to post Share on other sites More sharing options...
Lala81 Hypersonic September 2, 2018 Share September 2, 2018 i only paid about $4k cash when i bought my resale unit .... now i hear 40k ... i am like this is going to be a new experience for me ... I think your friend exaggerated. He probably added in other stuff eg flooring or other options. 40k is 9+% of 430k. Your legal fees plus stamp duty is no where close. Link to post Share on other sites More sharing options...
Credor Twincharged September 2, 2018 Share September 2, 2018 I think your friend exaggerated. He probably added in other stuff eg flooring or other options. 40k is 9+% of 430k. Your legal fees plus stamp duty is no where close. Agreed... 40k for legal fees and stamp duty on a 430k HDB sound 2 Link to post Share on other sites More sharing options...
Ysc3 Twincharged September 2, 2018 Author Share September 2, 2018 I think your friend exaggerated. He probably added in other stuff eg flooring or other options. 40k is 9+% of 430k. Your legal fees plus stamp duty is no where close. maybe ... i also never ask him for breakdown .... he just told me this was total he will pay to HDB. anyway, i am going to jot down my journey to my new flat (hopefully i get it for the Nov sales) and then put it up ... but this is going to be a long story ... hahhaaha Link to post Share on other sites More sharing options...
Will_I_Am 2nd Gear September 3, 2018 Share September 3, 2018 Don't be too happy to use CPF for housing. You need to pay yourself interest for using your own money. 1 Link to post Share on other sites More sharing options...
Wt_know Supersonic September 3, 2018 Share September 3, 2018 (edited) ok what ... ownself pay ownself ... the scary part is walk into negative teritory sales proceed is less than cpf widthdrawal + accrued interest then become ownself owe ownself ... Don't be too happy to use CPF for housing. You need to pay yourself interest for using your own money. Edited September 3, 2018 by Wt_know ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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