Mummy Starlight's Astronomy Observatory

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starlight1968sg
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Re: Mummy Starlight's Astronomy Observatory

Post by starlight1968sg » Mon Apr 15, 2019 10:49 pm

I sent an email to cpf on my queries (bold):

After setting aside the FRS, may I ask if I can withdraw all the money in my Ordinary Account (OA) and SA?
Any excess savings above the FRS will remain in the OA and/or SA and can be withdrawn in full or partially at any time after turning 55.

The current FRS is $176,000, retirement sums beyond 2020 as they are subject to future review and adjustments. More information on the retirement sums will be provided as soon as they are available.

Can I arrange to withdraw say $1000 per month from age 55 to say age 65?
You have to submit an application each time you wish to withdraw. A Reaching 55 package will be sent to you six months before your 55th birthday advising you on your withdrawal options and the changes to your CPF account when you reach 55. There is currently no provision for automatic monthly withdrawals from the OA/SA.

As there are multiple ways to make withdrawals, you can consider making monthly withdrawals of $1,000 (or any other amount up to $200,000) via your NRIC-linked PayNow account once you reach 55. PayNow is the fastest and most convenient way to receive your withdrawals as it is processed almost instantly.

MyPillow
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Re: Mummy Starlight's Astronomy Observatory

Post by MyPillow » Mon Apr 15, 2019 10:59 pm

StarL , the monthly withdrawal via pay now sound convenient
But dunno need to submit monthly form if via pay Now?

starlight1968sg
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Re: Mummy Starlight's Astronomy Observatory

Post by starlight1968sg » Mon Apr 15, 2019 11:18 pm

MP
I hv no PayNow :(
Things may change down the line

FantasyLandDreams
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Re: Mummy Starlight's Astronomy Observatory

Post by FantasyLandDreams » Tue Apr 16, 2019 1:21 am

SL,
Thank you for sharing the replies from cpf.
Pay Now, Pay Lah, Pay Anyone,
Pay Anything (if there is one) all I don’t have. :laugh:
Still not willing to install these yet, still prefer the good old internet banking and giro methods for now. How come cpf don’t allow giro method, afterall giro can be stopped at any point in time just like housing loan payment I thought....

starlight1968sg
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Re: Mummy Starlight's Astronomy Observatory

Post by starlight1968sg » Tue Apr 16, 2019 7:14 am

FLD
I don't hv too as those are just tools to ease money going out of our pockets.
Am confident rules or things will change as I still hv a few more years to go before age 55.


slmkhoo
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Re: Mummy Starlight's Astronomy Observatory

Post by slmkhoo » Tue Apr 16, 2019 8:15 am

starlight1968sg wrote:
Mon Apr 15, 2019 11:18 pm
MP
I hv no PayNow :(
Things may change down the line
Even though I am generally a slow adopter of tech stuff, I have PayNow! It's very easy to set up and it uses your phone no., so it's easy for others to use too. No need to give them your bank account details. Give it a try.

I got it because my group of young adults use it a lot for splitting bills, contributing to our group funds etc, and they shook their heads in amusement when I offered cash (and no-one had change). My colleagues use it as well for splitting bills if we share lunch. Now I give my daughter her pocket money by PayNow too. I will probably offer it as a way for my clients to pay me as well (never thought of it till now). Currently I ask them to use bank transfer, but I think the non-corporate ones may prefer to use PayNow.

starlight1968sg
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Re: Mummy Starlight's Astronomy Observatory

Post by starlight1968sg » Tue Apr 16, 2019 8:31 am

I want PayMe :(

MrsKiasu
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Re: Mummy Starlight's Astronomy Observatory

Post by MrsKiasu » Tue Apr 16, 2019 8:36 am

:rotflmao:

I think I used the Pay Now before..using hp no right? easy set up via IB and looks easy to use.

slmkhoo
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Re: Mummy Starlight's Astronomy Observatory

Post by slmkhoo » Tue Apr 16, 2019 9:12 am

starlight1968sg wrote:
Tue Apr 16, 2019 8:31 am
I want PayMe :(
Works in both directions - but you have to find someone who's willing to pay you! So far, it's usually been me paying others.

starlight1968sg
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Re: Mummy Starlight's Astronomy Observatory

Post by starlight1968sg » Sat Apr 20, 2019 2:34 pm

20 Apr 2019 Gardens By the Bay

Image

Image

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