cpf contribution

[xueyan]

Hi
May i know has anyone done CPF shielding before, as in putting CPF SA account to an investment fund. Thereafter 55 year old birthday, sell the investment and it will return to SA account.

Is it really able to do so?

[MrsKiasu]

Oh my..after I did the plan early of the year..still kiv on action.

But I m not doing shielding..more on top up to earn the interest only.

[slmkhoo]

Hi
May i know has anyone done CPF shielding before, as in putting CPF SA account to an investment fund. Thereafter 55 year old birthday, sell the investment and it will return to SA account.

Is it really able to do so?

Yes, apparently it can be done. We didn't do it when I was 54 as we didn't know about it! Not sure if the CPF will change the rules, though.

[tankee]

Hi
May i know has anyone done CPF shielding before, as in putting CPF SA account to an investment fund. Thereafter 55 year old birthday, sell the investment and it will return to SA account.

Is it really able to do so?

yes. just did one in Feb \ Mar this year with DBS

[chenlaoshi]

CPF payouts increased by 25% from 2019 to 2021, set to keep growing for future cohorts



An excerpt from the article:

Figures show that a CPF member who turned 65 in 2019 got monthly payouts of $460, compared with the $580 that a member who turned 65 in 2021 now gets.

This 25 per cent increase is above the inflation rate, a CPF Board spokesman noted. Those who are concerned about rising prices can also opt for the CPF Life Escalating Plan which provides monthly payouts that increases by about 2 per cent per year.

CPF members can generally gain 30 per cent more in their monthly payouts if they defer their payouts to 70 years old, the study showed.

A person who turned 65 in 2019 is projected to get $610 if he defers his payouts to age 70, the latest age at which payouts can start. Meanwhile, a person who turned 65 in 2021 can get $760 if he starts the payouts at 70 years old.

Indeed, the proportion of members choosing to defer their payouts has increased, CPF Board said in its report.

This proportion stood at 43 per cent in 2019 but grew to 54 per cent in 2021.

[Estéema]

If no emergency need, can leave in yr CPF Acct to earn higher interests for future use. Bank interests is still lagging far behind what CPF is giving.

[starlight1968sg]

If no emergency need, can leave in yr CPF Acct to earn higher interests for future use. Bank interests is still lagging far behind what CPF is giving.

if future not used, can leave it for future generation

[Estéema]

if future not used, can leave it for future generation

You’re so caring to your girl. You think so far ahead. I only think to leave it there is I don’t need now. Don’t know abt tmr. If stagflation goes on, no idea if can afford to ‘live’. Eeeerrrr!

[MrsKiasu]

Today we saw that coffee shop food increased by around $1..

[MrsKiasu]

Think we can sell some balance lease of our hdb to G right..