Category Archives for CPF
Lost $350k in OA Trading Stocks
Initially, I wanted to complete my writeup on CPF Life today but due to time constraints, I have to postpone it to another day. Instead, I want to highlight an interesting case which was reported in the newspapers a couple of days ago. There was one guy Mr Goh who mentioned that he lost $350k […]
CPF Withdrawal and the Minimum Sum Scheme
CPF Life is probably one of the most confusing and opaque product that has come out from CPF board in recent years. To come up to speed with understanding CPF Life, let’s first look at how the current CPF withdrawal and Minimum Sum Scheme works. I have to put a big disclaimer here that the […]
CPF Nomination Changes in 2011
Using a CPF nomination, you can decide whom you wish to appoint as your nominees, and the proportion of CPF savings you would like your nominees to receive when you are no longer around. In the absence of a CPF nomination, the intestacy law will apply. The process for estate distribution under the intestacy law […]
CPF Life Second Auto-Inclusion Point
CPF Board recently came up with a new second inclusion point of $60k at the draw-down age (DDA) for the CPF Life scheme. The DDA is the age at which members are allowed to withdraw their CPF savings in the form of monthly payouts. The DDA for members who turned 55 from 1999 to 2004 […]
CPFIS-SA Investment Threshold Changes In 2010
Starting from 1st July 2010, the first $40,000 of members’ Special Account balances will no longer be allowed to be used for investments. There is no change to the requirement for members to set aside $20,000 in the Ordinary Account before they can invest their Ordinary Account monies. If you have already bought investments under […]