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CPF

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Temperament Offline
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#111
17-06-2014, 04:25 PM (This post was last modified: 17-06-2014, 04:27 PM by Temperament.)
(17-06-2014, 03:57 PM)piggo Wrote:
(17-06-2014, 02:11 PM)egghead Wrote: Not yet lah. I'm still waiting for piggo to share what he got from CPF. Wink

Haha... patience!


So it's a good idea to contribute to CPF (medisave for highest interests + tax rebate) to the cap every year as part of your "fixed income", then convert to a citizenship of your choice.

That way, govt. is relieved of all liabilities... u get all your money back and odds are your host country have much better social benefits. Win-win.

EDIT: @egghead: Oh I've actually checked with CPF some time back and it is a viable plan
Quote:Anyway for those who're really unhappy or value the freedom to adopt mistresses with CPF monies, switching your passport to other countries (except Malaysia) will allow you to withdraw your CPF in full.
Ha! Ha!
1st time i come across the above. Are you saying if a Singaporean switch to become a Malaysian citizen, he is not allow to withdraw all his CPF ACCOUNTS?

Does that means there is no difference between Singaporeans and Malaysians as far as CPF rules are concerned?

Is it true a lot of Malaysians's CPF are stucked in CPF Board even though they have gone home for good?
And the Malaysian G is not very happy about it?
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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piggo Offline
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#112
17-06-2014, 04:43 PM
If switch to Malaysia, you'll need to wait till 55 years of age (not sure if they changed it) before u can draw out everything... That'll be too old to adopt a (or a few) mistress(es) already.

Other countries u can withdraw immediately, which is why we need to look beyond JB.
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Zelphon Offline
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#113
17-06-2014, 05:04 PM
(17-06-2014, 04:43 PM)piggo Wrote: If switch to Malaysia, you'll need to wait till 55 years of age (not sure if they changed it) before u can draw out everything... That'll be too old to adopt a (or a few) mistress(es) already.

Other countries u can withdraw immediately, which is why we need to look beyond JB.

Yes.. That is true for WEST MALAYSIA...

Go East Malaysia no problem...

I had a chat with my Ex-Malaysian New Citizen about this just a few weeks back...
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Zelphon Offline
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#114
17-06-2014, 05:11 PM
Interesting discussion of CPF vs EPF here..

http://sgtalk.org/mybb/Thread-EPF-vs-CPF
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sgd Offline
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#115
17-06-2014, 06:06 PM
I read some time ago not easy get malaysia citizenship there are people reside in malaysia for very long time still haven't get citizen.

https://forum.lowyat.net/topic/2299448/all

I remember Blue color for citizens, Red for PR


If you are young with skills in demand and still have many years of working life I think any country will take and give you citizenship. But if you are old like 55yo unlikely unless you have a lot of money to buy your way in.
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touzi Offline
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#116
18-06-2014, 12:43 AM
This is not about CPF, but since Medishield/Medisave is a key part of our healthcare system I thought I should post it here. Except for the part that describes Singapore as homogeneous, I think it is largely accurate. It even mention gahmen's earlier mistake of encouraging competition in healthcare.

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piggo Offline
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#117
18-06-2014, 05:35 PM
(17-06-2014, 02:11 PM)egghead Wrote: Not yet lah. I'm still waiting for piggo to share what he got from CPF. Wink

Got their reply

CPF Wrote:Thank you for your email of 16 Jun 2014.

As we require more time to address your enquiry, we will get back to you as soon as possible.

I would be pleased to help you if you need clarification or further assistance on CPF matters. Alternatively, you can call us on 1800 2271188 from Mondays to Fridays, 8am to 5.30pm.

Guess they don't get such questions often... Actually I thought CPFLife is a form of savings and investment plan with a regular payout similar to NTUC's SAIL with a much longer payout period.

So essentially the difference is just pledging vs mortgaging...
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Zelphon Offline
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#118
18-06-2014, 10:18 PM
Now PAP supporter telling us that CPF is not entirely our money...

https://www.facebook.com/photo.php?fbid=...739&type=1

Rolleyes
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CY09 Offline
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#119
18-06-2014, 10:22 PM (This post was last modified: 18-06-2014, 10:22 PM by CY09.)
(18-06-2014, 10:18 PM)Zelphon Wrote: Now PAP supporter telling us that CPF is not entirely our money...

https://www.facebook.com/photo.php?fbid=...739&type=1

Rolleyes

Sorry Zelphon,

I dont get what the guy is saying. The contributions made by your employer to your CPF account is still your money (part of your wages). The interest you get from the govt is your money as well because CPF board is using your money to "buy IOU" from the govt
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Zelphon Offline
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#120
18-06-2014, 10:24 PM
(18-06-2014, 10:22 PM)CY09 Wrote:
(18-06-2014, 10:18 PM)Zelphon Wrote: Now PAP supporter telling us that CPF is not entirely our money...

https://www.facebook.com/photo.php?fbid=...739&type=1

Rolleyes

Sorry Zelphon,

I dont get what the guy is saying. The contributions made by your employer to your CPF account is still your money (part of your wages). The interest you get from the govt is your money as well because CPF board is using your money to "buy IOU" from the govt

Yeah... Just saw it and I facepalm myself.....
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