[uncle168]

that why i didn't transfer my oa to sa.

if u transfer $100k and earn $10k interest.

even if u have reach frs at 55 yrs old and left $120k in sa.

u can only withdraw $10k.

the only way u can withdraw the remaining $110k is when u die, your children can take.

keekeekee

[uncle168]

https://www.cpf.gov.sg/member/faq/retire...t-computed

* Excluding interest earned, any government grants received and top-ups made under the Retirement Sum Topping-up Scheme.

[uncle168]

https://www.cpf.gov.sg/member/faq/growin...loved-ones-

transfer from oa to sa is part of Retirement Sum Topping-Up Scheme

keekeekee

[Goldmine]

that why i didn't transfer my oa to sa.

if u transfer $100k and earn $10k interest.

even if u have reach frs at 55 yrs old and left $120k in sa.

u can only withdraw $10k.

the only way u can withdraw the remaining $110k is when u die, your children can take.

keekeekee

Can lah!

[uncle168]

u withdrawn b4?

[Goldmine]

u withdrawn be?

Nothing left in my special account for scammer to scam.

[uncle168]

i posted the cpf links, it say cannot lah.

or everybody would have transfer oa to sa loh

cpf keep quiet or nobody will transfer

keekeekee

[uncle168]

the cpf top up scam is to help u reach frs not for u to cash out ok.

keekeekee

[Goldmine]

i posted the cpf links, it say cannot lah.

or everybody would have transfer oa to sa loh

cpf keep quiet or nobody will transfer

keekeekee

When you reached 55, u can withdraw all balances in yr O/A and S/A provided your FRS is met.

[uncle168]

u can withdraw everything?

are u sure?

the cpf website even gave an example cannot leh

keekeekee

[winbig]

that why i didn't transfer my oa to sa.

if u transfer $100k and earn $10k interest.

even if u have reach frs at 55 yrs old and left $120k in sa.

u can only withdraw $10k.

the only way u can withdraw the remaining $110k is when u die, your children can take.

keekeekee

Move money from OA to SA is to earn more interest rate. If u compound your CPF at a higher interest, in future, u can have higher monthly payout.

[Goldmine]

u can withdraw everything?

are u sure?

the cpf website even gave an example cannot leh

keekeekee

Bluff you for what. When u reach 55 u will know. Look forward to reaching 55 fast. How many more years to go?

[uncle168]

but it only works if u intend to hit frs.

beyond that its stuck inside until u up lorry.

a lot of people happily thinks they can cash out the excess at 55.

keekeekee

[uncle168]

it only works in monthly payout for those pioneer generation like my father.

after that is cpf life cannot take out in lump sum.

keekeekee

[Goldmine]

it only works in monthly payout for those pioneer generation like my father.

after that is cpf life cannot take out in lump sum.

keekeekee

CPF Life is paid out monthly from age 65 from the FRS set aside.

[[[ForeverAlone]]]

that why i didn't transfer my oa to sa.

if u transfer $100k and earn $10k interest.

even if u have reach frs at 55 yrs old and left $120k in sa.

u can only withdraw $10k.

the only way u can withdraw the remaining $110k is when u die, your children can take.

keekeekee

This is why I keep telling others, Come on THINK SIMPLE. EVERYONE MAX THEIR SA , AND EVERYONE IS SO CALL " MILLIONAIRE " GOT ONE MILLION IN THEIR SA account.

and " everyone withdraw " Govt can close shop and SG economics actually be in a HUGE mess.

imaging those batch everyone withdraw so call " million in their SA ".

[uncle168]

that's why cpf put under footnote.

sa is not a fd account ok.

keekeekee

[winbig]

it only works in monthly payout for those pioneer generation like my father.

after that is cpf life cannot take out in lump sum.

keekeekee

Whatever is in excess of FRS, u can take out in lump-sum if not wrong.

[sgbuffett]

The CPF is just a saving scheme.
When you reach 65 you start get monthly payout from your RA until death.

You can make use of the scheme but cannot depend on it for retirement as it is not inflation adjusted.

[Alice Alicia]

Just a legalized ponzi scheme.

[lylcnn]

that's why cpf put under footnote.

sa is not a fd account ok.

keekeekee

Which example showed you that withdrawal not allowed? All us understand is can

[RiseofAsia]

The CPF is just a saving scheme.
When you reach 65 you start get monthly  payout from  your RA until death.

You can make use of the scheme but cannot depend on it for retirement as it is not inflation adjusted.

You change their objective?
CPF is a life annuity with lousy return and full of restrictions lah.

See US Bond, much higher yield the CPF yield.

[Wy:Nox]

Just a legalized ponzi scheme.

Another CPF Scam. Wonder how many of us were cheated 20 years ago. It is frustrating that my own money yet I cannot transfer between two accounts! This is worst than Daylight Robbery. The only choice is to vote them out.

[T3T]

https://www.cpf.gov.sg/member/faq/retire...t-computed

* Excluding interest earned, any government grants received and top-ups made under the Retirement Sum Topping-up Scheme.

Your link never said say cannot withdraw excess of frs from sa, can you provide example or screenshot of your claim?

Keekeekee, or do you want to change your name to uncle162horland 😄

[p1acebo]

When you reached 55, u can withdraw all balances in yr O/A and S/A provided your FRS is met.

This is correct. Scary sial this TS post a lot of misinformation

[uncle168]

its quite vague leh.

i don't dare to transfer wait kenna stuck.

keekeekee

[Wy:Nox]

When you reached 55, u can withdraw all balances in yr O/A and S/A provided your FRS is met.

How many of us can reach $198,800 FRS at 55 years old?

[lylcnn]

Please call or email CPF, get their answer, then report back here 

[T3T]

its quite vague leh.

i don't dare to transfer wait kenna stuck.

keekeekee

But your title not vague, assert that cannot withdraw.. why? Should not you change the title?

[uncle168]

but you also don't have any links from cpf to show can withdraw all if hit frs.

keekeekee