CPF up 1%.....good meh???
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Most of us paying housing through CPF.
So this one percent means that accumulated interest will also increase one percent. In other words you need to pay CPF MORE interest and the effect would be more money stuck in CPF. We already paying double interest on our flats already.... so how?????? -
OA cap is 20K, overall 60K, hence 2/3 of the 1% benefits will come from Special and Medisave account which you cant use for housing loan.
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in other words, its still pretty gd la.
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it is relatively good because this is guaranteed returns. However I hope they will increase the interest rate further if the economy continue to do wellOriginally posted by venny:in other words, its still pretty gd la. -
I'm glad the govt is giving this incentives =)
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They are the captain of the ship and every citizen is part of the success story of singapore irregardless if you are rich or poor, hence it is only right for them to give the incentive we deserves.Originally posted by selfobliged:I'm glad the govt is giving this incentives =) -
liddat we shld get more sia..... got so much growth this yr, shld get more....
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Are you a Malay ? Is that why you like to use the word '' sia'' at the end of your sentence.Originally posted by venny:liddat we shld get more sia..... got so much growth this yr, shld get more....
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Majority of the Singaporean are asset rich but cash flow poor.
Anyway, do u know that.. average middle-class income Singaporean might not have have enough CPF saving to last remaining life after retirement, let say if the retirement age is around 54 or 60.. We might have to work more than 30-40 years. -
Why some people like to say '' We are Assets Rich and Cash Poor''?
I would consider ourselves '' the desperate working souls for the govt'' -
sia lah.....melayu tak boleh ker?Originally posted by Lowclassman:Are you a Malay ? Is that why you like to use the word '' sia'' at the end of your sentence. -
Income and CPF saving tied up to HDB housing, cars etc = Assets richOriginally posted by Lowclassman:Why some people like to say '' We are Assets Rich and Cash Poor''?
I would consider ourselves '' the desperate working souls for the govt''
CPF is the republicÂ’s mandatory retirement fund in which a member can withdraw a portion at 55, but has to leave behind a minimum sum. From this, he or she receives a monthly payout from age 62.
Stat: According to strait times, Feb 2003, the average Singaporean worker would have a staggering 75% of his assets locked in housing upon retirement, compared with only 20% in the U.S. -
most cars running on the road are liability.Originally posted by Isis:Income and CPF saving tied up to HDB housing, cars etc = Assets rich
CPF is the republicÂ’s mandatory retirement fund in which a member can withdraw a portion at 55, but has to leave behind a minimum sum. From this, he or she receives a monthly payout from age 62. -
issit 1 extra percent from our salary?
(it's our money afterall what)
employer will give 1% more or not?
(if got, then this then is extra money) -
i think is govt add one more percent interest to wad is inside ur CPF (more money from govt)Originally posted by TehJarVu:issit 1 extra percent from our salary?
(it's our money afterall what)
employer will give 1% more or not?
(if got, then this then is extra money) -
oh the 1% is interest ahOriginally posted by hiphop2009:i think is govt add one more percent interest to wad is inside ur CPF (more money from govt)
good good -
In CPF scheme, both employer and employee contributes..
Don't know if this 1% is from employee or employer .. ? -
Now that it's all clear.
It's good!!
It helps both the poor and the rich, because both gets the 1% interest.
Another LPPL strategy.
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Anyway, our CPF got increase 1 % meh ?
Where the new source ? -
the money in your CPF, up to cap of 60K, will gain 1% of interest per year.Originally posted by TehJarVu:issit 1 extra percent from our salary?
(it's our money afterall what)
employer will give 1% more or not?
(if got, then this then is extra money)
employee employer CPF contribution remain unchange. -
oh ok thksOriginally posted by Gazelle:the money in your CPF, up to cap of 60K, will gain 1% of interest per year.
employee employer CPF contribution remain unchange.
right now employee employer CPF contributions are how many percent ah? -
maybe gahmen funds???Originally posted by Isis:Anyway, our CPF got increase 1 % meh ?
Where the new source ? -
Afraid they give u 1%, then increase taxes to take back