10 THINGS ABOUT CPF THAT YOU MAY NOT KNOW OF (Edition 2024) | Retirement Planning Singapore

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Today you'd hear about 10 things about CPF that you may not know of. It covers topics on "free" CPF given to you, CPF investments and new CPF changes.
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0:00 Introduction
0:23 Item 1
1:17 Item 2
2:50 Item 3
4:57 Item 4
6:41 Item 5
7:46 Item 6
9:38 Item 7
10:30 Item 8
11:47 Item 9
13:40 item 10 CPF life not guaranteed
#cpf #cpfinvesting #cpfchanges #cpflife
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Пікірлер: 26

  • @joshconsultancy
    @joshconsultancy4 ай бұрын

    ENGAGE Josh Tan on a fee for full retirement planning NOW - Hear the IMPROVEMENTS you can make IMMEDIATELY! ►‌ www.theastuteparent.com/josh-tan My article article on CPF nomination: www.theastuteparent.com/2021/06/cpf-nomination-online/ DBS article on investing in T-bills with CPF www.dbs.com.sg/personal/articles/nav/investing/investing-in-t-bills Link up with Josh Tan on LINKEDIN - www.linkedin.com/in/josh-tan-jl/

  • @jasonlim4512
    @jasonlim45124 ай бұрын

    wah 30% cannot reach BRS. dats like alot. hope govt policies can help them abit. the rest of us help ourselves. dun be too stingy scrimp all in cpf, also dun be spendthrift yolo-ing.

  • @johnchua74
    @johnchua744 ай бұрын

    What is included in regrossed balance? OA + SA + MA + RA?

  • @joshconsultancy

    @joshconsultancy

    4 ай бұрын

    Yes all accounts. Includes interest earned. Does not factor withdrawn amounts like in OA for home

  • @HG-kn3hb
    @HG-kn3hb4 ай бұрын

    What happens to the interest earned in MA after 65 when BHS is met?

  • @joshconsultancy

    @joshconsultancy

    4 ай бұрын

    It will also flow if MA is at BHS. On 31dec

  • @HG-kn3hb

    @HG-kn3hb

    4 ай бұрын

    @@joshconsultancy thanks!

  • @waynelai2036
    @waynelai20364 ай бұрын

    At 8:00. How could someone accumulate more than 300K in special account? isnt there a cap?

  • @joshconsultancy

    @joshconsultancy

    4 ай бұрын

    This is exactly explained. Cap only applies to MA. SA limit is for topping up. Employment income continues in limitless

  • @waynelai2036

    @waynelai2036

    4 ай бұрын

    thanks for sharing! great video there!! @@joshconsultancy

  • @Xamael666
    @Xamael6664 ай бұрын

    Item 11 - "CPF has an Enhanced Nomination Scheme that allows you to transfer your CPF monies to your nominees’ CPF account upon your demise. This is as compared to the default cash option, i.e. your nominees receive your CPF monies in cash." So u can secure their retirement / healthcare needs upon yr demise instead of them getting your CPF monies in cash & spending it all lol

  • @joshconsultancy

    @joshconsultancy

    4 ай бұрын

    Oh man, just pass to them as cash lol

  • @Phonedumb

    @Phonedumb

    4 ай бұрын

    That's s good feature

  • @needtoknow333333
    @needtoknow3333334 ай бұрын

    1st?

  • @joshconsultancy

    @joshconsultancy

    4 ай бұрын

    Big thank you :)

  • @KoshilanKoshTV
    @KoshilanKoshTVАй бұрын

    How to use SA account to invest ? Posible to do via POEM Account ?

  • @joshconsultancy

    @joshconsultancy

    Ай бұрын

    Hi, SA can only buy balanced funds. Cannot for stocks 👌🏻

  • @KoshilanKoshTV

    @KoshilanKoshTV

    Ай бұрын

    @@joshconsultancy what is Balance funds and how to invest In them? Maybe one new video will be helpful for your viewer :) Thank You

  • @nancylim5221
    @nancylim52214 ай бұрын

    Hi Josh May I ask you a question,? CPF life payout are not guaranteed unlike Annuity plan with Private insurers? Does it mean if I buy annuity plan with private insurer, the payout is guaranteed. IF yes, do you know of any Pte Insurer who sells Annuity plan? Thanks

  • @joshconsultancy

    @joshconsultancy

    4 ай бұрын

    Yes you’d see a guarantee + non guarantee component in an annuity. Main difference is you can loan out or surrender policy for lump sum back. To enquire for fee based retirement planning do email to Josh.tan@promiseland.com.sg

  • @user-iz2hz2sh6g

    @user-iz2hz2sh6g

    4 ай бұрын

    You will lose out big time if you borrow from your policies or worse still, surrender them

  • @chinchowpowpook
    @chinchowpowpook3 ай бұрын

    Unfortunately when we old & die we still can’t draw out &$$..there’s always balance left for next of kin or return to government if u single hood. Either way,,that means all the last few decades we work hard for $$$ that is belong to government..not us..now I general most elderly don’t speak much because no cash on hand..just a can’t cash out Pty if they still living in it..

  • @cheonglaimeng6445
    @cheonglaimeng64454 ай бұрын

    Point.10 , you scare me by saying CPF LIFE is not guaranteed. cannot say like that. You should say the projected amount of CPF LIFE PAYOUT is not guaranteed subject to then RA interest rate and members mortality rate.

  • @joshconsultancy

    @joshconsultancy

    4 ай бұрын

    Not that there will be losses but It’s exactly in the first sentence of the screenshot from cpf. Cpf life payouts are not guaranteed 😅

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