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Do you need a Singpass?
- Thread starter johnny333
- Start date
Mostly use for official related matters, apply again next time when u need it....
The only reason I've got a Singpass was because the gov't made it a necessity in the past. I think you needed one if you wanted to apply for Singtel shares
Can't remember exactly, but I thought it was a dumb idea because why should someone need a special account just to check on your CPF? It's not like you could take your CPF out. Only Ho Ching can do that
Before Singpass you could just go to the counter & get a printout of one's CPF account.
Can't remember exactly, but I thought it was a dumb idea because why should someone need a special account just to check on your CPF? It's not like you could take your CPF out. Only Ho Ching can do thatBefore Singpass you could just go to the counter & get a printout of one's CPF account.
You can still do that.
The only reason I've got a Singpass was because the gov't made it a necessity in the past. I think you needed one if you wanted to apply for Singtel shares
Before Singpass you could just go to the counter & get a printout of one's CPF account.
If i am not mistaken u could withdraw amt excess of RA (provided u maintain the minimum sum) when u reach 55. U can print the relevant application forms fm CPF website using ur Singpass and submit it for approval. U can also do necessary trsf of funds for ur children tuition fees if they are admitted to Spore IHL.
FYI, if you reach 55 you can withdraw the $5,000 without having a Singpass account. All you have to do is to go down to the CPF office with your IC.
But u can do it without going down to CPF office rite? The convenience of having SingPass...and doing it "online" and at home.
You have to sign some kind of documents to arrange for a cheque, especially if you do not have an account with one of the approved local banks.
I think most people would prefer to go down personally to avoid cockups. The $5,000 is probably the only time most will ever get to touch their CPF:(
Lets say u r above 55 rite now. So long u meet ur minimum sum in ur RA. So long u meet the minumum sum in ur MS. Whatever excess amt in ur Ord, Special and Medisave, (excluding ur RA) u can withdraw by just clicking ur mouse. U can excute those withdrawals on-line. Once CPF recd ur application, it take 4-5 working days for ur chqs to be ready. Best u use ur POSB a/c.
If not wrong now the RA is $155k and MS $43500. And i can ustand why some uncle prefer to go down personally rather than do it online. Afraid $$ kena salah makan cos press wrong button doing online. :p
So now u see the convenience and advantage of having a Singpass.
other than cpf, singpass also allow u to file income tax via online. having singpass also allow u to check your outstanding balance of your hdb loan, change vehicle(new vehicle) for hdb season parking or change season parking carpark.
Online access to chenghu e-services, not just CPF -but tax returns, business related ACRA etc. For business ACRA related stuff, it's only optimal access for setting up or changes....you needed one if you wanted to apply for Singtel shares
Before Singpass you could just go to the counter & get a printout of one's CPF account.
Old days of face to face are getting scarce. When was last time you walked into a bank branch? :p
Whew, fortunately I have no loans & don't have any dealings with HDB. No longer have a car so I guess I can count myself lucky
I use those AXS kiosks to pay most of my bills. I'll let them terminate my Singpass account because it seems that Singpass is more of a "fine" system & there are many alternative methods to pay.
I use those AXS kiosks to pay most of my bills. I'll let them terminate my Singpass account because it seems that Singpass is more of a "fine" system & there are many alternative methods to pay.
I visit the bank every month to pay my VISA bills. My bank account is with a different bank that issued my VISA card. As a matter of fact I have a couple of VISA cards from various banks.
singpass is a great way to access all government e-services. its use should be expanded further so we don't have to keep track of soooooooo many different passwords.
heck maybe one day can use singpass to access SBF muahahhaha
they probably want to control and check on you...
That goes without saying...
Even ah longs ask for singpass now.
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