fat ass,
u r assuming that the minimum sum won't be raised further. dumb :oIo:
They rise it by a grand total of 6.1 percent in 8 years!!!! Wow that's SOOOOOoooooooo high. Assuming it somehow manage to reach 250K by the time U and I retire, that's a whopping $275 in your special account every month.
i ponderAnd U seriously think you won't get any increment for 35 years meh?
dumbfuck fatass,
tell that to the old folks who will never see their cpf in 1 lump sum,
btw, dun surf the net during office so much. i am compiling the list whenever i see u post on line during office hours. u never know when i will itchy fingers and email to your boss/HR/MD.
btw my new signature rocks.
i ponder
Assuming U work 35 years, no increment over the 35 years and just the amount in your Special account alone(U can't touch it anyway). If U have a monthly income of $2700(works out to about $150 to special account * 12 mths * 4% interest), U will already be able to reach the minimum sum after 35 years. That doesn't even include ordinary account and whatever extra money that comes in via Bonuses. And U seriously think you won't get any increment for 35 years meh?
Work for 35 years ah? Very clever right you?
Poly grads are 20 years old when they get Diploma. Guys do NS so will be 22 years old. If work for 35 years, girls will be 55, guys will be 57 years old.
Girl Uni grads will be 22 or 23 years old when finish Uni. 23 years old if they take Honors. Guys add 2 years for NS will be 24 and 25 years old when come out to work. If work for 35 years Uni girls will be 59-60 years old, guys will be 61-62 years old.
I thought original retirment is 55 years old? Somebody screw up the planning so we cannot finish shit at 55 years old is it? :oIo: :oIo: :oIo:
It's great to know that pple in here dun believe in free speech and would go out of their way to ruin another person just because they have a difference in opinion. The truth hurts doesn't it
Strangely enough, your signature points to the fact that I don't actually work for the government and I actually works for the pple I've always claim to be working for
How have you been doing, tuan?
Char_Azn
You need to leave out the Ordinary account in total as most would use that for their housing loan.
Your projection of $101K for starting salary of $2,500.00 at age 25 would not be enough to buy a 3-room HDB flat.
You also need to consider the poor will definitely use their CPF to offset their children tertiary education when time comes.
Char_Azn
You need to leave out the Ordinary account in total as most would use that for their housing loan.
Your projection of $101K for starting salary of $2,500.00 at age 25 would not be enough to buy a 3-room HDB flat.
You also need to consider the poor will definitely use their CPF to offset their children tertiary education when time comes.
This time the raise is 6.5 percent. Let us say you start working now for 35 years. In 35 years time, your minimum sum is 8000*35+123000=SGD 403000. Your MRA, if they are nice will be 27500+34*2500= 112500. You make 2400/mth and stay that way for 35 years with no unemployment (haha). Weighting the CPF contribution rates and interests, you get 3.03 percent (rounded up. I ignore 60K 1%thingy as the bond float will cancel it out soon). So, you make $621,771.02 and if you minus out the two other sums, you get 106271SGD. But wait, what about the house? You marry now and buy a 250K HDB, and you and your wife pay the 5 percent down payment and split the loan in between for 30 years at 2.6 percent. You pay for your part, SGD172485.41 and you find you are -SGD66214.41 for you CPF. So you cannot withdraw but pledge the hdb! So tell me what to withdraw?