CPF Minimun Sum Going Up Again

JPMorgan888 · Jun 1, 2009

Theres nothing certain in this island we live in except for taxes, political whitewashes and CPF increases.

[

B]Changes to CPF Minimum Sum [/B]
June 1, 2009

The increase, which includes an adjustment for inflation, is to ensure that Singaporeans set aside sufficient savings for their retirement. -- ST PHOTO: MALCOLM MCLEOD

FROM next month onwards, Central Provident Fund (CPF) members will see changes made to their Minimum Sum (MS), Medisave Minimum Sum (MMS), and Medisave Contribution Ceiling (MCC).

Starting July 1 this year, the CPF MS will be revised from $106,000 to $117,000. This will apply to members who turn 55 from July 1, 2009 to June 30, 2010.

The increase, which includes an adjustment for inflation, is to ensure that Singaporeans set aside sufficient savings for their retirement.

Similarly, to ensure that Singaporeans have enough savings to meet their hospitalisation expenses, the MMS will be raised to $32,000 from $29,500 from July 1 this year.

The maximum balance a member may have in his Medisave Account, known as the (MCC), is fixed at $5,000 above MMS and this would be increased correspondingly to $37,000, from $34,500.

Any Medisave contribution in excess of the prevailing MCC will be transferred to the member's Special Account if he is below age 55 or to his Retirement Account if he is above age 55 and has a MS shortfall.

Members with queries can call the CPF Call Centre at 1800-227-1188.

diversifyx2 · Jun 1, 2009

Expected one lor, our reserves is very empty now.

JPMorgan888 · Jun 1, 2009

diversifyx2 said:
Expected one lor, our reserves is very empty now.

You must take a long term view. Although its almost empty now, over the last ten years it is only half empty thanks to the progressive and responsible increase in CPF minimum sums.

Cestbon · Jun 1, 2009

Hahaha...............This will be one of the citizen will not vote PAP in next election.
After election increase GST, transport fare, conservancy charge(need more money to maintain more lift after upgrading), electricity&water bill, .............................

jim007jimmyboy · Jun 1, 2009

Cestbon said:
Hahaha...............This will be one of the citizen will not vote PAP in next election.
After election increase GST, transport fare, conservancy charge(need more money to maintain more lift after upgrading), electricity&water bill, .............................

i expected this...after HoJinx screw up!

I knew it...

yeah and after election confirm everything will go up!

Tiu Kwang Yew · Jun 1, 2009

good what, more money for the familee to punt world -wide and win for the peasants . 66% should love it .

makapaaa · Jun 1, 2009

Money no Enough Lah!

makapaaa · Jun 1, 2009

>>>The increase, which includes an adjustment for inflation, is to ensure that Singaporeans set aside sufficient savings for their retirement. <<<

What inflation?

popdod · Jun 2, 2009

CPF will introduce this life annunity scheme in sept liao....

:o :mad:

:o

KuanTi01 · Jun 2, 2009

jim007jimmyboy said:
i expected this...after HoJinx screw up!

I knew it...

yeah and after election confirm everything will go up!

Uniquely Sinkapore! The sky's the limit. Up up and away! :mad:

annexa · Jun 2, 2009

CPF minimum sum adjust for inflation. But our salary adjust for deflation!

FUCK!

Watchman · Jun 3, 2009

I told you guys long time back they will force it down our throats if they have to to find more money !

JohnTT · Jun 3, 2009

Expected. Thanks to Ho Jinx! :mad:

saratogas · Jun 3, 2009

What the FK! Lock more of our $$$ again!:oIo:

tonychat · Jun 3, 2009

OH yes.. another witness of screwing sinkies are here.

I bet sinkies will bend down further and willingly accept it and even thank the screwer.

amazing sinkieland.. Hey PAP, raise the minimum sum higher lah, sinkies loves more orgasm.

Try a minimum sum of $300,000. Sinkies love it.

SIFU · Jun 3, 2009

tonychat said:
OH yes.. another witness of screwing sinkies are here.

I bet sinkies will bend down further and willingly accept it and even thank the screwer.

amazing sinkieland.. Hey PAP, raise the minimum sum higher lah, sinkies loves more orgasm.

Try a minimum sum of $300,000. Sinkies love it.

we dun need to pray n kowtow to the thai king like u do..:oIo::oIo:

and btw, thailand is the world no. 1 exporter of prostitutes.. u must be damn proud. :biggrin:

0939 · Jun 3, 2009

In five years time, My wife will be 55, the minimun sum will be $135,000. This I knew long ago. So prepare. In 10 to 20 years time, will be around $200,000. So tell me how many will have that money after factoring your house. bear in mind the CPF is only 35 percent.

yellow_people · Jun 3, 2009

0939 said:
In five years time, My wife will be 55, the minimun sum will be $135,000. This I knew long ago. So prepare. In 10 to 20 years time, will be around $200,000. So tell me how many will have that money after factoring your house. bear in mind the CPF is only 35 percent.

In 10-20 years time I'll be surprised if most people will be able to complete their mortgage by the time they reach 55. Forget about the min sum in CPF.

tonychat · Jun 3, 2009

0939 said:
In five years time, My wife will be 55, the minimun sum will be $135,000. This I knew long ago. So prepare. In 10 to 20 years time, will be around $200,000. So tell me how many will have that money after factoring your house. bear in mind the CPF is only 35 percent.

I would like to ask. If you knew this long ago and still stay in sinkieland, why dun you do something about it beside knowing it.

SIFU · Jun 3, 2009

tonychat said:
I would like to ask. If you knew this long ago and still stay in sinkieland, why dun you do something about it beside knowing it.

i would like to ask u to fuck off:oIo::oIo:

CPF Minimun Sum Going Up Again

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