tag:blogger.com,1999:blog-7944902213075756335.post8800689922188293375..comments2024-03-28T10:39:01.047+08:00Comments on A Singaporean Stocks Investor (ASSI): Exploit the CPF-RA for a lump sum payout? (And HardwareZone Money Mind on how to hack the CPF-SA?)AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-7944902213075756335.post-46741338996929269302020-08-30T08:00:37.392+08:002020-08-30T08:00:37.392+08:00Hi disr,
I have heard that it works.
I don't...Hi disr,<br /><br />I have heard that it works.<br /><br />I don't have any personal experience though.<br /><br />Things might change when I turn 55.<br /><br />So, I will look at this when the time comes.<br /><br />You might be interested in this blog and the comments that follow:<br /><a href="http://singaporeanstocksinvestor.blogspot.com/2019/11/AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-25240983391261035402020-08-28T17:24:08.104+08:002020-08-28T17:24:08.104+08:00Hi AK, do we know if this trick works?Hi AK, do we know if this trick works?disrhttps://www.blogger.com/profile/10037980553086913084noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-17703319205623976672019-02-11T10:26:42.752+08:002019-02-11T10:26:42.752+08:00Kelvin Chin says...
Can choose whether to CPFIS fr...Kelvin Chin says...<br />Can choose whether to CPFIS from our OA or SA?<br /><br /><br />AK says...<br />We can invest using SA money too but very limited choices.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-21275612297692529112019-02-08T14:26:20.678+08:002019-02-08T14:26:20.678+08:00Sau Yee Fong says...
On a serious note, this trick...Sau Yee Fong says...<br />On a serious note, this trick benefits the middle or high income group who did not spend a lot of their CPF OA in properties. I think with properties being a favourite investment tool with Singaporeans, not many will have a large OA to benefit from this trick. As long as the number of people who perform this trick is not large,in my opinion, the risk of CPFB plugging theAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-18124558051412771372019-02-08T14:00:30.534+08:002019-02-08T14:00:30.534+08:00Kelvin Tan says...
Nowadays, the advice is to the ...Kelvin Tan says...<br />Nowadays, the advice is to the SA shield trick at 54, I am still waiting for someone to do it, and to share how to. Of course, putting it to ERS will be much more straightforward.<br /><br /><br />Kkel Viin says...<br />may i ask what is sa shield trick?<br /><br /><br />Kelvin Tan says... <br />Use your SA beyond the min 40k amount to buy a low risk investment at 54. <br AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-53196789497196642532018-08-17T18:24:39.266+08:002018-08-17T18:24:39.266+08:00Sau Yee Fong says...
Email to CPFB:
Suppose I hav...Sau Yee Fong says...<br /><br />Email to CPFB:<br />Suppose I have set aside the Full Retirement Sum in my RA, after selling off the investment under CPFIS-SA, the monies will be returned to my SA ? <br /><br />Reply:<br />Yes, upon the liquidation, your sales proceeds will be credited into your CPF Special Account directly (for CPFIS-SA).<br /><br /><br />AK says...<br />The CPF After 55 bookletAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-4539152629534234412018-08-17T17:53:02.556+08:002018-08-17T17:53:02.556+08:00Kelvin Tan says...
They should just give people a ...<br />Kelvin Tan says...<br />They should just give people a choice whether or not to use their OA first, or use their SA first, to form the FRS. <br />Then it makes such a scheme redundant. 🤔<br /><br /><br />Charles Koh says...<br />Think they know la. But how many ppl can exploit this. <br />Basically need frs in OA and SA.<br /><br /><br />AK says...<br />Then, you shouldn't worry aboutAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-85083526929479417002018-08-17T17:50:35.467+08:002018-08-17T17:50:35.467+08:00Raymond Ng says...
The financial product guarantee...Raymond Ng says...<br />The financial product guarantee capital?<br /><br /><br />Siew Mun Kwan says...<br />Just buy sgs<br />This method is workable?<br /><br /><br />AK says...<br />Just hope that they don't plug this loophole soon. ;)<br />Also, to be rational, we have to see what is the prevailing interest rate and what are the alternative tools available when we turn 55. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-71033066177011626892018-08-17T17:44:36.252+08:002018-08-17T17:44:36.252+08:00Siew Mun Kwan says...
Will this work? I will turn ...Siew Mun Kwan says...<br />Will this work? I will turn 55 in 2 years time<br /><br /><br />Charles Koh says...<br />I heard of at least 2 persons did this and 1 person I know. <br />So it works. <br />I hope it still works 18 years later. Lol<br /><br /><br />AK says...<br />The more people talk about this, the more people do this, the more this loophole could be plugged. :pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-73006178614315777332018-08-17T15:07:44.220+08:002018-08-17T15:07:44.220+08:00Steve Tan Yeok Lim says...
I heard from others th...Steve Tan Yeok Lim says... <br />I heard from others that it is possible to buy some financial product using the CPF-SA just before you turn 55. <br /><br />The RA would then be drawn from the CPF -OA account. <br /><br />Sell the financial product after you turn 55 and the money would be return to the CPF-SA. <br /><br />So you are getting the 4 % interest.<br /><br /><br />AK says...<br />A AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-57780865940528066872017-08-30T20:41:45.491+08:002017-08-30T20:41:45.491+08:00Hi Laurence,
I certainly hope not. I dislike work...Hi Laurence,<br /><br />I certainly hope not. I dislike work and I dislike unpaid work even more. -.-"AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-19717659698892118692017-08-30T20:40:54.499+08:002017-08-30T20:40:54.499+08:00Hi Spur,
The only winners then were the insurance...Hi Spur,<br /><br />The only winners then were the insurance agents and investment advisers. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-14473374499658201442017-08-30T17:06:31.239+08:002017-08-30T17:06:31.239+08:00AK is now the unofficial Ambassador-at-Large for C...AK is now the unofficial Ambassador-at-Large for CPF. Lol.laurencehttps://www.blogger.com/profile/00674907410230833403noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-36330458323064145132017-08-30T16:59:33.009+08:002017-08-30T16:59:33.009+08:00With decades of tweaking and plugging loopholes in...With decades of tweaking and plugging loopholes in the CPF Scheme by generations of scholars, I'm more inclined to believe that the stuff mentioned above will not work.<br /><br />Also, remember that the 1st 20k in CPFOA and the first 40k in CPFSA cannot be invested, so those 60k would definitely go into the CPFRA.<br /><br />Also, no one can be certain that the amount withdrawn from the laurencehttps://www.blogger.com/profile/00674907410230833403noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-68742128178375289652017-08-30T15:28:57.874+08:002017-08-30T15:28:57.874+08:00Such hacks have been discussed since the 2000s whe...Such hacks have been discussed since the 2000s when govt decided to ramp up the Minimum Sum. But those discussions were for options when people cannot meet the Minimum/Retirement Sums. In such cases, they will need to maintain their investments/insurance endowments till after their Drawdown Age, if they want to take out in lump sums or at discretion. If they liquidate their investments etc beforeSpurhttps://www.blogger.com/profile/11824813457786462446noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-26925366411891016682017-08-30T13:55:01.236+08:002017-08-30T13:55:01.236+08:00Blog updated to add:
HardwareZone Money Mind on ho...Blog updated to add:<br />HardwareZone Money Mind on how to hack the CPF-SA?AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.com