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Subscribe to this list via RSS Blog posts tagged in CPF minimum sum

What is CPF Minimum Sum? 7 things to know

Posted by Property Launch Invest on Monday, 23 March 2015 in Property News

SINGAPORE - The National Trades Union Congress (NTUC) announced on Wednesday 15 recommendations for the ongoing review of the Central Provident Fund (CPF) system.

Among other things, it has called for greater transparency and predictability of the Minimum Sum, proposing that the Government set a 10-year Minimum Sum schedule with corresponding CPF Life monthly payout. It also called for a mid-term review of the schedule to ensure relevancy.

"In addition, any adjustment or changes should be explained to members adequately in advance, including how the Minimum Sum is calculated and CPF Life monthly payout is determined," said NTUC assistant secretary-general Cham Hui Fong.

Buying a Property – Use up CPF before it vanishes into Retirement Account at 55

Posted by Property Launch Invest on Saturday, 13 December 2014 in Property News

Buying a Property – Use up CPF before it vanishes into Retirement Account at 55

For Singaporeans, reaching 55 years old marks a major milestone from the perspective of personal financial planning.

At 55, you can withdraw a portion of your Central Provident Fund (CPF) savings.

Yes, finally after years of waiting, you can use the money locked up at CPF!

But hang on… before you start planning for your next holiday destination or researching for your second property…reaching 55 does not mean you can simply go to the CPF to withdraw any amount you want.

The CPF, Singapore’s pension scheme, has other plans for your funds.

8 Things You Should Know When Using CPF for Property

Posted by Property Launch Invest on Saturday, 30 August 2014 in Property News

Many members use CPF savings when buying a property. Before you decide on buying your dream home, we highly recommend reading "Things to look out for when buying a property using CPF" and watching "Buying a House" videos. Here’re 8 essentials you should be aware of. Please note that the information may be different if you are using CPF for multiple properties.

The Ministry of National Development said the recent property cooling measures are still necessary and relevant to avoid a major price correction when economic conditions change.

Posted by Property Launch Invest on Tuesday, 24 September 2013 in Property News

SINGAPORE: The Ministry of National Development (MND) said the recent property cooling measures are still necessary and relevant to avoid a major price correction when economic conditions change.

Even though housing demand and price growth have eased, MND noted market activity remains robust and prices continue to rise.

It also noted interest rates remain unrealistically low.

PROPERTY LAUNCHES & INVESTMENTS

Property Launches & Investments

What is CPF Minimum Sum? 7 things to know

Buying a Property – Use up CPF before it vanishes into Retirement Account at 55

8 Things You Should Know When Using CPF for Property

The Ministry of National Development said the recent property cooling measures are still necessary and relevant to avoid a major price correction when economic conditions change.