Personal Finance
4 Things to know about Withdrawing Money Out of CPF
By Investment Stab  •  February 23, 2016
We all know that we can withdraw some of our money from CPF upon reaching the age 55, but do you know there are some things you should know about it? MORE LINKS Fresh Year, Fresh Pessimism?  CPF +1% Interest for those age 55 & Above 5 Financial Things to do in your 20s Singapore Finance Minister on Personal Finance Part 2 Reducing CPF Housing Accrued Interest CPF +1% Interest for those age Below 55 1) Withdraw $5,000 at age 55 If you turn 55 in year 2016 and after, you may withdraw $5,000 from your CPF OR amount above the Full Retirement Sum (FRS) 2) Let it Grow~ Let it Grow Should you decide not to withdraw money from your account when you reach 55, the money will continue to grow and earn interest inside your CPF! You can also use the money to finance your housing loan ......
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By Investment Stab
We are a group of Singaporean students who are curious and interested in Finance. As we dive deeper into this area in search of more knowledge, the more debates and differences we have. We also realised that financial literacy is not strongly inculcated in the younger generations, leading to numerous costly mistakes. Some of such includes believing in "high profiting" scams such as land banking and buying unnecessary investment schemes which are often motivated by the salesperson's personal interest ...
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