How Much Does CPF Life Pay?

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  • เผยแพร่เมื่อ 23 มี.ค. 2024
  • How can younger CPF members estimate how much they would get from CPF Life? I made a calculator tool to try figure it out
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ความคิดเห็น • 25

  • @Sethisfy
    @Sethisfy  3 หลายเดือนก่อน +1

    📱 Latest updates and great deals! sethisfy.com/telegram

  • @LeakyBucketsg
    @LeakyBucketsg 3 หลายเดือนก่อน

    Insightful video! Thanks for sharing Seth.
    Though a commenter called you young boy, your wisdom exceeds many adults.

  • @chairforce1780
    @chairforce1780 3 หลายเดือนก่อน +4

    finally a video after million years

    • @Sethisfy
      @Sethisfy  3 หลายเดือนก่อน

      It was only 2 weeks 🥲

  • @NinJa-qr1sp
    @NinJa-qr1sp 3 หลายเดือนก่อน +1

    Even though the ERS amount will be doubled that of FRS in 2025 onwards, the payout for ERS is NOT doubled that of the FRS (it's slightly < 2 times). The gap might be small now but it will be worrying if it widens.

    • @Sethisfy
      @Sethisfy  3 หลายเดือนก่อน

      Thanks for pointing out. I found this curious too when I was building my calculator. Need to find out more on why this is the case

    • @Sethisfy
      @Sethisfy  3 หลายเดือนก่อน

      I suspect it’s because of the added 1% p.a. on the first $60k. Will find out

  • @SuckPacifierBoy
    @SuckPacifierBoy 3 หลายเดือนก่อน

    Thanks for sharing

  • @leewai
    @leewai 3 หลายเดือนก่อน +4

    I think all telegram members are very looking forward to your tool 😂

    • @Sethisfy
      @Sethisfy  3 หลายเดือนก่อน

      🙈

    • @user-dk4qp4mj6m
      @user-dk4qp4mj6m 3 หลายเดือนก่อน +1

      His tool is amazing lol

    • @jkho8365
      @jkho8365 3 หลายเดือนก่อน

      Are we still talking about cpf life?

    • @user-dk4qp4mj6m
      @user-dk4qp4mj6m 3 หลายเดือนก่อน

      Can eat?

    • @user-dk4qp4mj6m
      @user-dk4qp4mj6m 3 หลายเดือนก่อน

      @@jkho8365 yes his tool

  • @MBevG
    @MBevG 3 หลายเดือนก่อน

    Post-55 but have not really looked into CPF Life payouts. Did not realise that men and women receive different payouts - eventhough the FRS BRS etc amounts are the same for both genders...

    • @Sethisfy
      @Sethisfy  3 หลายเดือนก่อน

      Because it pays for life, CPF Life has to account that women tend to live longer

  • @parody9930
    @parody9930 3 หลายเดือนก่อน

    At which year will BRS, FRS, or ERS reach 1 million dollars?

    • @Sethisfy
      @Sethisfy  3 หลายเดือนก่อน

      Based on 3.5% p.a. increment should hit $1 million at 2070

  • @bananaboatman
    @bananaboatman 2 หลายเดือนก่อน

    Hi Seth. Is your estimator ready? I don't see them in your Tele group

    • @Sethisfy
      @Sethisfy  2 หลายเดือนก่อน +1

      probably in about a week’s time

  • @henrylau116
    @henrylau116 3 หลายเดือนก่อน

    Question - Whether you are male or female, both groups will channel the same amount of monies to FRS or ERS etc. , with the interests applies to the both groups the same, then why the female will get lesser payout then their male counterpart? What kind of assumption did you make here? Thanks/Henry

    • @xplodnow
      @xplodnow 3 หลายเดือนก่อน

      Cos statistically women live longer. So they payout lower amount which translates to longer payout duration.

  • @Ymusputhandle
    @Ymusputhandle 3 หลายเดือนก่อน

    CPF Life is BS. They makan your 6 digits FRS of $304634 & in return they gv u average daily allowance of about $50, u think its worth?
    If this $304634 remains in your RA, it would earn u 4.08% compound interest which your NOK can collect back

  • @DigitalOutreach.Expert
    @DigitalOutreach.Expert 3 หลายเดือนก่อน

    Please add a professional-quality cover photo to your channel, it will act as part of your brand and create a professional symbol for your channel. The first glance of the audience will give an idea about your channel.