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 Working in Singapore V12, Yusheng - 23rd Feb (Saturday)

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Laine
post Sep 19 2012, 09:37 AM

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currently i park my money in sg cimb bank starsaver, 0.8% p.a
http://www.cimbbank.com.sg/index.php?ch=sg...=12&tpt=cimb_sg
0.8% is better than a lot of TDs here..
Laine
post Sep 19 2012, 09:47 AM

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my current company do pay me the employer CPF contribution portion to me.. it is called CPF encashment.. it is quite a substantial amount to be honest..
Laine
post Sep 19 2012, 09:51 AM

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QUOTE(crazy25kid @ Sep 19 2012, 09:49 AM)
can i ask u this then?
is it written in your offer letter?
how much is the % for the CPF encashment? 5, 9 or 16?
if 9 or 16...when you apply for PR, what will be the rate they pay to CPF board?
Do they pay you back the remaining % since first year and second year is 5 and 9% respectively? or do they straight pay 16% to the board?
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16%.. i think it is stated in the letter offer..
not sure about the treatment after i get my PR though..
Laine
post Nov 1 2012, 08:52 AM

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QUOTE(john_makaay @ Oct 31 2012, 03:07 PM)
any1 here got PR approved with 1 year exp and with degree?
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1 year exp in sg or total working working exp?
i have 1.5 yr working exp in sg, degree holder and i just get my pr... all in all it took one month from submission to receive approval letter..
quite efficient i must say as during submission the woman over the counter told me it will take 3-4 mths to know the outcome..
Laine
post Nov 1 2012, 09:10 AM

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QUOTE(crazy25kid @ Nov 1 2012, 09:00 AM)
congrats...so maybe u can answer me the question of the cpf encashment question i raised last time now.  laugh.gif  laugh.gif
so your cpf is now is 20%/16% (3rd year) straight or 5%/4% (1st year) and remaining 11% from employer still encashed to you.
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sorry bro didnt realize u asked me about this.
to be honest i am not sure about this as i havent go for the formalities and am not officially PR yet. haha..
i believe you have the choice of full contribution and partial contribution. in the case of partial contribution, i THINK the remaining will not be encashed to u... but let me confirm and get back to u once everytihng is done.
Laine
post Jan 16 2013, 02:01 PM

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we are quite lucky as we signed the OTP few days before the announcement of the new cooling measure. or else need to fork out another 10+k...
at first we thought of viewing few more units with LUP billed and paid. luckily we didnt.
Laine
post Jan 17 2013, 05:15 AM

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QUOTE(wlcling @ Jan 16 2013, 10:34 PM)
same here... managed to book a unit before the new stamp duty enforcements were announced...  biggrin.gif
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wow where is yours? mine is at yishun.
planning to renovate it? maybe we can share share the information next time.. rclxms.gif rclxms.gif

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