NO MORE CPF SHIELDING SOON? 🧐 My reactions to this concern ...

CPF Shielding is it going to stop?
An article "NO MORE CPF SHIELDING SOON?" mentioned that the days of "exploiting loopholes" in CPF may soon be over after CPF posted a warning on its website.

0:00 Introduction and background

0:54 What is the history of CPF shielding and how it works
Ms Lorna Tan had an article 4 ways to optimise CPF.
She shared that when she reached age55, she used FSMOne to buy Nikko Am shenton short duration bond to temporarily move out her CPFSA. There is no sales charge now for CPF investments. Subsequently she sold her investment to return it back to CPFSA after the retirement account was formed with $40,000 from CPFSA and the rest from CPFOA.

3:40 Is CPF Shielding going to stop
Do not panic to move CPFSA out now. CPFSA gives 4% and it is usually to your benefit to keep it there.
Understanding how CPFSA shielding can be stopped if it happens

5:44 How is CPFOA shielding achieved?
It is to move CPFOA out via CPFIS by buying investment funds.
An individual may be able to pump in cash into CPFRA with RSTU.
Alternatively, an individual may be doing it if he/she believes that investing the CPF is better.

8:08 Interesting data on CPF balances
Many have more than $300,000 inside CPF which is more than CPF enhanced retirement sum ERS.
An individual has more than $1.6m in CPF

#cpf #cpfsa #cpfinvestment #cpfshielding
Subscribe as subsequently I'd be sharing more on CPFOA investments too!
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Видео NO MORE CPF SHIELDING SOON? 🧐 My reactions to this concern ... канала Josh Tan - TheAstuteParent