Post Reply
1-7 of 7
TAN KIN LIAN did the MOST work on PEOPLE's ISSUES
LONG BEFORE THIS PE
[Check TAN KIN LIAN blog and blog LINKS]
Tabulated summary:
|
Country |
Contribution Rate | Nominal interest rate | Partial Withdrawal | Full Withdrawal | Minimum Sum/ Mandatory annuity? | |||
| Employer | Employee | Total | Age | Allowed amount | Age | |||
| Malaysia | 12% | 11% | 23% | 5.8% (as of 2010) | 50 | 30% | 55 | No |
| India | 1.11% | 12% | 13% | 9.5% (as of 2010) | 54 | 90% | 55 | No |
| Hong Kong | 5% | 5% | 10% | N/A (returns depend on performance of investment funds) | N/A | Not allowed | 65 | No |
| Singapore | 15.5% | 20% | 35.5% | 2.5% (OA) and 4% (SMRA) Variable rate for SA/RA after Dec 2011 |
55 | Everything except Min. Sum + Medisave Min. Sum | N/A (not possible to withdraw everything due to CPF Life) |
Yes |
Comparison of real returns from 1999-2009
In order to provide an adequate perspective on how real CPF returns measure up against that of the other countries, I’ve crunched all the above tabulated data and graphed them for better visualisation (click to enlarge) of real returns by the provident funds over the period of 10 years as follows.
Click to enlarge
Notes: IW- Industrial worker, UNME – Urban non-manual employee, AL – agricultural labourer