You may click on the link below for the earlier parts of this entry:
Part 1 - The harsh reality
Part 2 - The headache
After you have done recapping/To continue from where we left off...
We dropped another email to our OIC to raise our concern & enquired with her on how to finance the balance amount for key collection. I received a call the next day and she told us that the balance, if our CPF-OA is insufficient, is to be paid ONLY by NETS (subjected to daily withdrawal limits imposed by bank) or Cashier's Order on the day of key collection. I reconfirmed if it's possible to pay the balance required via GIRO instalments - she said No.
Note: The GIRO instalment is only valid for approved HLE loan should our monthly CPF contribution to finance the monthly HLE isn't enough.
Meaning:
Ohhhhh gitu rupanyaaaa....
So...
Backtracking to my ending note in Part 2, we actually have invested both our CPF-OA (leaving only 20K balance each in our CPF-OA) to our CPF Investment Scheme (CPFIS) account with A-X-A in May this year (through a random consultant that approached us at Singpost pfft). But Alhamdulillah, ada jugak lah hikmahnya. After recalculating our CPF-OA & the amount in our CPFIS account, insya'Allah it was enough to finance the balance payment. The only thing we needed was time (around 2-3 weeks) to credit the funds back from our CPFIS account to our CPF-OA.
So, during the phone conversation with our OIC, we asked for a deferment of the key collection date and managed to push it back to mid Oct! Hopefully the funds are credited back into our CPF-OA by then.
*fingers crossed*
Part 1 - The harsh reality
Part 2 - The headache
After you have done recapping/To continue from where we left off...
We dropped another email to our OIC to raise our concern & enquired with her on how to finance the balance amount for key collection. I received a call the next day and she told us that the balance, if our CPF-OA is insufficient, is to be paid ONLY by NETS (subjected to daily withdrawal limits imposed by bank) or Cashier's Order on the day of key collection. I reconfirmed if it's possible to pay the balance required via GIRO instalments - she said No.
Note: The GIRO instalment is only valid for approved HLE loan should our monthly CPF contribution to finance the monthly HLE isn't enough.
Meaning:
|
DESCRIPTION
|
AMOUNT
|
|
Amount to be paid monthly for HLE
|
1,000.00
|
|
Total CPF-OA contribution
|
(700.00)
|
|
Balance to be topped up/paid by cash (GIRO)
|
300.00
|
Ohhhhh gitu rupanyaaaa....
So...
Backtracking to my ending note in Part 2, we actually have invested both our CPF-OA (leaving only 20K balance each in our CPF-OA) to our CPF Investment Scheme (CPFIS) account with A-X-A in May this year (through a random consultant that approached us at Singpost pfft). But Alhamdulillah, ada jugak lah hikmahnya. After recalculating our CPF-OA & the amount in our CPFIS account, insya'Allah it was enough to finance the balance payment. The only thing we needed was time (around 2-3 weeks) to credit the funds back from our CPFIS account to our CPF-OA.
So, during the phone conversation with our OIC, we asked for a deferment of the key collection date and managed to push it back to mid Oct! Hopefully the funds are credited back into our CPF-OA by then.
*fingers crossed*
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