kunmi5:
(1) Does anyone have idea when the next draw is likely to hold?

(2) Is a there a trend or pattern for schedule of draws monthly?

Deebay:

No I wasn't given the money. But 4 months after resignation, one is eligible to withdraw the money. Apply to your pension body for a letter stating you are eligible to collect 25% on resignation, also request for your six months statement of balance. I submitted these two documents. I don't know how to refer to old pages, but search part 2 thread using the moniker 'yimiton', this person gave detailed steps on it and I got my inspiration from there.
Do you understand now?

solomonsny:
I've searched the questions regarding pension being used as POF but my question is slightly different. Am still employed and we have a staff provident fund in which i currently have more than enough money for my POF. This money will be available to me in full as soon as i resign which i only want to do after receiving my PPR. Am wondering if this will be accepted as POF if i can attach all necessary statements and write ups.

Not sure if it has been answered before but i've searched the pages before and only seen answers on pension yet mine is not.

Kontagious:
Congrats Boldinc, Kissoflife and Deebay.

happytbaby:
Can 25% of you guys' pension be up to N2.5m? Explore the possibility of using pension funds to complete it.

Threemg:


How do one achieve this when SIBTC won't give one access to the 25% until after 6 months of unemployment?? Please throw more light

solomonsny:
I've searched the questions regarding pension being used as POF but my question is slightly different. Am still employed and we have a staff provident fund in which i currently have more than enough money for my POF. This money will be available to me in full as soon as i resign which i only want to do after receiving my PPR. Am wondering if this will be accepted as POF if i can attach all necessary statements and write ups.

Not sure if it has been answered before but i've searched the pages before and only seen answers on pension yet mine is not.

Guitarlife:
Please people how many percent of Pension fund is acceptable as POF, I know of 25% but is it true that we can push it to 50 % ?

4Barr:


You question here is ambiguous.

1. If the question is whether or not your pension can constitute more than 25% of your Proof of Funds - Yes it can

2. If the question is whether or not you can collect more than 25% of your pension - No you can't. even AVC has been changed effective December 1st 2017 as you can only access 50% of AVC remittance within the last two years of contribution and the remaining balance is locked until retirement.

elfmann:

He asked for their meanings and u are giving a link. Bwahahahaha.

kunmi5:
(1) Does anyone have idea when the next draw is likely to hold?

(2) Is a there a trend or pattern for schedule of draws monthly?

Threemg:


How do one achieve this when SIBTC won't give one access to the 25% until after 6 months of unemployment?? Please throw more light

kunmi5:
Yes, it can improve your score. My wife's IELTS gave me a score of 10 meanwhile she scored LSRW 5.5,7.5,5.5,6.5.

Even as low as 2 points can make you stay in the pool for months so every achievable points count.
Sometimes early this year, CRS cutoff went as low as 435 and it has not gone down low till date only getting higher so you can imagine someone who had 434 since like April will still be in the pool for a year meanwhile the 435 is on the plane to canada already.

Also do Credential evaluation for her. Get all maximum points achievable.

Deebay:

Thanks everyone. It's still like a dream to me. I learned a lot here and will be very happy to give back.

I submitted 6 months pension statement of my spouse and a letter from the Pension body stating the 25% can be withdrawn etc.
Search the thread for yimiton. He/she made elaborate post on this. I got my insight from there.

Hadamadrina:

teelawwy:
Good morning good people, please I'm based in Ilorin, how do I go about remarking my IELTS before the deadline given to remark expires. Candid response will be much appreciated. Thank you.

Raconteur14:


Mcstan18 already answered your questions.

1) We expect that there will be a draw today. It is is usually between 9am and 2pm Canadian time. This will likely be the last for the year

2) Mostly done on Wednesdays fortnightly but there have been deviations. Some have been within one week of each other, some three weeks with the longest being about a month this year

4Barr:



Oga, 25% funds is not encumbered o. Check that definition again, it is only subject to some conditions. Just like T-bills is until maturity or fixed deposit. It is available to you just that you need to ensure that anything sine qua non to withdrawal is met. in this instance - dISENGAGEMENT. Many have used it and no issue was raised even for up to 50% of the POF.

cochtrane:

You needn't be so pedantic about it. If I were you, I'd sent my passport. It's still some six months away from June 18, isn't it? If you'd like to extend though, send your mail to CPC-CTD-Ottawa@cic.gc.ca

Newmum0615:
Good morning.
Saw a post saying that you only need to present a letter showing 6 months pension funds balance and then highlighting 25%
of that as POF. How true is this? My thought were that the 25% applies to the total amount you have so far as pension funds. So say you have 5M as total pension funds, wouldnt the 25% be on the 5M or it will it be on a 6 months balance of say 850k? The thing is confusing.

Saintp:


Chai. If there is a draw today that could have favored my score, it will be very disappointing. I'm not yet in the pool as I haven't received my TRF yet. How long will it take for BC to send it to me? I wrote in PH but I don't live there. Or should I just travel down there, would they give it to me?

Oga put on your swimsuit and dive into that pool already. Who told you that TRF is a sine qua non to entering the pool? A few pages back, someone detailed how to generate the TRF number and that works perfectly cos I went ahead to verify with a friend's. If not for the silly 7.5 in the Listening test of December 2, I'd have been swimming in lane 430. I actually created my profile long before the results came out knowing very well that I can always edit the scores so long as the revamp doesn't take me below the ITA score for that round.

Brother, you have only a few hours to do this. Make hay while the sun is still up and don't forget to come back for your testimony and tithe

4Barr:


Its quite straightforward actually. The 25% of the total Retirement Savings Account balance is available to you. You are only attaching your six month RSA statement just as in the case of a bank account. That you only attached a six months bank statements doesn't erase the fact that you have access to the entire sum. Monthly remittance into your pension account is usually the same except you were promoted and at which the required percentage may change so there is nothing to worry about really. Get a letter from your PFA stating that you can have access to your RSA within four months of disengagement in line with the PRA 2014 then attach your six months RSA statement (this will show monthly remittance in the last six months, the total contribution till date, income earned till date and total balance) You don't need to worry about a statement on indebtedness as Pension funds are not subject to lien for repayment of debt not even to your employer.

Is it less confusing now?

nairacrusader:
I am not sure if this is related but I would really like some concrete information and advice on what I am about to type.

My husband came back last night and told me that it may be possible for us to be able to get a work permit if we enroll our son into a private school in Canada.

Our son is 3 years old. Can a 3 year old be given a student visa? If yes, I being his mum and guardian would be given what? Does anyone living in Canada or Nigeria know anything about this? If yes, what Province should I start looking for schools for him? Thanks guys

Newmum0615:
Good morning.
Saw a post saying that you only need to present a letter showing 6 months pension funds balance and then highlighting 25%
of that as POF. How true is this? My thought were that the 25% applies to the total amount you have so far as pension funds. So say you have 5M as total pension funds, wouldnt the 25% be on the 5M or it will it be on a 6 months balance of say 850k? The thing is confusing.

mcstan18:


Oga put on your swimsuit and dive into that pool already. Who told you that TRF is a sine qua non to entering the pool? A few pages back, someone detailed how to generate the TRF number and that works perfectly cos I went ahead to verify with a friend's. If not for the silly 7.5 in the Listening test of December 2, I'd have been swimming in lane 430. I actually created my profile long before the results came out knowing very well that I can always edit the scores so long as the revamp doesn't take me below the ITA score for that round.

Brother, you have only a few hours to do this. Make hay while the sun is still up and don't forget to come back for your testimony and tithe

happytbaby:
Newmum0615, the lady we were referring to already has N5m out of N7.5m needed for family of 4, I then asked if the 25% of their pension fund will be up to N2.5m, Let me rephrase my question 'is their joint pension fund up to N10m? 25% of N10m will give N2.5M needed.

Newmum0615:
I understand. I was referring to someone else's post not the lady's.