What they want to do is to reduce the draw out of the CPF...... The reason is simple - CPF money is used to be INVEST by Temasek and GIC. With the amount of money that both of the company is losing, do you think there is enough money for peoples to draw out the CPF?
That why every year, the CPF will come out with some rules with the support of the goverment to reduce the pay out of CPF and hence retaining the money inside CPF......
IMHO, in fact starting from now... Those peoples working and in the mid 30 to early 40 of ages will never to see or smell their CPF in the entire life......
Please correct me if I am wrong I thought I heard somewhere from Temasek or GIC that they DO NOT use our CPF for their investments? Also I thought I read it somewhere that overall whatever bad investments loss were made up by investments gain so nett is gain. I think I didn't hear wrongly, anyone can clarify?
they purposely keep saying very loudly to be heard.
like smrt, they also say very loudly it's the best in the world. see what happen now.
How many Singaporeans have $131,000 in CPF at 55?
Posted by theonlinecitizen on December 20, 2011 20 Comments
15~by: Leong Sze Hian~
I refer to the report “CPF keeps 4% Special..........
How many Singaporeans are estimated to have the MS of $131,000, when they reach 55?
Any way to catch them using our CPF to invest?
There're no dots to connect, simple straight line Lee, Lee & Lee LOL
all these cpf changes really made my lamparchengcheng...but the majority seem not to be affected at all...why this deafening silence!
just wanna check - if renounce citizenship - are we allowed to withdraw the entire CPF - ie. ordinary, special and medisave accounts - and any money in whatever hidden accounts like eldershield, etc?
Any way to catch them using our CPF to invest?
Lately I am considering to one day change my citizenship to Thai and get all my CPF money out. I am ok here because I am quite well entrenched here. Only problem is my work requires me to go to places at very short notice and applying for entry visa with a Thai passport requires time. But I am sure one day I will do it. Ok some of you will say why not go angmoh 1st world countries better benefits I think I will not because (1) I am very comfortable and used to here and (2) I don't need whatever benefits western word can offer as I am used to taking care of myself. For me Thailand is the best place despite the red/yellow, flooding, tsunami problems.
I also thinking running road to Thailand. You got job intro me anot?