The cap on the medisave and RA keeps getting higher with every year. The semi retired are not spared. With my miserly pay working part time, they wrote to say I must top up. Besides our flat the CPF is already tying up a lot of our monies, yet they want more. Most of us wont get to see the funds, maybe our next of kin see a portion. How to like the PAP policy ?
Our flat is only valued at half of the minimum sum (less than 70k) should we choose to pledge it against the amount. That is crap ! It has no value beyond that, because you cannot pledge it with a commercial bank. Talk about asset enhancement. Sure, you can sell it or downgrade or migrate. To those folks who are excited about paying high prices for a HDB flat, think twice.
You will never understand the depth of the screwing until it hurts
Our flat is only valued at half of the minimum sum (less than 70k) should we choose to pledge it against the amount. That is crap ! It has no value beyond that, because you cannot pledge it with a commercial bank. Talk about asset enhancement. Sure, you can sell it or downgrade or migrate. To those folks who are excited about paying high prices for a HDB flat, think twice.
You will never understand the depth of the screwing until it hurts