We ask the Chief Executive of the Ministry of Social Justice Brendan Boyle to stop deducting money from the New Zealand superannuation payments of Singaporean permanent residents.
Why is this important?
The Singapore CPF savings fund is not a pension fund, it is private citizens’ personal savings. Thousands of Kiwis have worked in Singapore and collected their tax-free CPF savings.
However, Singaporean Permanent Residents of New Zealand have their CPF savings taxed 100% because the Chief Executive of the Ministry of Social Justice ruled that the monthly refund of one’s own CPF savings, “can be seen as a periodic allowance”. So the New Zealand government confiscates 100% of the amount refunded monthly to Singaporeans by the Singapore government through the superannuation due to them.
This is an appeal to all decent, fair-minded folk, especially those who worked in Singapore and collected their tax-free CPF savings.
https://www.allsingaporestuff.com/a...orean-pr-nz-100-their-monthly-cpf-collections
Why is this important?
The Singapore CPF savings fund is not a pension fund, it is private citizens’ personal savings. Thousands of Kiwis have worked in Singapore and collected their tax-free CPF savings.
However, Singaporean Permanent Residents of New Zealand have their CPF savings taxed 100% because the Chief Executive of the Ministry of Social Justice ruled that the monthly refund of one’s own CPF savings, “can be seen as a periodic allowance”. So the New Zealand government confiscates 100% of the amount refunded monthly to Singaporeans by the Singapore government through the superannuation due to them.
This is an appeal to all decent, fair-minded folk, especially those who worked in Singapore and collected their tax-free CPF savings.
https://www.allsingaporestuff.com/a...orean-pr-nz-100-their-monthly-cpf-collections