imagine delivery or driving grab is your part-time job, such CPF contributions mean that you also have to pay the income tax for these additional income.
These ppl who don't want to contribute to CPF are damn funny. No money when they retire, then they will know the pain. Furthermore, there is a sizeable employer contribution to the CPF too.
Generally I think it good. With the PAP it is hard to tell, be cause in practice contribute to CPF = lending to government. They promise to return u money plus interest, but certainly does not guarantee it is worth as much when they return it be cause it is not inflation adjusted. The moment u see 5% 10% inflation like Europe the PRs will be first to pull out, leaving sinkies with holding the bag.
Do CECAs need to contribute to CPF ? CECAs make $7,000 - $10,000 doing PMET jobs.
Their CPF contributions will be more tokkong than Deliveroos. If CECAs do not need to contribute CPF, then the Govt is not doing their mathematics right.
They should just give the Deliveroo jobs to CECA, and if CECAs don't contribute it's fine because when they are old just kick them out of Singapore. Give the lucrative PMET jobs to Sinkies.