Last edited by Zenten; 22nd June 2014 at 07:50 AM.
Nikomi Canpen Zenten :eek:
Not exactly 100% Natural but definitely the closest you can get to it
can we have an undertaking that there will be no whining and blaming again when your returned CPF money runs out ?
like it or not your CPF is not going to be enough
A better solution should be a national pension scheme in place to augment monthly CPF withdrawals regardless of one's CPF balances
p/s one benefit of the CPF system has been a lower income tax .... take away CPF, u can expect income taxes to shoot up.... look at Scandinavia and most of europe.... want good later years benefits and pension? Pay for it in income tax or beat the lobang by staying unemployed young and letting the state feed you
Last edited by ed9119; 22nd June 2014 at 11:24 AM.
shaddap and just shoot .... up close
Last edited by sammy888; 23rd June 2014 at 12:55 AM.
Don't trust government = leave Singapore? Can you be more draconian than that?
As much as you like to think, the government is not Singapore. There's a difference between trusting the government and staying in Singapore (for Singaporeans). Not trusting the government does not mean he has to leave. Your comment which suggests "don't like it here then leave" is may I say....... childish at best.
The way I look at it? Surrender our passport & migrate is the only chance to see 100% refund of your CPF & hopefully the Medisave too.
But rest assured that your minimum sum and medisave will most likely not be enough for the rest of your life (unless die early) - even in Batam.
Last edited by UncleFai; 23rd June 2014 at 04:27 PM.
Another way to get exemption from the Minimum Sum and to cash it out is to buy an annualty from a private financial institution that pays out a monthly allowance equal to or more than that under the scheme under the Retriement Account of CPF Life. Of course that pre-supposes that one have the cash outlay to invest in a private annualty scheme first.
But in this respect, the Pinoys who gave up their Philippine citizenship to become new citizens here have a better deal.
When they have earned enough here, they can always take their CPF and their earnings and go back and re-acquire their Philippine citizenship and live happily and richly ever after. Apparently, under the laws of the Philippines, a Philippine citizen who has given up his citizenship to become a citizen of another country can easily re-acquire or claim back his Philippine citizenship.This law enacted in the Philippines in 2003 is called the Citizenship Retention and Reacquisition Act of 2003. It declares that natural-born citizens of the Philippines who become citizens of another country shall be deemed not to have lost their Philippine citizenship and can retain/re-acquire it back. Aren't they lucky. Lucky, lucky, lucky.
You can buy your own castle for only USD$179k! Way cheaper than any HDB no matter how you look at it!
You literally have greener pastures, and not only can you live happily and richly ever after, you can literally live like a king!
4 acres all yours! Comes complete with dungeons to torture dissidents who object to cpf!
CPF isn't all bad and it works previously. Just like HDB, it has gone into biz mode. Provide options and let them decide. Stop the EC and high end HDB and build plenty of ordinary HDB at real cost. You got money buy private, no we have affordable home for you. Don't complicate matters. Why I pull in property into this discussion? Most would have no money left after their property mortgage which is inflated.