‘CPF can use for housing after 55’ trap?
CPF & YOU I refer to the newspaper advertisement CPF & YOU – “Can we still use our CPF monies to service our housing loans after we turn 55?” Can use for housing after 55? “Yes … any amount above half the Minimum Sum in your Retirement Account can be used for your housing needs” How many have half of...
Govt does not want us to know how much CPF we have
How Much CPF Do Singaporeans Have?: Government Does Not Want Us To Know Last week, I attended the Forum on CPF and Retirement Adequacy, organised by the Institute of Policy Studies. I had posed some questions to the Manpower Minister Tan Chuan-Jin. Earlier this month, in parliament, the Manpower Minister revealed that "50%...
A Tale of Two Pensions – SG’s & UK’s
[Editor's note: Excellent revelation by Chris K. A must-read for all Singaporeans who are concerned of his CPF funds] The writer turns the big 55 sometime in early 2015 and very likely retired. Therefore, he faces two important decisions: what to do with his CPF and with his UK employee pension. His CPF is a no-brainer; withdraw...
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