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...
If HDB owns the HDB flat & the land it sits on…
Mr Khaw Boon Wan: Like all leasehold properties, HDB flats will revert to HDB, the landowner, upon expiry of their leases. HDB will in turn surrender the land to the State. ‘IF HDB owns the HDB flat and the land it sits on. When we "buy" our HDB flats. Why do we pay for cost of land + cost of construction?’ This phrase was...
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