New CPF & HDB Ammendents In Pipelines

[Ramseth]

It's proposed that alll HDB flat sales proceeds will go back into CPF, regardless of CPF or cash portions originally used to financed the original acquisition of the flat. This is to ensure sufficient retirement funds.

Perhaps, to prevent retirees from squandering their retirement money on gambling, prostitution or standing for election.

 

[cooleo]

The irony...retirement funds cannot take out in full when u retire. Is that daft or what?

 

[Ramseth]

The irony...retirement funds cannot take out in full when u retire. Is that daft or what?

Selling flat has nothing to do with retirement funds under existing laws of cash back to cash and CPF back to CPF.

 

[Watchman]

The irony...retirement funds cannot take out in full when u retire. Is that daft or what?

You grow up in Singapore, you earn your money in Singapore,
you spend your money in Singapore.

And you sure better die spending it here .

 

[cooleo]

You grow up in Singapore, you earn your money in Singapore,
you spend your money in Singapore.

And you sure better die spending it here .

Can spend still ok, but cannot take out 100% and then die leh? Money can bring to coffin? Can ask my dear MP about this?

 

[LonewolfAlfa]

It's proposed that alll HDB flat sales proceeds will go back into CPF, regardless of CPF or cash portions originally used to financed the original acquisition of the flat. This is to ensure sufficient retirement funds.

Perhaps, to prevent retirees from squandering their retirement money on gambling, prostitution or standing for election.

no problem. just ask for higher COV when u sell off your hdb flat.