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- Nov 27, 2013
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The CPF Advisory Panel will be making their recommendations to the Government soon. Here are 10 things we hope to see they will change.
1. Do away with minimum sum, or at least a more comfortable level of minimum sum.
2. Have incentives to encourage people to want to keep money in CPF rather than strict enforcement.
3. Allow options to borrow against CPF for life events (eg. Weddings, funeral, job losses etc).
4. Allow options for unlimited CPF topup (because of the interest).
5. Raise older worker’s CPF contribution so that it is on par with younger workers.
6. Simplification of CPF rules. (Today you need a diploma in CPF to understand how it works).
7. National Service and interns should enjoy CPF contributions too.
8. Allow for options to contribution rate (whether or not you want 20%, 15% or 10%).]
9. Broaden Medisave usage: for example medical tests, outpatient and more diseases.
10. Have better projection on the minimum sum, instead of increasing it every year.
http://www.fivestarsandamoon.com/common-mans-top-10-cpf-wishes/
1. Do away with minimum sum, or at least a more comfortable level of minimum sum.
2. Have incentives to encourage people to want to keep money in CPF rather than strict enforcement.
3. Allow options to borrow against CPF for life events (eg. Weddings, funeral, job losses etc).
4. Allow options for unlimited CPF topup (because of the interest).
5. Raise older worker’s CPF contribution so that it is on par with younger workers.
6. Simplification of CPF rules. (Today you need a diploma in CPF to understand how it works).
7. National Service and interns should enjoy CPF contributions too.
8. Allow for options to contribution rate (whether or not you want 20%, 15% or 10%).]
9. Broaden Medisave usage: for example medical tests, outpatient and more diseases.
10. Have better projection on the minimum sum, instead of increasing it every year.
http://www.fivestarsandamoon.com/common-mans-top-10-cpf-wishes/