- Joined
- Jul 7, 2011
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Oh no. What I recommend is CPF for PR still as per normal. Then if they choose (or forced) to leave, money is withheld by the CPF indefinitely, which can help alleviate the current pension shortfall that caused CPF withdrawal age to be increased. So for non-citizens or those who never convert to Singapore citizenship, it is as good as a tax being levied on foreigners.
Taxing is no good because this government when they have money, they will waste it by:
1) giving themselves a raise
2) building white elephants
3) buying new toys for the army
Withholding foreigner CPF for disbursement to citizens is killing two birds with one stone. CPF can probably pay a higher interest rate to citizen accounts when PR accounts are withheld, leading to a more comfortable retirement and possibly reinstatement of pension withdrawal age to 55.
Taxing is no good because this government when they have money, they will waste it by:
1) giving themselves a raise
2) building white elephants
3) buying new toys for the army
Withholding foreigner CPF for disbursement to citizens is killing two birds with one stone. CPF can probably pay a higher interest rate to citizen accounts when PR accounts are withheld, leading to a more comfortable retirement and possibly reinstatement of pension withdrawal age to 55.
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