Tag Archives: cpf

CPF’s Puzzling Investment Philosophy

By Gangasudhan / Image from Monetary Authority of Singapore The Central Provident Fund (CPF) Board invests the monies in the CPF into Special Singapore Government Securities (SSGS) which are guaranteed by the government but can only be used for investment purposes (and not government spending). The money itself thus becomes the funds of the Monetary Authority of Singapore (MAS) which then invests in …

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If the govt do not take risk in CPF then who?

By SY Lee and Leong Sze Hian We refer to the article “Parliament: Government has been looking at enhancing CPF Life “for a long time”” (Straits Times, May 29). The article states that Prime Minister Lee Hsien Loong has said the Government has been looking at how to improve the scheme “for a long time”, a day after He had said …

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How many ex-Singaporeans, PRs and foreigners back to Singapore and worked?

By SY Lee and Leong Sze Hian We refer to the article “CPF members leaving S’pore withdrew more than $400m each year from 2003 to 2013” (Channel NewsAsia, May 29). CPF: $426m withdrawn a year by those who leave Singapore? The article wrote that Mr Tan Chuan Jin, Minister for Manpower states that from 2003 to 2013, Central Provident Fund …

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CPF and beyond

By Tan Cheng Bock The current heated discussion on CPF boils down to a question of a lack of public trust. Most Singaporeans have high expectations of realising some cash after their retirement. Changes made to the CPF and the constant reminder that they may not have enough disposable income when they grow old, created a sense of insecurity. This …

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118% increase in Minimum Sum over 13 years

By SY Lee and Leong Sze Hian We refer to the article ”Singapore Parliament reopens: CPF schemes for retirement to be improved, says President Tony Tan” (Straits Times,  May 17). CPF schemes to be improved? It states that ” Among the Government’s goals in its second term is to ensure that Singaporeans are adequately prepared for retirement, with enough savings to …

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CPF Minimum sum: Retirement scheme, or money hoarding monster?

By SY Lee and Leong Sze Hian We refer to the announcement by the Ministry of Manpower and the Central Provident Fund (CPF) board that the CPF Minimum Sum will be raised to $155,000 from July 1. (press release) It states that the Minimum Sum will be raised to $155,000 for CPF members, up from $148,000 for those turning 55 between …

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Right form to be used or your money goes to nominees’ CPF

By SY Lee and Leong Sze Hian Thanks to a recent posting on facebook, we discovered that you can now choose to pay your CPF to your nominees’ CPF on your demise, instead of as the normal cash to your nominees. It is called the Enhanced Nomination Scheme (ENS) that has been available since 1 January 2011. But was this ever reported in the …

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