Why Don’t We Get 8.4% on Our CPF?
Read this article from Motley Fool about the Straits Times Index EFTs getting an annualised 8.4% over the past 10 years. While our CPF ordinary account is getting a miserly 2.5% that is getting beat by inflation. Although we can invest amounts above $20,000 in the CPF ordinary account into approved stocks and unit trust, this...
S’porean can’t buy HDB flat from outside SG
NSMen A letter in my post box today from a Singaporean wanting to return home. Any views? 'I am a Singaporean born, bred and who had done 2.5 years of national service. Since I was having difficulties getting a HDB flat and since I got a good job offer in Australia I decided to move for a few years and aimed to return after...
CPF minimum sum needs to be increased to $500,000
The current CPF minimum sum of $148,000 is insufficient to meet rising life expectancy and higher healthcare cost. Assuming people retire at 60 and live till 80, that is 20 years living expenses. CPF minimum sum should be at least $500,000 to be sufficient. This will equate to $25,000 per annum or $2,000 per month, which is...
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