Poor died penniless but with big sum of money in his CPF

last SG · 2011-02-15T00:25:35+00:00

ask ocbc not me too bad, too late.

Wiser SG

it's the way you people talk about CPF , as if it is totally locked up . You didn't mention the other side of it.

CPF can be used to make payments for flat, education, investment and medical fees.

How come you conveniently ignored this part ?

charlize SG

People generally like to lock up all their money in cpf, never to see it even till the day they pass on.

Really.

FBFIce SG

it's the way you people talk about CPF , as if it is totally locked up . You didn't mention the other side of it.

CPF can be used to make payments for flat, education, investment and medical fees.

How come you conveniently ignored this part ?

why cant u pay from yr own pocket?

do i need them to keep my money?

Wiser SG

hungry men looking at their money and can't used it to gamble, keep women in Batam and play around. Sad isn't it ?

But it can be used to pay for your hospital bills, invest , pay for your education and that of your children and your home. It can also be left behind for your family.

FBFIce SG

hungry men looking at their money and can't used it to gamble, keep women in Batam and play around. Sad isn't it ?

But it can be used to pay for your hospital bills, invest , pay for your education and that of your children and your home. It can also be left behind for your family.

so yr worry is tat yr hubby fooling around if he got money?

u have no faith in yr hubby or yrself?

Karliangg SG

CPF can't be used to pay for medical bills right?? I'm not sure about the exact amount but there is a certain percentage allocated only to med funds and Medicare.

What I know is that CPF can be used to buy house, pay for studies... but when a man like the woman's brother has no need for a bigger house or further studies why can't he be allowed to channel $ into paying for medical bills?

Wiser SG

CPF can't be used to pay for medical bills right?? I'm not sure about the exact amount but there is a certain percentage allocated only to med funds and Medicare.

you can use medisave to buy medishield which will cover 90% of the hospital bills.

you can also transfer your ordinary account money into special account and medisave account.

Which country you are from ?

dragg SG

it's the way you people talk about CPF , as if it is totally locked up . You didn't mention the other side of it.

CPF can be used to make payments for flat, education, investment and medical fees.

How come you conveniently ignored this part ?

ignore? if we want to make payments for all those things you mentioned why cant we pay it ourselves? why the need to have a cpf board to pay for us?

you dont get the point right?

the board serves no purpose but to lock up our money. its our money and we should have the right to decide when and how we want to spend it.

charlize SG

Do I need to repeat the analogy of saving money in a bank?

Here it goes:

You put money into a bank over the years and 30 years later, you want to take your money out. But no, the bank tells you that they cannot return you your money because they are afraid you will squander it on gambling at the casinoes or splurging it on your mistresses. Instead the bank says, why not I return you $50 a month instead of you taking out the whole full sum?

And Singaporeans are fine with it.

Wiser SG

how many working people managed to save ? if not for this cpf , many can't even pay for the flat ( already many owed credit cards debts).

CPF board does pay interest rate . It's still savings + interest rates.

Wiser SG

Don't over-estimate the self control of adults on their spending habits.

and men who will use wealth for other purposes instead of a cosy retirement.

βέτά SG

If people can't be trusted to managed their finances or their own affairs, then perhaps the government should control ALL the money Singaporeans earn.

Since they can't be trusted to make right healthy eating choices, investment choices, charitable donations, etc.

Perhaps the government should manage how Singaporeans eat live work and play. Everybody should receive the same pay.

Hey!

Wait a second!

Isn't this communism?

The concept of democracy is you have a choice in how you choose to live your life, as opposed to dictatorship or communism.

βέτά SG

Everybody is a unique, everybody has their own aspirations and choices.

An event that happened to afew person should not be taken as a full representation of the total population.

One womaniser in a population does not equate to whole population being womanisers.

Perhaps Wiser had a traumatic childhood and is making an unfair generalisation of the whole population.

Let me guess, your daddy ran off with another woman?

My sympathies to you, your mom and your siblings.

Whatever childhood trauma sustain will unravel itself during adulthood.

βέτά SG

CPF interest rates doesn't even cover you for inflation.

You actually lose purchasing power when money is left in CPF.

Even if you don't lose purchasing power (maybe you breakeven), the government enforces a minimum sum that traps your money in there.

Like the case of this person who died with a small fortune in his CPF. He was in the terminal stages of his disease, chances of recovery is zero. He is dying within weeks and you want him to keep a minimum sum in his CPF to see him through his old age.

Enforcing a minimum sum benefits the PAP government, it's even more beneficial when less Singaporeans are marrying and having children, it just means that when you die, you have a $100k minimum sum in your CPF, the government benefits from the minimum sum you have left in there, since you can bequeath it to anybody.

The PAP government actually profits from your death if you don't have any descendants.

Wiser SG

Well, my Dad is a very senior PAP member.

The structure of Singapore politics is not by any way communism. Do not mis-use the terms to win in your arguement.

CPF works in the sense that it can be used to pay for the most important necessities for the citizens. It is still cash used by the citizens for their flats, medical bills, education and future investments.

What you people want is just money out to spend as you wish. Which many working adults are already doing with their salary and owing debts/credit cards or overspending on unnecessary stuff.

CPF is good. It stopped people from quandering away their hard earned money.

Wiser SG

well beta, the minimum sum can be left behind not only to your children but your siblings and anyone you write in your will.

Why didn't you bring up this fact ? the money is still passed on to your family members and even friends if you bother to set up a will.

In the case of this deceased brother, we do not know the full story. What he has contracted, why he could not used his cpf and why he has a lot of cpf but didn't transfer it to medisave for his hospital bills. Why he didn't buy medishield to cover?

So from one single case, you people are going to banish the benefits of cpf ?

βέτά SG

Well, my Dad is a very senior PAP member.

The structure of Singapore politics is not by any way communism. Do not mis-use the terms to win in your arguement.

What you people want is just money out to spend as you wish. Which many working adults are already doing with their salary and owing debts/credit cards or overspending on unnecessary stuff.

CPF is good. It stopped people from quandering away their hard earned money.

By denying people choices, aren't you propagating communism or dictatorship?

Not everybody squanders away everything, you should not apply afew cases on 100% of the population.

If you think everybody squanders or gambles away money.

Why did the PAP government approve of the Casinos?

You seriously think that they care about Singaporeans welfare?

Askingyouto SG

Well, my Dad is a very senior PAP member.

The structure of Singapore politics is not by any way communism. Do not mis-use the terms to win in your arguement.

What you people want is just money out to spend as you wish. Which many working adults are already doing with their salary and owing debts/credit cards or overspending on unnecessary stuff.

CPF is good. It stopped people from quandering away their hard earned money.

It is a good idea when it started but now it is a bad idea. The government is not paying proper attentions to the need of the people.

βέτά SG

Well, my Dad is a very senior PAP member.

The structure of Singapore politics is not by any way communism. Do not mis-use the terms to win in your arguement.

What you people want is just money out to spend as you wish. Which many working adults are already doing with their salary and owing debts/credit cards or overspending on unnecessary stuff.

CPF is good. It stopped people from quandering away their hard earned money.

Talk about flats and healthcare, both which have been highly inflated by the PAP government.

dragg SG

Well, my Dad is a very senior PAP member.

The structure of Singapore politics is not by any way communism. Do not mis-use the terms to win in your arguement.

What you people want is just money out to spend as you wish. Which many working adults are already doing with their salary and owing debts/credit cards or overspending on unnecessary stuff.

CPF is good. It stopped people from quandering away their hard earned money.

you should consider putting all your cash savings into your cpf account since you think so highly of the scheme. it'll stop you and your family from squandering away your hard-earned money.

dont leave a single cent in the bank ok? you may on impulse squander it all away.

« Previous Page Next Page »