CPF - Who's money is it anyways?

CloneMe72 SG

CPF is my money, then why am I paying interest to someone who is earning interest on my money when I use my money to buy flat?

CPF = Children-Parent Fund.
The govt won't take care of your young children, thus CPF. Because by the time you have earn enough to enjoy life, you will have half a foot in the coffin. Then when you reach the age to withdraw the money, you still have to draw it like a salary. That is you are still healthy to enjoy it.

Life is not getting better...

mahjong SG

CPF = Controlled personal fund.

u use them under the control of other people.
only if they say u can use then u use.
and there is a set of R&R to follow.
the banker will have all the say.

Hershey SG

[color=green]^5 Agree Agree Neutral

Xavier SG

Confiscated Personal Fund…its there and we cannot use it

mahjong SG

bor bian..... u dare to sound out meh
later kana fine.

P.S -> u cant use your CFP to pay u fine hor.