The debate over CPF have fizzled out. Just when you thought that we can carry on with our lives, the Prime Minister announced that it will be one of the main agendas in his National Day Rally speech next week.
It would seem that this time around, I am not expecting those small changes. The changes are likely to be dramatic that will affect us in many ways:
- How we serviced mortgages. This is bound to be a hot topic
- Whether a new private fund will be formed. Would this mean forced savings
- The changes to the composition of existing structures
It is likely whatever they put out, there are going to be naysayers about this (there will always be those #RETURNMYCPF crowd) but what concerns those most will be how this impacts them in their daily disposable income, retirement and housing needs.
The savvy folks wouldn’t want to contribute ......
