The CPF Advisory Panel gathered the thoughts and suggestions from Singaporeans regarding the CPF and has proposed a couple of changes prior to Budget 2015. We explore what these CPF changes mean for you.
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The CPF is one of the most emotive issues in Singapore and always generates a maelstrom of controversy and discussion every time a new change is announced to the system. For Budget 2015, the CPF Advisory Panel, which was formed in September 2014, gathered the thoughts and suggestions of a broad spectrum of Singaporeans before deciding on the tweaks to the CPF system.
READ: Comments on 5 CPF Myths Busted
One of the most worrying concerns that we have about the CPF system is how misunderstood it is among many Singaporeans. So, we’re happy that the recommendations by the CPF Advisory Panel look like they’re trying to rectify this issue by simplifying all the different ......