By The Boy Who Procrastinates - February 04, 2019
For the past decade, the restriction on the withdrawal of CPF funds and its reliability as a retirement solution has remained a perennial concern among Singaporeans, particularly for the senior generation. In addition, the national pension system has often drawn flaks for its annual increment in the minimum retirement sum.
Regardless of the sentiment, the CPF will continue to be a hot button issue among Singaporeans. Similarly for me, it has remained at the forefront of the conversations that I have with my friends, especially when we have reached the ideal age range and of stable financial capabilities for BTO.
As 20% of our monthly salary is being stashed away in CPF, I feel that it is perhaps time to go back to the basics and understand this pension system better. For that reason, I would like to...