More can afford properties after higher CPF contributions

[Leepee]

Those $4.5, both double income will exceed $8k ceiling. So you guys,I guess from some of the replies, must be belongto the private property group.

But for those below $4.5k monthly salary, it will have effect on their HDB choices and installement cash top up amount!

[Chewbacca]

What what?

 

1.5% only?

 

....sibe boliao leh. Better than nothing, I guess. But still, should be at least, like, 3% or something. Otherwise really difficult to feel anything.

 

Addon: Hope that it's a gradual thing. After this one we get another 1.5%. I hope.

Edited April 17, 2010 by Chewbacca

[TurboQQ]

okay noted and then?

 

Are you trying to get attention?

Please do not use such big fonts.

[TurboQQ]

Those $4.5, both double income will exceed $8k ceiling. So you guys,I guess from some of the replies, must be belongto the private property group.

But for those below $4.5k monthly salary, it will have effect on their HDB choices and installement cash top up amount!

 

Almost 20-30% of HDB owners have combine income of > $8K.. there are many loopholes.

I have seen these leeaches myself, they are pathetic

[TurboQQ]

We are not complaining without Facts...Just take a look at 5 - 8 yeasrs ago, does Singaporean complaint so much. Take a look at this article on how our PM defend on their high salary...

 

Singapore places great emphasis on governance & transparency: PM Lee

Channel NewsAsia

Channel NewsAsia - Saturday, April 17

 

* Send

* IM Story

* Print

 

[singapore places great emphasis on governance & transparency: PM Lee] Singapore places great emphasis on governance & transparency: PM Lee

 

SINGAPORE: Prime Minister Lee Hsien Loong said Singapore places great emphasis on corporate governance and transparency because it needs to set itself apart from other countries.

 

Otherwise, no one would set up banks or base their headquarters in Singapore.

 

In a half

[Throttle2]

CPF up 1%, hurray, I get to smoke 1 or 2 extra cigars a month!

 

cool!

 

 

[Falcon1668]

0.5% to Medisave, 0.5% to Special Account. Din know can pay using these 2 accounts

[Porche]

its only 1% and doing it in stages, the last increase will be 0.5% in march next yr. phew....say increase our income, increase his income better. how come this year their increment is 8%, what did they do to justify for the pay increment. the so called GIC administrative cost is so high. robbers

[TangoElite]

I really love this gov day by day.

Their CPF restoration implementation is really spot on to win my heart in voting and having 101% confidence in this gov!

 

When property is expensive, people maxed out the CPF to repayment. Some still need to top up.

 

Many people complain and this gov does listen to our issues!

 

If there is higher CPF contributions = more salary = more can buy bigger and more expensive properties using CPF.

 

YEAH!

 

 

 

TS, open your eyes wide and read the article carefully

 

the increase goes into special and medisave account, which CANNOT be used for housing

 

shut the whole thread, its a pure waste of time

 

yawnz

[Nutty]

Errrection cumming Sep 2010?

[Throttle2]

0.5% to Medisave, 0.5% to Special Account. Din know can pay using these 2 accounts

 

alamak, no extra cigars ?

 

 

[Tjkbeluga]

alamak, no extra cigars ?

 

 

Got... When you reach 55.

[Topgun]

Leopard never change its spots.

 

GE coming.

 

CPF restoration? Bah. Ya, you can withdraw and use while living costs, inflation going up everyday?

 

Tell you with one side of the mouth, the other side of the mouth tell u all, I AM LETTING IN MORE FOREIGNERS.

 

You got more CPF when employer cut your pay? Replace you with another FT?

 

Ptui ptui ptui

 

We are

[Jamesc]

whatever small amount helps.

 

Thats why gov is calling us ungrateful lot.

Give alittle....complain too little. Please lah.....better than nothing right?

What is there not to feel happy about this restoration....its a spacial case because our economy boomz in Q1 greatly this year.

Its our well deserved One-Off CPF restoration benefit !

 

Maybe just you

[GoodCar]

Not if you've already bought a property...

 

Anyway, it's high time that the employer's portion of the CPF be restored back to the 'normal' 20% level. If we wait longer, next recession will be on us... then the same excuses will be rolled out, and delay again

 

 

Last time total is 20%+20% with salary capped at $6000, now cap at $4500.

That time reduce also because need to rescue economy :(

[Sdf5725]

i sincerely believe that Singapore economy is improving but not ppl here.

Not because FT or Singaporean matter. It is because economy better because of more jobs offer. But the pay of the jobs are not better (not the minister of course). That is why a lot of working ppl here KPKB. Their pay is never really increase. Just that there are more sub 2K jobs available, everything started to increase.

[Perrierdua]

Please laa... how much only.... At most restore to 36%. That's only 1.5% of 4500 = SGD67.5. Some more split among 3 accounts.... Talk c--k....

 

Putting things into perspective..

[Hiphiphoray]

Ppl in those days can really accumulate a lot of CPF monies.

 

More CPF contributions, higher cap, more interest earned plus cheaper housing.

 

Ppl in the late 40's and 50's will know.

 

Hell a lot of diff.

 

Last time total is 20%+20% with salary capped at $6000, now cap at $4500.

That time reduce also because need to rescue economy :(

Edited May 2, 2010 by Hiphiphoray