Piyopico Supercharged February 29, 2012 Share February 29, 2012 Any one knows why the interest for these two schemes differ by so much? 2.5% against 6%. It is not just for the last few years.......... Are the Malaysian investment doing so much better? Do they dip into their reserves? Ever been raised in Parliament? Serious discussion pls. ↡ Advertisement Link to post Share on other sites More sharing options...
Without_a_car Clutched February 29, 2012 Share February 29, 2012 One government more charitable, the other more tight fisted? Link to post Share on other sites More sharing options...
Tianake 2nd Gear February 29, 2012 Share February 29, 2012 For those who is not familar with EPF. http://en.wikipedia.org/wiki/Employees_Provident_Fund Link to post Share on other sites More sharing options...
Tjkbeluga 5th Gear February 29, 2012 Share February 29, 2012 Any one knows why the interest for these two schemes differ by so much? 2.5% against 6%. It is not just for the last few years.......... Are the Malaysian investment doing so much better? Do they dip into their reserves? Ever been raised in Parliament? Serious discussion pls. Indeed high... but their borrowing interest rate is also high.... Try taking a house or car loan in MY and you will know.... Link to post Share on other sites More sharing options...
Royho1979 Clutched February 29, 2012 Share February 29, 2012 Indeed high... but their borrowing interest rate is also high.... Try taking a house or car loan in MY and you will know.... But Temasek and GIC mentioned that their long term growth is almost 10%(maybe wrong but I am sure its high). If so, cant they peg the CPF rates to match inflation. Afterall CPF is for retirement? They can keep the balance. Link to post Share on other sites More sharing options...
Piyopico Supercharged February 29, 2012 Author Share February 29, 2012 From 1983 onwards the EPF gave a min of 4.25%. You mean the cost of borrowing never dipped below 4.25% in all these years? Link to post Share on other sites More sharing options...
Without_a_car Clutched February 29, 2012 Share February 29, 2012 But Temasek and GIC mentioned that their long term growth is almost 10%(maybe wrong but I am sure its high). If so, cant they peg the CPF rates to match inflation. Afterall CPF is for retirement? They can keep the balance. if you have a big nest egg, how to ask you work beyond 65? Link to post Share on other sites More sharing options...
Wt_know Supersonic February 29, 2012 Share February 29, 2012 that's why WP question CPF rate is < inflation rate does that means CPF member is "actually" losing money? Link to post Share on other sites More sharing options...
Ben5266 Supercharged February 29, 2012 Share February 29, 2012 Any one knows why the interest for these two schemes differ by so much? 2.5% against 6%. It is not just for the last few years.......... Are the Malaysian investment doing so much better? Do they dip into their reserves? Ever been raised in Parliament? Serious discussion pls. Singapore credit rating is AAA so 2.5% is A LOT already. Malaysia credit rating is ??? so 6% is very low for thier risk level. ... actually I guessing only... Link to post Share on other sites More sharing options...
Piyopico Supercharged February 29, 2012 Author Share February 29, 2012 Singapore credit rating is AAA so 2.5% is A LOT already. Malaysia credit rating is ??? so 6% is very low for thier risk level. ... actually I guessing only... Ooi what you say makes no sense la. Link to post Share on other sites More sharing options...
Tom_kkh 1st Gear February 29, 2012 Share February 29, 2012 Any one knows why the interest for these two schemes differ by so much? 2.5% against 6%. It is not just for the last few years.......... Are the Malaysian investment doing so much better? Do they dip into their reserves? Ever been raised in Parliament? Serious discussion pls. malaysia government has predicted malaysia to be bankrupt by 2020 Link to post Share on other sites More sharing options...
Scb11980 1st Gear February 29, 2012 Share February 29, 2012 malaysia government has predicted malaysia to be bankrupt by 2020 at least they are open and transparent in that terms singapore with all the secrecy how do you know if singapore is not already bankrupt but using statistics to cheat Link to post Share on other sites More sharing options...
Juzzme 3rd Gear February 29, 2012 Share February 29, 2012 that's why WP question CPF rate is < inflation rate does that means CPF member is "actually" losing money? Without the CPF scheme, our loss would be even more. We would have even less for 'retirement'. Can expect that to be the answer given.... Link to post Share on other sites More sharing options...
Tom_kkh 1st Gear February 29, 2012 Share February 29, 2012 at least they are open and transparent in that terms singapore with all the secrecy how do you know if singapore is not already bankrupt but using statistics to cheat every month CPF and COE collection not enough? many countries also owe us lui.... Link to post Share on other sites More sharing options...
Without_a_car Clutched February 29, 2012 Share February 29, 2012 at least they are open and transparent in that terms singapore with all the secrecy how do you know if singapore is not already bankrupt but using statistics to cheat they show you a virtual figure online, printed statements? Link to post Share on other sites More sharing options...
Piyopico Supercharged February 29, 2012 Author Share February 29, 2012 And why 4% for medisave and special account but not ordinary account? Link to post Share on other sites More sharing options...
Maroon5 5th Gear February 29, 2012 Share February 29, 2012 its interest rate related in the MY case but seriously our CPF is jus a can of worms. and now someone try to lift the lid again. yes the inflation outstrips the interest rate - value erode every year, and comparing to typical bond issues for funds, the issuer pays at least coupon int of 4-5% - we shd be happy w 2.5%. Link to post Share on other sites More sharing options...
Scb11980 1st Gear February 29, 2012 Share February 29, 2012 every month CPF and COE collection not enough? many countries also owe us lui.... that is where you are wrong we have a national debt this debt is a loan from the people of singapore where it comes from your cpf ↡ Advertisement Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now