CPF Contribution on salary

[Stary]

tot it was 20%+20%???

 

Bro...you just came back from Mars huh?

[Kingcopa]

Lim Boon Heng, ex labour chief already say it wont go up to that rate. This will deter investor from coming.

[Stary]

that's bull.

 

Investor come or not does not depend on just their investment cost. It depends a lot on other factors. It is up to the authorities to improve on the other factors and not just a quick short cut by cutting CPF.

 

Now with even HDB at sky rocket prices, I wonder how those little CPF can really help.

[Phyllis]

r u singaporean or SPR (which year of gaining SPR)?? cos it make a diff in contribution rate

[Ccssgm]

their calculator has some kind of fixed formula button with these message printed on it in bold words...:

 

$$ goes up, wont come down

$$ goes down, wont go up.

 

 

Previous Becos Market is Bad they decrease CPF from Employer

Now Market is Good No action at all

Boss Everyday [laugh]

[Ccssgm]

Talking Rubblish

Throw him in the Chute [laugh]

[Chrispie]

See below for the retirement currency for most Singaporeans.

[Zanter]

Wait for So many Years

CPF still No Increase to 20% from Employer

Wat is the Garmen Doing [furious]

 

I remember someone in previous election promised to restore the CPF contributions which were cut cos of recession but till now they seemd to have conviniently forgotten. .

 

No way they will raise it now since they will say US sub-prime etc, but when you ask Botak he says no recession ley

[Ccssgm]

What the HELL $$$ [laugh]

[Tjkbeluga]

Good days are over. Back in those days, it's easy to accumulate money in CPF, imagine, 50% of your salary (25/25), ceiling at 8000 per month (if I'm not mistaken), high interest (6%), no ceiling on bonus. Now, 34.5% (20/14.5), ceiling at 4500, low interest (2.5%) and max total of 17 months (inclusive of any additional bonus). On top of that, housing is so much more expensive compared to last time. Basically, I feel CPF has lost it's main purpose. Chances of accumulating up a sizeable fund for retiring is diminishing.

[Megaweb]

I am wondering how those young couples manage their new housing loan > 300k

 

20% + 14.5% is enuff ?

[Ccssgm]

300K House

20% Downpayment = 60K

Young Couple Need to work How Long than Can Hav $60K

[Tjkbeluga]

Tough... Nowadays, max to OA is only about 1000. So even if both salary exceed 4.5K, max is 2K a month for the housing loan. Pok got good bonus lor... Then every year can offload, together with any additional money you can save up.

[Spikedoll]

[Ngck]

WTH man....

 

CPF rates go down, HDB price go up / plus annuity plan.... how to retire???

 

i wanna kill myself really

[Silver_blade]

Wait for So many Years

CPF still No Increase to 20% from Employer

Wat is the Garmen Doing [furious]

 

I remember someone in previous election promised to restore the CPF contributions which were cut cos of recession but till now they seemd to have conviniently forgotten. .

 

No way they will raise it now since they will say US sub-prime etc, but when you ask Botak he says no recession ley [laugh]they already say the raise will not materialize, cos that would make us less competitive....the world have changed so much since. Or at least that was what was said.

[Scoots]

We DON'T get to retire.... the correct term now is expire

Edited June 24, 2008 by Scoots

[Lebet]

our inflation hit high high this 2-months.

 

raising our CPF back to normal, would mean inflation, cost-push inflation.

 

our beloved gahment will never allow big-time employers to be squeezed in their pockets, and then they pack their bags go north where it's always cheaper to employ people.

 

So whose fault is it? The employers, or the gahment?

 

Well, the gahment tell you don't buy branded, rice is rice, bread is bread. so you think they will ever admit that cpf is not serving its purpose?