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DBS account "hacked" to pay IRAS

Tianmo

By Tianmo,
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Icedbs

Icedbs

Turbocharged

actually this auto deduction from bank account if you fail to pay your taxes is already well known. Most people already know it except this Ms. Yap who thinks her account kena hacked.

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Kb27

Kb27

Supersonic

So DBS need to update its terms and conditions and state big big,

 

DBS reserve the right to take your money as it deems fit !!!

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Tianmo

Tianmo

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  On 6/27/2014 at 7:04 AM, Icedbs said:

actually this auto deduction from bank account if you fail to pay your taxes is already well known. Most people already know it except this Ms. Yap who thinks her account kena hacked.

 

Most people already know???............are you sure???.............

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Icedbs

Icedbs

Turbocharged
  On 6/27/2014 at 7:09 AM, Tianmo said:

 

Most people already know???............are you sure???.............

 

Ya, I know it long ago and my circle of relatives and friends knew it too.

 

It was written on the statement where they ask you for payment. I remember reading it those statements.

 

 

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Nonpareil

Nonpareil

4th Gear
  On 6/27/2014 at 7:09 AM, Tianmo said:

 

Most people already know???............are you sure???.............

 

I, for one, always held the impression that the gov could access all POSB/DBS acc if needed to, thats why I've always held the belief in putting money in the other banks to keep it off gov hands

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Tianmo

Tianmo

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  On 6/27/2014 at 7:14 AM, Icedbs said:

 

Ya, I know it long ago and my circle of relatives and friends knew it too.

 

It was written on the statement where they ask you for payment. I remember reading it those statements.

 

 

 

you.. your relatives... and friends make up most of the people??

 

most of the people read whatever was written on the statement???...........

  On 6/27/2014 at 7:14 AM, Nonpareil said:

 

I, for one, always held the impression that the gov could access all POSB/DBS acc if needed to, thats why I've always held the belief in putting money in the other banks to keep it off gov hands

 

i would want to believe that as long as money is in a Singapore bank ( not just POSB/DBS).............they can have access if they wanted to...........

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Sabian

Sabian

Turbocharged
(edited)

Every country is like that one.

 

Owe the IRAS money, the taxman will issue garnishee order to all the banks to hunt your account down as long as it is a bank operating in SG, not just damn blardy stupid bank.

 

Owe $ Pay $ lor. So dua kee no need to pay tax or so busy can forget to pay tax? Other pple sibei free, nothing to do so can remember to pay tax?

 

Other pple forget other things kenna condemn until like hell, you "forget" to pay tax, it's the bank's fault or IRAS fault? Tattoo the reminder on your tummy lah.

Edited by Sabian
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Icedbs

Icedbs

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  On 6/27/2014 at 7:25 AM, Tianmo said:

 

you.. your relatives... and friends make up most of the people??

 

most of the people read whatever was written on the statement???...........

 

Whether they read or not I dunno, but it's an old news that they can access your account for taxes. I remember talking about this with friends, neighbours , colleagues, etc quite awhile ago and if my memory did not fail me, most did not express surprise.

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Jman888

Jman888

Moderator
  On 6/27/2014 at 7:30 AM, Watwheels said:

 

 

  Quote
Yesterday, Dr Khor said: "In all probability, Ms Yap mistakenly believed that she has no avenue to withdraw her Retirement Account Savings. It is unfortunate that this has led to some public misunderstanding.
"Thus, it is important for the Central Provident Fund Board to clarify any erroneous perceptions and address public concerns."
Both Dr Khor and the CPF Board explained in their statements that the CPF Board had notified Ms Yap four months before her drawdown age in 1998 that she could apply to receive monthly payouts from her RA.
The CPF Board said that Ms Yap was in contact with them subsequently to clarify some matters.
In 2012, in response to some queries Ms Yap had, the CPF Board reminded her she could start her monthly payouts any time, or withdraw her RA savings in a lump sum, provided she had property to pledge.
But again, the CPF Board did not receive any instructions from Ms Yap, Dr Khor said.

 

 

i thought she was a teacher?
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Tianmo

Tianmo

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  On 6/27/2014 at 7:33 AM, Icedbs said:

 

Whether they read or not I dunno, but it's an old news that they can access your account for taxes. I remember talking about this with friends, neighbours , colleagues, etc quite awhile ago and if my memory did not fail me, most did not express surprise.

 

if you had not talk about it awhile ago....it becomes not old news???............

 

so most were not surprise meaning some were surprise???..............

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Ahgong

Ahgong

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  On 6/27/2014 at 7:02 AM, Eviilusion said:

u think i leave in landed mei? Income tax but that was in early 90s. Now they seem to be 'progressing', can auto deduct from bank account.....xiao liao!

 

yep. power of govt. you trust the bank to keep your money. your bank pay govt first.

power rite?

 

I wonder if this is uniquely singapore or not. [furious]

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Ktglfc

Ktglfc

Hypersonic
  On 6/27/2014 at 7:04 AM, Icedbs said:

actually this auto deduction from bank account if you fail to pay your taxes is already well known. Most people already know it except this Ms. Yap who thinks her account kena hacked.

 

This means that not only our cpf money is not safe, even our money in banks are also not safe too :D

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Evillusion

Evillusion

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  On 6/27/2014 at 7:55 AM, Ktglfc said:

 

This means that not only our cpf money is not safe, even our money in banks are also not safe too :D

better put money inside my pillow......even my saliva is smellier than their interest nowadays!
  On 6/27/2014 at 7:54 AM, Ahgong said:

 

yep. power of govt. you trust the bank to keep your money. your bank pay govt first.

power rite?

 

I wonder if this is uniquely singapore or not. [furious]

Local banks especially the big ones are own by them! They can taobao what we owe the gov and sure kaotim wan!
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Somewhat1975

Somewhat1975

6th Gear
  On 6/27/2014 at 7:39 AM, Galantspeedz said:

read the article... why Ms yap need to pledge her property to withdraw her RA savings?

 

 

 

because her RA is not enough to meet the minimum sum.

Pledging property to minimum sum is different from collateral in bank loan. As long as you keep your property, nothing will be changed.

But if you sell your property, Part of your proceed will go to your RA to make up for the shortfall in minimum sum.

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Tianmo

Tianmo

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why don't they just deduct property taxes.....income taxes.....roadtaxes.....summons......whatever due to gov .................all from CPF..........all electronic........no need send reminder all pay on time...........save paper......save work for banks...post office.... whatever collection centre........... [laugh] [laugh]

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