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Showing results for tags 'Divorced'.
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https://mothership.sg/2018/05/married-couple-divorced-buy-hdb-flat-as-single/?nlarticleid=11561273 Husband and wife agree to a divorce of convenience A husband and wife in Singapore had apparently agreed to divorce — just so that they can each own a HDB flat. This was after they figured marriage is just a status, and by divorcing, they can unlock their Central Provident Fund monies in a different way. Wife bought another flat under singles scheme The couple originally bought a HDB flat together when they got married. It was paid for using the husband’s CPF. The husband is now a cab driver. He is likely to be 54 this year, or somewhere in his mid-fifties. He claims he cannot withdraw his CPF money by next year because it does not meet the Minimum Sum, or Retirement Sum, which is the minimum amount of money needed in your CPF account when you turn 55 before withdrawals can be made. The wife too will not be able to withdraw any CPF money in a few years’ time, since she also does not meet the minimum sum. The plan Husband and wife then divorced. On paper. But they are obviously still very much together. This frees up the wife to buy a HDB flat of her own as a single under the Single Singapore Citizen (SSC) scheme. She is able to get a housing grant for the flat as a second-timer single Singapore citizen applicant. She can pay for it with her CPF — which otherwise would be locked in once she turns 55. The man now owns the first flat as a single. Rental income Since he has lived in the house for longer than the five-year Minimum Occupation Period, he is able to rent it out. The husband then proceeds to live with his now ex-wife in the new flat, while both enjoy the passive income from the rental of the first matrimonial flat — said to be about $2,500 monthly.
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I used to surf MyCar Forum then on the way, check out used car via the link on top right hand corner. But Last few days ago I noticed the link no more up there liao. As I typed, I double checked. Confirmed and double confirmed link not there. Has there anything happened that I sotong not aware of?
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- MyCarForum
- Divorced
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Any bros here sperated with their wives but not yet offically divorced?... still living in the same house? different room? or living seperated already?...