Explainer: Why is interest on Retirement Accounts not accrued once CPF Life payouts start, and how much will your family get when you die?
Without the risk-pooling mechanism shared by CPF Life members, one expert said that there would be no source for the funds to support those who live longer.
š°
https://tdy.sg/3uPBme2
@todayonlinesg
the whole point is to save on the compounding interests...............CPF will collapse since it is not sustainable.............so they desperate liao........
(01-03-2024, 04:58 PM)NapoleonĀ Porlumpar Wrote: [ -> ]the whole point is to save on the compounding interests...............CPF will collapse since it is not sustainable.............so they desperate liao........
Govt dun wanna fork out monies to feed long life ppl so ask same batch ppl feed and hope some will die to feed
To avoid taxes on wealth and on the rich the PAP crested CPF Life.....
CPF Life is a scheme that uses money contributed as interests to a common pool from those die early to feed those who die later......
Those who die earlier than age 89 not only go earlier their money is used to provide for those above that age.
Its a double penalty scheme to create tax savings on those could well afford to be taxed.
