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Truth Exposed: The Dirty CPF-HDB Scheme To Trick Singaporeans

And this just makes me even more likely to decide to emigrate by getting a chance to study abroad. Costs are nothing, when compared to having to put up with this.

The Heart Truths

By Singapore Singaporeans and Roy Ngerng

(Please note that this is a two-page article.)

Page 1, 2

There is something very insidious about the CPF – something that they have never told you. Today, let’s uncover the truth about the CPF and find out its true colours for ourselves.

Let’s jump straight in.

Do you know that if you had started work at the age of 21 in 2001 and earn a median wage, by the time you are 55, you should have accumulated almost $700,000 in your Ordinary and Special Account (OSA) (Chart 1)?

Slide2

Chart 1

But why is this not happening to many Singaporeans?

According to Leong Sze Hian, he estimated that only 1 in 8 Singaporeans are able…

View original post 6,594 more words

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