CPF was "100 per cent safe''

(24-06-2014, 04:43 PM)kagemusha Wrote: While foreigners can withdraw all their money out from CPF once they leave Singapore, locals have no recourse.
Is this a perk for foreigners working here?

Also no NS , no in-camp training .

(24-06-2014, 04:43 PM)kagemusha Wrote: While foreigners can withdraw all their money out from CPF once they leave Singapore, locals have no recourse.
Is this a perk for foreigners working here?

This is a very common "doubt", and the "clarification" is abundant in Internet, and probably within VB.

Local has the same "perk". Once you decided to leave for good, you can do the same.

(24-06-2014, 04:58 PM)CityFarmer Wrote:

(24-06-2014, 04:43 PM)kagemusha Wrote: While foreigners can withdraw all their money out from CPF once they leave Singapore, locals have no recourse.
Is this a perk for foreigners working here?

This is a very common "doubt", and the "clarification" is abundant in Internet, and probably within VB.

Local has the same "perk". Once you decided to leave for good, you can do the same.

I cannot say local has the same perk. Foreigners leave SG to go back to their home country. We are leaving our home country.

There is a tendency of human being to compare UP (due to greed).
We rarely compare down (and lead to gratitude).

eg: Why my leg is not as long and smooth as that Supermodel?
I am just happy that I still have legs and I can walk (and that is what matters, no?).

This leads back to the spirit of invert (I guess I said too much of this, just can't stop once I started).

We are comparing Local vs Foreigner now.
then Middle income vs Rich? Male income vs Female income?
Why Dividend & Capital Gain are not taxed? while consumption is GST-ed?
There is no ends in sight.

(24-06-2014, 05:04 PM)GPD Wrote:

(24-06-2014, 04:58 PM)CityFarmer Wrote:

(24-06-2014, 04:43 PM)kagemusha Wrote: While foreigners can withdraw all their money out from CPF once they leave Singapore, locals have no recourse.
Is this a perk for foreigners working here?

This is a very common "doubt", and the "clarification" is abundant in Internet, and probably within VB.

Local has the same "perk". Once you decided to leave for good, you can do the same.

I cannot say local has the same perk. Foreigners leave SG to go back to their home country. We are leaving our home country.

The foreigners might not necessary go back to their home country, but migrating to new country. I reckon the CPF wouldn't care where you go, as long as the gov liabilities are discharged

(24-06-2014, 05:10 PM)CityFarmer Wrote:

(24-06-2014, 05:04 PM)GPD Wrote:

(24-06-2014, 04:58 PM)CityFarmer Wrote:

(24-06-2014, 04:43 PM)kagemusha Wrote: While foreigners can withdraw all their money out from CPF once they leave Singapore, locals have no recourse.
Is this a perk for foreigners working here?

This is a very common "doubt", and the "clarification" is abundant in Internet, and probably within VB.

Local has the same "perk". Once you decided to leave for good, you can do the same.

I cannot say local has the same perk. Foreigners leave SG to go back to their home country. We are leaving our home country.

The foreigners might not necessary go back to their home country, but migrating to new country. I reckon the CPF wouldn't care where you go, as long as the gov liabilities are discharged

That can be the case for foreigners. But Singaporeans leaving SG is giving up a other things like family, relatives and friends, etc. Foreigners wouldn't lose as much.

In some countries, they don't allow foreigners to withdraw their CPF/pension fund. They are only allowed to transfer to a CPF-like or another pension fund in their home/next country. I haven't read on CPF to know whether foreigners withdrawing CPF is the above or they simply regained total control of this monies.

(24-06-2014, 03:05 PM)investor101 Wrote: Why do we need to up our social responsibility towards these people?

Some of them want to take out some money to tide their family over a rough patch or to sponsor their kids' private education. When we do not let them use their CPF money, we already won't hold ourselves responsible due to their missed opportunities or for their financial hardship while they struggle without help from their locked-up CPF money.

So, if they use up their money early and need more money, why do we need to be responsible for them?

In any case, are we being responsible towards them now? When you see an old man in frail health cleaning toilets for long hours for a pittance, do you feel any social responsibility for him? Or you simply just move on.

Life is like that. Our society already makes it clear that it is every man for himself. Given such a mentality, I really hate to see what would happen should war break out. I wonder how many Singaporeans would stay and fight. But that is for a different thread.

I like your thinking. I had this thought too.

(24-06-2014, 07:38 PM)izam Wrote:

(24-06-2014, 03:05 PM)investor101 Wrote: Why do we need to up our social responsibility towards these people?

Some of them want to take out some money to tide their family over a rough patch or to sponsor their kids' private education. When we do not let them use their CPF money, we already won't hold ourselves responsible due to their missed opportunities or for their financial hardship while they struggle without help from their locked-up CPF money.

So, if they use up their money early and need more money, why do we need to be responsible for them?

In any case, are we being responsible towards them now? When you see an old man in frail health cleaning toilets for long hours for a pittance, do you feel any social responsibility for him? Or you simply just move on.

Life is like that. Our society already makes it clear that it is every man for himself. Given such a mentality, I really hate to see what would happen should war break out. I wonder how many Singaporeans would stay and fight. But that is for a different thread.

I like your thinking. I had this thought too.

Good one..

If war breaks out, I will run..
I am not ashamed to share this...

Unless my family can be kept safe, running away is my 1st priority..
If cannot run away, then fight to survive lor...

C'mon, what is there to defend in this country anyway??

Now is already 60% citizens only...

We do not own any assets in SG anyway.. HDB is not an asset...
I will not risk my life to defend the Good Class Bungalows of the rich and PAP MPs...

At the rate rich millionaires coming into SG and farked up benefits between Foreigners vs Citizens... I really do feel 2nd class in my own country burdened with NS liabilities..

Everywhere I go in SG, I feel outnumbered by foreigners... Only when I serve NS, and attending rallies by opposition, then I am surrounded by Singaporeans...

I have already given up on this country and now I am just trying to save as much as possible in the midst of setting up a family and also planning my exit strategy..

I also stopped viewing CPF as my money long ago...

(24-06-2014, 07:58 PM)Zelphon Wrote:

(24-06-2014, 07:38 PM)izam Wrote:

(24-06-2014, 03:05 PM)investor101 Wrote: Why do we need to up our social responsibility towards these people?

Some of them want to take out some money to tide their family over a rough patch or to sponsor their kids' private education. When we do not let them use their CPF money, we already won't hold ourselves responsible due to their missed opportunities or for their financial hardship while they struggle without help from their locked-up CPF money.

So, if they use up their money early and need more money, why do we need to be responsible for them?

In any case, are we being responsible towards them now? When you see an old man in frail health cleaning toilets for long hours for a pittance, do you feel any social responsibility for him? Or you simply just move on.

Life is like that. Our society already makes it clear that it is every man for himself. Given such a mentality, I really hate to see what would happen should war break out. I wonder how many Singaporeans would stay and fight. But that is for a different thread.

I like your thinking. I had this thought too.

Good one..

If war breaks out, I will run..
I am not ashamed to share this...

Unless my family can be kept safe, running away is my 1st priority..
If cannot run away, then fight to survive lor...

C'mon, what is there to defend in this country anyway??

Now is already 60% citizens only...

We do not own any assets in SG anyway.. HDB is not an asset...
I will not risk my life to defend the Good Class Bungalows of the rich and PAP MPs...

At the rate rich millionaires coming into SG and farked up benefits between Foreigners vs Citizens... I really do feel 2nd class in my own country burdened with NS liabilities..

Everywhere I go in SG, I feel outnumbered by foreigners... Only when I serve NS, and attending rallies by opposition, then I am surrounded by Singaporeans...

I have already given up on this country and now I am just trying to save as much as possible in the midst of setting up a family and also planning my exit strategy..

I also stopped viewing CPF as my money long ago...

The hard turth is that the rich will not stay behind too...they have more money/gold/silver than u.Who do u think the other countries will take in?Do u think u can afford a plane tickets during war time?Do u have a house in other country?
Like we have a choice...Those left behind are usually the middle class. Stop behaving like kids and grow a backbone. During war i will charge frontline and protect Singapore because we don't really have a choice. If we don't protect, we die sooner or later.

(24-06-2014, 05:29 PM)GPD Wrote: In some countries, they don't allow foreigners to withdraw their CPF/pension fund. They are only allowed to transfer to a CPF-like or another pension fund in their home/next country. I haven't read on CPF to know whether foreigners withdrawing CPF is the above or they simply regained total control of this monies.

If the CPF is transferable to their home/next country, and have similar discharge of liabilities, there is no reason not to do so.