Thursday, February 21, 2019

Withdrawal of savings from CPF

I give my views about the withdrawal of savings from the Central Provident Fund.

When CPF first started, the withdrawal age was 55 years. Now, a large portion of the CPF savings are deferred to age 70 and can only be taken out in monthly installments.

Many members are angry about the delay in withdrawals. They insist that they be allowed to take out all of their savings at age 55.

I like to give my views about this matter.
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