Wednesday, April 10, 2019

WOTC - Allow CPf savings to be taken out at 55

I asked this question in the Wisdom of the Crowd:

Will many CPF members lose their savings if allowed to be taken out at 55?

Here are the responses: (42 Votes)
69 % - Offer the members attractive schemes to keep with CPF voluntarily.
14 % - Make financial advice available to them for a modest fee.
10 % - Create approved schemes for them to invest outside CPF.
7 % - The savings are likely to disappear soon.

See the pie chart at: 
http://www.wisdomofthecrowd.sg/chart.aspx?ID=1268

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