atans1

Old told homes are not ‘assets to pass on to offspring’

In CPF, Political governance, Public Administration on 14/10/2017 at 11:11 am

No not a PAP minister or MP telling S’poreans that yr HDB flat is not really yrs.

According to the UK’s media, the UK social care minister has suggested pensioners’ property is not “an asset to give to their off-spring” but could instead be sold to pay for their care needs.

Maybe she’s the kind of person, the PM should offer citizenship to and promise to fast track her into the cabinet? After all, the recent fiasco on what the AG advised the cabinet to do showed what a cock, Kee Chui Chan, one of candidates to be PM is.

Btw, we don’t have this problem In the Daily Mail newspaper, UK’s justice minister Phillip Lee warned that the UK is a “selfish” society where families shirk their duty by “outsourcing” the care of their elderly relatives.

Here we got laws to make sure that S’poreans, not the state, have to look after their elderly relatives, one reason why taxes here are “peanuts”.

Then there’s this:

But if you transfer your CPF to your parents’ or grandparents’ CPF, you could be solving a problem (their need for money) in a way that creates another problem (your retirement needs) worse. Ownself sabo ownself.

Worse the PAP administration will be laughing all the way to the bank if yr parents or grandparents die earlier than expected and they are on CPL Life, not the old CPF Retirement Sum Scheme. The bequest should be much lower compared to if they opted-in to CPF Life.

CPF changes: Rob Peter to Pay Paul and worse

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