atans1

CPF: Imitate Oz?

In CPF, Financial competency, Financial planning on 03/05/2020 at 9:12 am

The Australian govt recently decided to allow people in financial distress to withdraw up to A$20,000 from their superannuation (pension) accounts. Australia has the world’s 4th largest pension fund system: A$3tn in assets.

The govt expects a withdrawal of A$30bn. Some industry experts think the final figure could be almost double that,

Difficult see the PAP govt imitating the Oz govt. Not so much on ideological grounds (Hard Truths), but because CPF funds are also used to make public housing “affordable”, and private housing more than just a dream. CPF is not juz saving for pensions.

  1. […] Imitate Oz? (Thoughts of a Cynical Investor)Why Not Give Us Access to Our Own CPF Special Account in these Special Times? (Investment […]

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