facebookIs there a danger if I put so much into my CPF? What happens if there is a change in political power? Will it affect my CPF? - Seedly

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Anonymous

24 Nov 2019

SeedlyAMA

Is there a danger if I put so much into my CPF? What happens if there is a change in political power? Will it affect my CPF?

AMA 1M65

Discussion (10)

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Kelly Trinh

24 Nov 2019

Backoffice technical at financial services firm

Unlikely the government will just take your money; too much push back for that to happen.

However, if you are doing long term planning based on rules now; do note they could be adjusted - eg you might be thinking no problem to meet FRS until recently announced increase and so you would need to change your plans to suit.

Jason Sing

07 Jun 2019

School Of Hard Knocks And Life at School Of Hard Knocks And Life

Nothing is certain in investment. The political parties or climate may change. The interest rate of 2.5% for OA, 4% for MA and SA could also drop. Anything could happen and there is why you need to diversify your risk. Nonetheless, it is still better to build up your CPF because the risk is lower compared to other investment instruments. Just my humble opinion.

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Teo See Hwa

07 Jun 2019

MArketing Associate at Propnex

I took a loan of $200,000 from CPF for my 5 room HDB in 1995 for 25 years after I sold my 4 room HDB...

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