Asked by Anonymous

How many of you include CPF in your networth? Our money or not our money?

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  • Clarence Chua
    Clarence Chua, Financial Planning Specialist at Prudential Assurance Singapore
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    Top Contributor (Apr)

    Level 6. Master
    Answered 2w ago

    Yes, you should include CPF monies in your networth. It’s ultimately your money 37% of your income (capped at 2220) goes into it every month!

    It’s an asset that many Singaporeans have not fully utilised!

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  • Gabriel Tham
    Gabriel Tham, Kenichi Tag Team Member at Tag Team
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    Top Contributor (Apr)

    Level 8. Wizard
    Answered 2w ago

    Of course....you can use it to buy a HDB. So yes, it is our money.

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  • Hariz Arthur Maloy
    Hariz Arthur Maloy, Independent Financial Advisor at Promiseland Independent
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    Top Contributor (Apr)

    Level 7. Grand Master
    Answered 2w ago

    Absolutely. Same way a WL death benefit is also part of your networth as it's an asset. Just unrealised gain.

    It's part of your networth that you may not see in total unless you outlive the national life expectancy age but it's your money and also your dependents money in the future.

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