Asked by Anonymous

What are the pros and cons of opting out of the community fund? E.g. CDAC: $1/month, ECF: $9/month?

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  • Jason Sin
    Jason Sin
    Level 5. Genius
    Answered on 20 Sep 2018

    Don't think of pros and cons. Think how your $1 could make a difference to the lives of others. Contribute from the heart.

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  • Loh Tat Tian
    Loh Tat Tian, Complex Manager at Ocean IFM Pte Ltd
    Level 6. Master
    Answered on 20 Sep 2018

    Maybe people has yet to find out what CDAC does. I would suggest for you to go and find out ECF and CDAC. From what I know, they may deny benefits (which I believe most posters aren't even aware if they say no cons to opt out)

    Off-Hand I can remember is, you will not be able to apply for scholarships, nor receive help from CDAC (or subject to lots of scrutiny), simply because you opt out of it.

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  • Jeff Yeo
    Jeff Yeo, amateur Social contributor at School of social sharing
    Level 6. Master
    Answered on 20 Sep 2018

    Your dollar contribution helps students ! I got subsidies When I was a kid plus it give you tax rebates so i think it is good to contribute

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  • Amanda Phua
    Amanda Phua
    Level 3. Wonderkid
    Answered on 01 Jul 2018

    I tried doing a research and don't see any cons of opting out. So definitely you will save more after opting out!

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  • Nicholas Chan
    Nicholas Chan
    Level 5. Genius
    Answered on 20 Sep 2018

    Cons: U lose the 2.5x tax benefit. Pros: u help the less privilege

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  • Yong Kah Hwee
    Yong Kah Hwee
    Level 6. Master
    Answered on 20 Sep 2018

    cons: bad karma :(

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  • Gabriel Tham
    Gabriel Tham
    Top Contributor

    Top Contributor (Mar)

    Level 7. Grand Master
    Answered on 27 Jun 2018

    No Cons. Only pros. You save that extra $$. Its not just $1 actually, as your income increases it also increases.

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