Govt confirms CPF money is your money if you think it is, not your money if you think it isn’t

Posted on 05 March 2015

It is what you think it is.

The Singapore government has confirmed once and for all that money in your Central Provident Fund account belongs to whoever Singaporeans think it belongs to.

This after Minister Tan Chuan-Jin said in May 2014 that “Money in CPF account is your money”:


On the other hand, Prime Minister Lee Hsien Loong said on March 4, 2015, almost a year later, that CPF money can also be thought of as not your money.


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One government spokesperson, Kong Chee Kim, has since come out to clarify this confusion about who exactly does your CPF money belong to: “Your CPF money can, in fact, be anything you imagine it to be.”

“If you think your CPF money belongs to you, then it belongs to you.”

“If you think the CPF money doesn’t belong to you, then it doesn’t belong to you but to someone else, as a collective pool of funds for everyone’s use or locked up as part of the state’s coffers that drives the economy as it is used to finance spending.”

“Actually, to tell you the truth, this is something almost all Singaporeans don’t realise: Ask not if the CPF money belongs to you or doesn’t belong to you. Ask whether you, as a Singaporean, belong to the CPF?”


Your CPF is like The Dress. Everybody sees it differently:

CPF blogger Roy Ngerng says dress is black & blue after PM Lee said it’s white & gold

This post was written by:

- who has written 2685 posts on New Nation.

Wang Pei can be considered a new citizen of Singapore. She has been here all her life, just that her environment's changed beyond recognition.

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  • Hen Fu Zha

    lol, it’s complex. My money is my money, your money is my/ our money


    hi dear, your kids and my kids are fighting with our kids!