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

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

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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”:

tan-chuan-jin-cpf

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

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