23-05-2015, 06:12 PM
(23-05-2015, 05:25 PM)SpaceX Wrote: [ -> ]What will happen to it if the SRS account holder died? Is that still taxable?
Refer to post #100 of this thread.
(23-05-2015, 05:25 PM)SpaceX Wrote: [ -> ]What will happen to it if the SRS account holder died? Is that still taxable?
(23-05-2015, 06:10 PM)egghead Wrote: [ -> ](23-05-2015, 02:29 PM)CCUV Wrote: [ -> ]All the good things been said about SRS but have anyone considered the "shift in goal post" by the government. I think the shift in goal post in CPF is very well documented, from cpf investment bank buying share(last time every single dollar can go into stocks,to only 30% after meeting 20-40K min), extension of retirement age(they have being doing it), from capping withdrawn of housing use from special account,medisave life,cpf life etc. All these are sign that no policy regarding cpf including SRS are spare in the future. I can think of one potential rule change,for e.g withdrawal penalty are increase from 5 to 10% etc. I am abit wary of most government scheme. The good scheme might be one smart alex wanting to meet his KPI from turning bad. Food for thot
If you look at all the adjustments to CPF you mentioned, they were done in response to situation and circumstances. If you choose to call it shifting of goal posts, it means you do not understand why those changes were made.
(23-05-2015, 11:03 PM)Caelitus Wrote: [ -> ]When we invest, if external factors cause our initial projections on future earnings to be off target, we project again, monitor and act. If retirement age is extended because we are living longer, living cost is climbing and manpower pool is shrinking, why do we call it a shifting of goal posts?
If the revised framework is good enough, we should see the system running on its own till the next impetus for change. In my office, we always say that small changes come every 5 years and big changes every 10 years. A system that is late or resistant to making structural changes in response to a changed environment will be broken. The investing world is full of examples like this.
My humble opinion. Plan, project, monitor and act.
(23-05-2015, 07:59 PM)CCUV Wrote: [ -> ](23-05-2015, 06:10 PM)egghead Wrote: [ -> ](23-05-2015, 02:29 PM)CCUV Wrote: [ -> ]All the good things been said about SRS but have anyone considered the "shift in goal post" by the government. I think the shift in goal post in CPF is very well documented, from cpf investment bank buying share(last time every single dollar can go into stocks,to only 30% after meeting 20-40K min), extension of retirement age(they have being doing it), from capping withdrawn of housing use from special account,medisave life,cpf life etc. All these are sign that no policy regarding cpf including SRS are spare in the future. I can think of one potential rule change,for e.g withdrawal penalty are increase from 5 to 10% etc. I am abit wary of most government scheme. The good scheme might be one smart alex wanting to meet his KPI from turning bad. Food for thot
If you look at all the adjustments to CPF you mentioned, they were done in response to situation and circumstances. If you choose to call it shifting of goal posts, it means you do not understand why those changes were made.
You may have different view,i fully respect it but the bottomline is very clear,cpf members are been force to hold back their money from retirement, if everything was so good about our pension scheme which the big bro had been boasting about years of investment corp making x amount of return constantly ,there wouldn't be a need to delay. The state had fail it people in my view.
(23-05-2015, 07:59 PM)CCUV Wrote: [ -> ]You may have different view,i fully respect it but the bottomline is very clear,cpf members are been force to hold back their money from retirement, if everything was so good about our pension scheme which the big bro had been boasting about years of investment corp making x amount of return constantly ,there wouldn't be a need to delay. The state had fail it people in my view.
(23-05-2015, 07:59 PM)CCUV Wrote: [ -> ]You may have different view,i fully respect it but the bottomline is very clear,cpf members are been force to hold back their money from retirement, if everything was so good about our pension scheme which the big bro had been boasting about years of investment corp making x amount of return constantly ,there wouldn't be a need to delay. The state had fail it people in my view.
(19-05-2015, 02:58 PM)egghead Wrote: [ -> ]Under current rule - NO. However, I understand that they are now looking at allowing the withdrawer as you described.