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AC Media
Salary 379 in Singapore
If you don’t save, you will be punished.
acmedia.co.kr [In Singapore, you will be punished if you do not save 37% of your salary
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Saving is not a ‘choice’ in this country. It is a duty established by law.
Singapore introduced the CPF (Central Provident Fund) in 1955.
According to the province, citizens and companies are forced to save up to 3,796 units of their monthly salary.
I have to do it.
It is not just a simple piggy bank, but is automatically used as a home purchase, retirement fund, etc.
It is a classified national compulsory accumulation system.
CPF is managed in an individual’s name, but cannot be withdrawn at will. but
You can use some of it to buy a house or pay for medical expenses and education.
Rather than ‘my money that cannot be used’, it is my money that can only be used for a specific purpose.
The remaining amount is paid in the form of an annuity at the time of retirement.
The employer must deduct a portion from the employee’s salary and bring it in for two days.
Violation will result in a fine of up to 10,000 Singapore dollars (approximately 10 million won) or imprisonment of up to 6 months.
You may be subject to imprisonment.
The Singapore government said for two days that it is a “device that institutionally guarantees citizens’ responsibility.”
explain.
This system has been maintained for nearly 70 years and Singapore has the world’s highest savings rate.
It cannot be made into a country. Own a house through the people’s 909ga1 CPF framework
Aging anti-Geunul is at the lowest level in Ashiya. Although I ‘forced’ it to start, the result was
‘Stable wealth’ was discovered.
Experts say that “institutional coercion, rather than voluntary frugality, is the key to long-term economic stability.”
It is evaluated as “high”. However, there is talk of lack of liquidity due to limited withdrawals.
Ran also exists. Nevertheless, CPF still supports Singapore’s economic framework.
It is the strongest pillar of the rice field.