How much of our returns derived from our CPF funds are kept by the Government?
I refer to the article “$180 million in Medisave top-ups for Pioneer Generation in 2018” (Straits Times, Jun 11).
It states that “A total of $180 million will be disbursed under this scheme for the year, the Ministry of Finance said on Monday (June 11).
The amount of Pioneer Generation Medisave top-up for each pioneer ranges from $200 to $800 annually for life, and is part of the Pioneer Generation Package which thanks pioneers for their contributions to the country.”
Since the Government keeps an undisclosed portion of the annual returns derived from our CPF funds, in excess of the interest rates paid on our CPF accounts – does it mean that from a cashflow perspective – we may not be spending any money at all?
Leong Sze Hian