even then also very very unlikely to end up with 1million in CPF. And for those who do have that kind of money in their CPF they will definitely have a few more millions on hand so again, CPF monies not the the main source of finance for retirement.verykiasu2010 wrote:those who are older would recall that in the past, CPF used to be 50% of pay, 25% from employee and 25% from employer and no cap on CPF on bonus.....there are people with million $$ in CPF and this is tax free.....since the recession, they closed this loop hole
most people would have max-ed the CPF into housing and reserve cash for other purposes.....
And like you said, most of us would have maxed our CPF money for our housing so how much can there be left for retirement.