CPF and SRS Fund

Is it right to include Central Provident Fund (“CPF”) saving as part of the networth? I think that one should include this sum of fund as part of the networth. Even though the majority of this sum of money can be withdrawn at the later age, it will be right to include as part of the networth. However, I will treat this sum of fund as the money which I do not see and  consider to be part of my retirement plan. I plan to quit my full-time employment at any point of time. CPF fund withdrawal is at least 15 years away from now. I feel that it is not right to consider it as part of my plan. The same also applies to Supplementary Retirement Scheme (“SRS”) which can be withdrawn in which 50% of the SRS withdrawals are taxable at retirement which currently stands at 62.

WTK

Author: firewtk

A middle-age Singaporean currently having a minimalist and simple lifestyle. I am not longer in full-time employment with effect from 1 May 2019. I try my very best to write one post per day on this blog. The purpose is to share my prevailing thoughts to interested readers. It is up to the interested readers to decide whether they want to take action in embarking on the FIRE journey. I do not gain anything from this blog and it is solely for sharing hopefully for the benefits of all interested reader. WTK

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