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Published on Feb 24, 2016
Why all nationalities collect their CPF Savings from the Singapore CPF Board but a Singaporean's CPF Savings, refunded monthly is TAXED 100% by the Chief Executive of the NZ Ministry of Social Development who ruled that the monthly refunds can be seen as a periodic allowance quoting "The Oxford Online Dictionary defines 'allowance' as 'the amount of something that is permitted, especially within a set of regulations or for a specific purpose' BUT deviously omiting "your baggage allowance". Google www.oxforddictionaries.com/definition/english/allowance Oh what a tangled web we weave, when first we practice to deceive"