Small Change

The true cost of driving in Singapore

If you do not drive, you will have almost $500,000 more in your retirement fund

Going by the discourse on the Internet and coffee shops, few things get Singaporeans as worked up as food. One exception would be the Central Provident Fund (CPF).

It is understandable why CPF is an emotive topic. After all, Singaporeans feel, and rightly so, that the CPF is their retirement savings. And as such, they should be allowed to access as much of it as they wish when they retire.

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A version of this article appeared in the print edition of The Sunday Times on June 30, 2019, with the headline 'True cost of driving'. Print Edition | Subscribe