X
theAsianparent Logo
theAsianparent Logo
Product GuideSign in
  • Awards
    • Parents' Choice Awards 2023
  • Pregnancy
    • Due date calculator
    • I'm pregnant
    • Trying To Conceive
    • Labour
    • After birth
    • Baby loss
  • Parenting
    • Parent's Guide
    • Relationship & Sex
  • Child
    • Newborn
    • Baby
    • Toddler
    • Pre-Schooler
    • Kid
    • Pre-Teen & Teen
  • Feeding & Nutrition
    • Diseases-Injuries
    • Breastfeeding & Formula
    • Meal Planner
    • Health
    • Allergies & Conditions
    • Vaccinations
  • Education
    • Pre-School
    • Primary School
    • Secondary School
    • Primary School Directory
  • Lifestyle
    • Money
    • Travel & Leisure
    • Fashion
    • Home
    • Fitness
    • Contests & promotions
  • News
    • International
    • Health
    • Celebrity
    • Singapore
  • TAP Recommends
  • Shopping
  • Press Releases
  • Project Sidekicks
  • Community
  • Advertise With Us
  • Contact Us
  • Become A Contributor
  • VIP

The PAP’s Women’s Wing calls for voluntary CPF top-up for stay-at-home mothers

3 min read
The PAP’s Women’s Wing calls for voluntary CPF top-up for stay-at-home mothers

The recent call by the Women's Wing of the PAP for husbands to make voluntary contributions to their stay-at- home wives' CPF accounts was reported in the media recently. Read all about it here.

At a special meeting held on the 28th of February, the Women’s Wing of the People’s Action Party (PAP) called on husbands to make voluntary contributions to their-stay-at home wives’ Central Provident Fund (CPF) accounts. This goes for unmarried working children, too, who are called to contribute to their non-working mothers’ CPF.

CPF top-up for stay-at-home mothers

Stay-at-home mums do not receive any remuneration for foregoing their careers to look after their kids.

The request was made with the concern that stay-at-home mothers will have little savings to draw upon in their retirement years.

A statement released by the Women’s Wing says, “For stay-at-home mothers, we are especially concerned that they do not get to benefit from the CPF system.

“As they do not receive formal payment and CPF contributions for their care-giving, they do not enjoy the attractive interest rates paid on CPF balances and the positive effects of interest compounding.”

The group urges the government to “raise awareness of the benefits of such top-ups and the availability of GIRO transfer options.”

CPF top-up for stay-at-home mothers

CPF top-up for stay-at-home mothers: The new proposal aims to assure that stay-at-home mums will have savings when they are in their ‘golden years’.

The PAP also thinks that it is important that stay-at-home mothers keep their skills up-to-date. This is so that their employability does not decrease and they can take advantage of SkillsFuture Credits. This national initiative helps workers and students acquire and update their skills during their work lives.

The PAP Women’s Wing prods the government to consider allowing husbands and children to make partial transfers of their unused SkillsFuture Credits to provide better support to stay-at-home mums.

Keep reading for pros and cons of CPF top-up for stay-at-home mothers and answer our poll on the next page…

Pros and cons of this move

There are pros and cons to consider regarding this call to action of CPF top-up for stay-at-home mothers.

A definite positive is that stay-at-home mums will have more financial security in the future. This will possibly negate their need to work in their golden years just to get by.

However, families will feel the pressure of the reduced take-home income and will have to cut back on family spending in the present. Stay-at-home mums may even feel pressured to return to work full time.

CPF top-up for stay-at-home mothers

The call for CPF contributions for Stay-at-home mums may not have been received as positively as the Women’s Wing of the PAP hoped.

Parents’ reaction

As one would imagine, this proposal for CPF top-up for stay-at-home mothers has been met with outrage online by both stay-at-home mums and their husbands. In general, they feel that the move will reduce their household’s disposable income.

As a dad speaking to the redwiretimes.com succinctly puts it, “Sure, I can pay more CPF for my wife. But what are my two my sons going to eat?”

Others have questioned why the family has to shoulder the contribution when the government has not helped in raising salaries in the first place. Some also pointed out that Singaporean households are currently suffering from high prices and underemployment – and that they simply cannot afford making the monthly CPF top-ups.

CPF top-up for stay-at-home mothers

The proposal by the Women’s Wing of the PAP doesn’t seem to be going down too well with the general public.

Tell us what you think!

Answer this poll to let us know what you feel about CPF top-up for stay-at-home mothers…

[polldaddy poll=”8711510″]

* The views and quotes featured here do not represent that of the Asianparent.com or that of the writer.

Parents, we’d like to know what you think of CPF top-up for stay-at-home mothers. Let us know by answering our poll or leaving a comment below. 

References:

redwiretimes.com

www.channelnewsasia.com

www.straitstimes.com

 

 

Got a parenting concern? Read articles or ask away and get instant answers on our app. Download theAsianparent Community on iOS or Android now!

img
Written by

Minoli Almeida

  • Home
  • /
  • Parenting
  • /
  • The PAP’s Women’s Wing calls for voluntary CPF top-up for stay-at-home mothers
Share:
  • “I Hated Being a Stay-at-Home Mum”

    “I Hated Being a Stay-at-Home Mum”

  • 12 Daily Habits Of Happy Stay-At-Home Mums!

    12 Daily Habits Of Happy Stay-At-Home Mums!

  • ‘You Will Always Be a Part of Us’: Singaporean Family Gives Helper of 20 Years ‘Long Service Award’

    ‘You Will Always Be a Part of Us’: Singaporean Family Gives Helper of 20 Years ‘Long Service Award’

  • 'Family is Priceless': Malaysian Man in Singapore Rents 2 Buses So He and 60 Other Strangers Can Join Their Families for CNY

    'Family is Priceless': Malaysian Man in Singapore Rents 2 Buses So He and 60 Other Strangers Can Join Their Families for CNY

  • “I Hated Being a Stay-at-Home Mum”

    “I Hated Being a Stay-at-Home Mum”

  • 12 Daily Habits Of Happy Stay-At-Home Mums!

    12 Daily Habits Of Happy Stay-At-Home Mums!

  • ‘You Will Always Be a Part of Us’: Singaporean Family Gives Helper of 20 Years ‘Long Service Award’

    ‘You Will Always Be a Part of Us’: Singaporean Family Gives Helper of 20 Years ‘Long Service Award’

  • 'Family is Priceless': Malaysian Man in Singapore Rents 2 Buses So He and 60 Other Strangers Can Join Their Families for CNY

    'Family is Priceless': Malaysian Man in Singapore Rents 2 Buses So He and 60 Other Strangers Can Join Their Families for CNY

Get advice on your pregnancy and growing baby. Sign up for our newsletter
  • Pregnancy
    • Baby
    • Education
    • Events
    • Allergies & Conditions
  • Family Occasions
    • Breastfeeding & Formula
    • Child Safety
    • Health
    • Diseases-Injuries
  • Lifestyle
    • Home
    • Money
    • Feeding & Nutrition
    • Diet & Weightloss
  • Normal Delivery
    • Cesarean Delivery
    • Behaviour
    • Secondary School
    • Formula Feeding
  • Ages & Stages
    • Latching & Concerns
    • Festivals & Holidays
    • Education
    • Pre-teen & Teen
  • More
    • TAP Community
    • Advertise With Us
    • Contact Us
    • Become a Contributor


  • Singapore flag Singapore
  • Thailand flag Thailand
  • Indonesia flag Indonesia
  • Philippines flag Philippines
  • Malaysia flag Malaysia
  • Sri-Lanka flag Sri Lanka
  • India flag India
  • Vietnam flag Vietnam
  • Australia flag Australia
  • Japan flag Japan
  • Nigeria flag Nigeria
  • Kenya flag Kenya
© Copyright theAsianparent 2023. All rights reserved
About Us|Team|Privacy Policy|Terms of Use |Sitemap HTML
  • Tools
  • Articles
  • Feed
  • Poll

We use cookies to ensure you get the best experience. Learn MoreOk, Got it

We use cookies to ensure you get the best experience. Learn MoreOk, Got it

theAsianparent heart icon
We’d like to send you notifications for the latest news and updates on baby care and health.