To: The Chief Executive of the Ministry of Social Development

Stop deducting CPF savings from Singapore nationals

Stop deducting CPF savings from Singapore nationals

We ask the Chief Executive of the Ministry of Social Justice Brendan Boyle to stop deducting money from the New Zealand superannuation payments of Singaporean permanent residents.

Why is this important?

The Singapore CPF savings fund is not a pension fund, it is private citizens’ personal savings. Thousands of Kiwis have worked in Singapore and collected their tax-free CPF savings.

However, Singaporean Permanent Residents of New Zealand have their CPF savings taxed 100% because the Chief Executive of the Ministry of Social Justice ruled that the monthly refund of one’s own CPF savings, “can be seen as a periodic allowance”. So the New Zealand government confiscates 100% of the amount refunded monthly to Singaporeans by the Singapore government through the superannuation due to them.

This is an appeal to all decent, fair-minded folk, especially those who worked in Singapore and collected their tax-free CPF savings.

The Singapore government refunds all CPF savings of foreigners except to its own citizens. John Key collected his tax-free CPF savings when he left Singapore after working in Merrill-Lynch Singapore.[1]

Whereas the Singapore government refunds to Singaporeans in monthly instalments, the New Zealand government, under National, takes them outright, the personal savings of Singaporeans, which are not state-funded at all.

How can all other nationalities collect their CPF Savings from the Singapore CPF Board, but a Singaporean national's monthly contributions CPF savings is taxed 100% by the Ministry of Social Development?

Please give your support by signing this petition.

References
1 - http://www.nzlawyermagazine.co.nz/news/singapore-man-sues-ministry-of-social-development-210723.aspx

Also please read the following and view the video to understand this discrimination by this Chief Executive http://www.scoop.co.nz/stories/PO1611/S00025/private-pension-blunder.htm

http://www.nzpensionprotest.com/Home/the-law/private-pension-blunder


Reasons for signing

  • Under John Key’s National, the Singapore CPF savings of Singaporean Permanent Residents of NZ suddenly became 100% TAXED pensions while John's own CPF savings were his own personal savings and TAX-FREE. Under National, the millionaire ex-Premier gets to keep his tax-free CPF while others are taxed 100% - just like the approved citizenship after just 12 days in NZ, for an American billionaire while others needed 5 years of permanent residency.
  • Tired of the of this country looking after the rich to the detriment of hard working immigrants. Third World Economy.
  • Even monkeys understand unfairness and inequality - https://www.youtube.com/watch?v=meiU6TxysCg

Updates

2017-11-10 15:32:00 +1300

100 signatures reached

2017-07-29 13:09:04 +1200

50 signatures reached

2017-07-21 01:12:30 +1200

25 signatures reached

2017-07-18 22:40:46 +1200

10 signatures reached

2017-07-10 00:09:34 +1200

A billionaire spends 12 days in New Zealand and is granted citizenship.
A millionaire ex-Premier's CPF savings are tax-free and his own while ordinary Singaporeans' CPF savings are taxed 100%.
https://www.youtube.com/watch?v=JzKmweCzn4Y&feature=youtu.be