Saturday, May 29, 2021

Woman refuses to take extra workload off pregnant colleague - is she wrong?

Source Website: https://www.asiaone.com/lifestyle/woman-refuses-take-extra-workload-pregnant-colleague-she-wrong
By Sarmistha Neogy, theAsianparent, Asiaone, 08 May 2021 at 02:15 pm



It is only natural that you will need help.
PHOTO: It is only natural that you will need help. But the challenge is whom should you ask for help and if the person will be comfortable taking on the additional workload.
Picture posted by Sarmistha Neogy, theAsianparent
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiazaUFGJNe_znQRjIWspwzHAwGlMiBT-ilQRhSSVeCjzFSWdQSXyNryGR1XPGpaD98X98ESMzWrzbv1pKuNxwP1NCILHxEm04PCjHFBqI23J_M3j0Q_oBmvxl-GolMVQ2f3mU-KNmgw8k/s581/Untitled-design-2021-04-29T120613.336_1.png
https://tap-assets-prod.dexecure.net/wp-content/uploads/sites/12/2021/04/Untitled-design-2021-04-29T120613.336.jpg?resize=h412
https://sg.theasianparent.com/woman-refuses-to-take-extra-work-load-of-her-pregnant-colleague-pregnant-and-working-full-time-these-5-tips-will-help-you?copyContent=true



While pregnancy can be the most beautiful time in your life, it can also be extremely taxing on your mind and body. From the horrible morning sickness and tiredness to always feeling bloated, there will be times when you can’t manage everything on your own.

It becomes all the more challenging when you are career-driven and working full-time.


While pregnancy can be the most beautiful time in your life, it can also be extremely taxing on your mind and body.
PHOTO: While pregnancy can be the most beautiful time in your life, it can also be extremely taxing on your mind and body. From the horrible morning sickness and tiredness to always feeling bloated, there will be times when you can’t manage everything on your own.
Picture posted by Sarmistha Neogy, theAsianparent, Asiaone on 08 May 2021 at 02:15 pm

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj2fKI3VxeyC56JutL0BKPTOVY3unJNgOTAo-VL5tzlrfD08hgJ4F2WVq-iyAFpicsJD35kNo-CN1pXlWOlMAU5uiOvc3lq4WBVQZ8oML_9CLDtGtpYImIrT7qnHZ4cveiKK5IG2K7V4ZE/s800/20210503_pregnancy_st.jpg
https://www.asiaone.com/sites/default/files/styles/article_main_image/public/original_images/May2021/20210503_pregnancy_st.jpg?itok=IsIXOUKf
https://www.asiaone.com/lifestyle/woman-refuses-take-extra-workload-pregnant-colleague-she-wrong



It is only natural that you will need help. But the challenge is whom should you ask for help and if the person will be comfortable taking on the additional workload.

One woman recently posted on Reddit about being asked to take on the workload of her pregnant colleague while she’s off work for a month. However, the idea didn’t exactly excite her.


Is it wrong to refuse the extra workload of my pregnant colleague?

The woman wrote in her post,
PHOTO: The woman wrote in her post, "I have been working at the company for two years. My co-worker (let’s call her Liddy) had just announced she is eight weeks pregnant (first pregnancy), had been going through horrible morning sickness."
PHOTO: Pixabay
Picture posted by Sarmistha Neogy, theAsianparent on 08 May 2021 at 02:15 pm

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhYJGID4mcIo4S-fcA9HxtedT8HHnURT5pMMQu7YWXyj2H9aahsCUR4Ns6bscEC6pp6kDb0byaY12xFiWuiDCknk0hgeanJFF5vPFVWm48piHynHYhZfo7393v7W6yAAZIt4eiH_OcjL9c/s1200/20210503_pregnant_pixabay.jpg
https://www.asiaone.com/sites/default/files/inline-images/20210503_pregnant_pixabay.jpg
https://www.asiaone.com/lifestyle/woman-refuses-take-extra-workload-pregnant-colleague-she-wrong



The woman wrote in her post, "I have been working at the company for two years. My co-worker (let’s call her Liddy) had just announced she is eight weeks pregnant (first pregnancy), had been going through horrible morning sickness."

"Liddy requested a month of unpaid leave to help her get through her first trimester. HR allowed it because it was a 'legit reason' [sic].

"The pregnant lady was also asked to find someone to take over work for her while she was on leave," she mentioned. “Liddy had suggested to them that I take over her work while she takes her leave. When HR approached me with the suggestion, I refused it.

While people reading her post might think of her as inconsiderate and inhumane, the Reddit user gives her reasons for refusing to help the pregnant colleague.

She puts her point across bluntly, “It is not my problem that she wanted to get pregnant and all, even if I am happy for her. She could have easily work [sic] from home, or get her assistant to do it for her. Bear in mind that I would not get paid extra for doing her work, it will just be me doubling my workload for the same pay. Now HR can’t legally force me to take it, so that’s why they couldn’t do much about it.


While people reading her post might think of her as inconsiderate and inhumane, the Reddit user gives her reasons for refusing to help the pregnant colleague.
PHOTO: While people reading her post might think of her as inconsiderate and inhumane, the Reddit user gives her reasons for refusing to help the pregnant colleague.
She puts her point across bluntly,
It is not my problem that she wanted to get pregnant and all, even if I am happy for her. She could have easily work [sic] from home, or get her assistant to do it for her. Bear in mind that I would not get paid extra for doing her work, it will just be me doubling my workload for the same pay. Now HR can’t legally force me to take it, so that’s why they couldn’t do much about it.
Picture posted by iStock - Asian beautiful young woman sitting on bench in outdoor garden
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjYvRxOvrWSLSKmcbAnj-oXSA9qsXA840c0y19otmGfL8pXixjGqQs0_ubGYby4lda7vwcIPUOLcNhgUS-e-ikXx93nU5cq1ysenjexndOVPHdKxbKED7yWS3Gzn5nAbmcBSXCr5S3bXKs/s2048/istockphoto-670840574-2048x2048_1.png
https://media.istockphoto.com/photos/asian-beautiful-young-woman-sitting-on-bench-in-outdoor-garden-picture-id670840574?s=2048x2048
https://www.istockphoto.com/photo/asian-beautiful-young-woman-sitting-on-bench-in-outdoor-garden-gm670840574-122726101



After this woman refused the offer, Liddy was "pissed off" at her.

The pregnant lady also tried to turn a few of their coworkers against the woman. The user was called an “a****** for not being 'considerate' or 'helpful' or 'a team player'".

The Reddit user then asked netizens if she was really the bad person for refusing her pregnant colleague's request.


Who’s fault is it anyway?

Many female users commented on this post because they know that being pregnant and working full-time is indeed a challenge.
PHOTO: Many female users commented on this post because they know that being pregnant and working full-time is indeed a challenge. But they also agreed that there was one villain here — and it was not the woman nor her pregnant colleague.
Picture posted by Sarmistha Neogy, theAsianparent on 08 May 2021 at 02:15 pm

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEizudklXOgx9ZZT5swFZ1T3cs93gVeNPKmjVM2oA_yHEDRyIU6AJD_tG2r8VRFVarwpWU7P1uk2op3XTM4NtkZEF3-Ie0gGXF4i9ZczlaORqytLZswfaukeVxwqqQ6K7UB6yhrSgMBO4yg/s1200/20210504_apostonreddit_reddit.jpg
https://www.asiaone.com/sites/default/files/inline-images/20210504_apostonreddit_reddit.jpg
https://www.asiaone.com/lifestyle/woman-refuses-take-extra-workload-pregnant-colleague-she-wrong



Many female users commented on this post because they know that being pregnant and working full-time is indeed a challenge. But they also agreed that there was one villain here — and it was not the woman nor her pregnant colleague.

A user shared, “Managing personal load is not their job. It was wrong to pit the employees against each other as an HR solution.

Another agreed, reasoning HR was also in the wrong “for refusing to provide any additional pay for the extra work they want to be done. Liddy’s leave is unpaid so the money is there.


Many female users commented on this post because they know that being pregnant and working full-time is indeed a challenge.
Many female users commented on this post because they know that being pregnant and working full-time is indeed a challenge.
PHOTO: Many female users commented on this post because they know that being pregnant and working full-time is indeed a challenge. But they also agreed that there was one villain here — and it was not the woman nor her pregnant colleague.
A user shared,
Managing personal load is not their job. It was wrong to pit the employees against each other as an HR solution.
Picture posted by iStock - Asian beautiful young woman sitting on bench in outdoor garden
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiz3srTvtjRljhBsHwoXRfxZ1odgcuKKqcbnDUJ4t-SV5lpbwQlK1zh-03DKOLH-N9GhPj-ODpYrutcGBg7l4CBdVgR7Xil7FNRE8GgQL7W3hBIW_e6UODpJIQu8L9VqhKljh0o3rUwlpo/s2048/istockphoto-670818004-2048x2048_1.png
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgj0f_kJGGSD2vBbG_5OXKGmxGeKz9G2-bWyZJBzfvOLI9YUKoi71sHUE2ROgv7uvAeoLjyftfGf6naxZdSQpF7Mz0u2WE6v-9dmke1X9uDRKIggHamICe8fIfscFgvZdWIq6KT2EUuxgw/s1366/istockphoto-670818004-2048x2048_11.png
https://media.istockphoto.com/photos/asian-beautiful-young-woman-sitting-on-bench-in-outdoor-garden-picture-id670818004?s=2048x2048
https://www.istockphoto.com/photo/asian-beautiful-young-woman-sitting-on-bench-in-outdoor-garden-gm670818004-122723617



Another user felt that it was no one but the company’s fault. She wrote, “You’re lashing out at her, she’s lashing out at you when both of you should be angry with the company. It’s like two women tearing each other apart because the guy was cheating and lying. The company is pitting the two of you against each other to solve the labour issue instead of taking care of its responsibilities.

However another said, “Liddy wasn’t the bad person at first. After all, she is forfeiting her pay with no pay leave to deal with her pregnancy issues. But she turned into a bad person for trying to strong-arm and manipulate you into taking her work for no extra pay, even badmouthing you to others.

What is your opinion on the entire incident? If you were in this woman’s shoes, would you be okay taking the additional workload without extra pay?


What is your opinion on the entire incident?
PHOTO: What is your opinion on the entire incident? If you were in this woman’s shoes, would you be okay taking the additional workload without extra pay?
Picture posted by iStock - Asian beautiful young woman in the garden

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjBcoMLqEoGTCawOoYqg0MuQxt09687pnl_q3dZ6GoBhX2vQZ5rw1R_IT_C4OdZnnDCPuKSoONGmDUvHAsoJRgm5vtxJ2qU4eaILucdVXL2zh5bRM0Gw4flUNFjUOqxFJIT9eun6YZEJ8E/s2048/istockphoto-670840630-2048x2048_1.png
https://media.istockphoto.com/photos/asian-beautiful-young-woman-in-the-garden-picture-id670840630?s=2048x2048
https://www.istockphoto.com/photo/asian-beautiful-young-woman-in-the-garden-gm670840630-122726115



Working through pregnancy is a challenge
We understand that a woman’s body goes through extreme changes during pregnancy. These are not just physical but also emotional changes.

One challenge that you will face is staying healthy and productive on the job. You need to understand when your work is jeopardising your pregnancy. Having said that most women continue working during pregnancy. However, it is best to take the advice of your doctor before putting in the extra hours.

If you are pregnant and working full-time, we have you covered with these five practical tips to relieve stress.


Working through pregnancy is a challenge
Pregnant and working full-time: Five tips for expecting mums
1. Identify your nausea triggers
Even though it is called “morning” sickness, pregnancy queasiness can hit at any time. It is therefore important to identify your nausea triggers. Avoid having foods you know that can make you feel nauseated. It can be milk or even your bowl of cereal. But, this doesn’t mean you need to stay hungry. This can further trigger nausea.

Also, remember that plain crackers can be lifesavers when you feel nauseated. Keep a stash at work for easy snacking. For some of you, ginger tea might help to alleviate the nausea.


Identify your nausea triggers
PHOTO: Identify your nausea triggers
Even though it is called “morning” sickness, pregnancy queasiness can hit at any time. It is therefore important to identify your nausea triggers. Avoid having foods you know that can make you feel nauseated. It can be milk or even your bowl of cereal. But, this doesn’t mean you need to stay hungry. This can further trigger nausea.
Picture posted by Mocah HD Wallpapers

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhwrmHAT5p1vmUyfkFZk6KraZGEQvO25wDw22MHMUIqXiUVDqqb8qGWalJ5MGpfxiQ9aMQYGEN9BdjAbu5PJC8cE7vb3hxZpi6vltw2ZoYJnO4HkisNzJost5nH15t8GqbM9KH39VIfeK8/s2048/60b1c45c037fb.jpg
https://mocah.org/855037-mother-little-girls-kiss-smile.html


2. Keep your stress under check

There will obviously be stressful days at work and they will double when you are pregnant and working full-time. The trick lies in managing it well.

Here are some quick tips which can help you control your stress at work:
  • Make a to-do list: Prioritise your tasks on a daily basis. This will help you to get an idea of the status of your work and the tasks that are pending.
  • Share: If you have an argument with your boss, share it with your friend or a co-worker. This will help you to reduce your stress levels.
  • Take breaks: You need breaks to relax your mind. Try practising slow breathing exercises to calm yourself or simply go out for a quick walk.

Keep your stress under check
PHOTO: Keep your stress under check
There will obviously be stressful days at work and they will double when you are pregnant and working full-time. The trick lies in managing it well.
Make a to-do list: Prioritise your tasks on a daily basis. This will help you to get an idea of the status of your work and the tasks that are pending.
Take breaks: You need breaks to relax your mind. Try practising slow breathing exercises to calm yourself or simply go out for a quick walk.
Picture posted by Mocah HD Wallpapers

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVvCps6pE4I7Y_bnikoMsJolWg8fnygSqpFv6SxjWOQMgrQcVWcjwcT5_xQkYqvj8fG3MiNu9fF97DX_yqYQHxDnRM-80RXxNZfpIApli0c2pP2ol8NVOAiYgiBGchjtEjfqQ2Fmt5N2Y/s2048/60b1c59777840.jpg
https://mocah.org/xfsearch/alt/Smile/page/51/


3. Create a comfortable set-up
As your pregnancy progresses, everyday activities such as sitting and standing can become uncomfortable. It is very important to follow few things to ensure that you are at ease.
  • If you have backaches, try placing a pillow on your chair as a support. It will give you some relief.
  • Ask your office to provide you with a stool. You can lift your legs on it.
  • Try moving around every few hours to ease muscle tension. It will further help prevent fluid build-up in your legs and feet.
  • Wear comfortable shoes with good arch support.
  • Wear loose-fitting comfortable clothes

Create a comfortable set-up
PHOTO: Create a comfortable set-up
As your pregnancy progresses, everyday activities such as sitting and standing can become uncomfortable. It is very important to follow few things to ensure that you are at ease.
Try moving around every few hours to ease muscle tension. It will further help prevent fluid build-up in your legs and feet.
Picture posted by Mocah HD Wallpapers

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNAkIYOqzG80lV2wTXf6DDy11PW3GdxIAe-friDOwA5HlS0F-X1jbmW2l0nGluIDxPl_oGWixo02PJM9X7aCHnWymjs9EniBv9alytGnYixv0A2j6LJO40pJIJvBkt9sCs-lyEaxrsE3E/s2048/60b1cc26d17af.jpg
https://mocah.org/883747-asian-sitting-fence-jeans-blouse-smile-glance.html


4. Handle tiredness
You can combat your pregnancy tiredness while at work, by following a few of these recommendations.
  • Drink plenty of fluids. Keep a water bottle at your desk or in your work area and sip throughout the day.
  • Take frequent breaks: Even if you don’t want to get up from your seat, it’s okay. Just shut your monitor and close your eyes for 10 minutes. Or go and talk to your colleague.
  • Eat properly: Fatigue during pregnancy can be a symptom of iron deficiency anaemia. But adjusting your diet can help. Choose foods such as red meat, poultry, leafy green vegetables, iron-fortified whole beans. Remember, to wash all your vegetables and fruits well before eating. Also, cook your meals thoroughly to avoid the risk of food contamination.

Handle tiredness
PHOTO: Handle tiredness
Drink plenty of fluids. Keep a water bottle at your desk or in your work area and sip throughout the day.
Take frequent breaks: Even if you don’t want to get up from your seat, it’s okay. Just shut your monitor and close your eyes for 10 minutes. Or go and talk to your colleague.
Eat properly: Fatigue during pregnancy can be a symptom of iron deficiency anaemia. But adjusting your diet can help. Choose foods such as red meat, poultry, leafy green vegetables, iron-fortified whole beans. Remember, to wash all your vegetables and fruits well before eating. Also, cook your meals thoroughly to avoid the risk of food contamination.
Picture posted by Mocah HD Wallpapers

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhJ9lajLgCmX7Ahup_a77qzO2o6DecFDwpBy3fRWyuiPRAdRKgctb73avd7mk_5qt9UHCy8egMOSHvk5sfxI4gmPAhRLfrxYX959IS8f8DTALX4DA1E1WqQpgplQkOsegoBMAKq0o3hajM/s2048/60b1c72c46e39.jpg
5. Avoid late nights
Try to avoid late nights when you are pregnant. If you have pending work, go home and come back early the next morning to finish it.

Pregnancy is the time when your body requires good rest. If you are working, it is understood that you are not able to get adequate rest throughout the day. So, at no cost, should you compromise on your sleep at night.

If your colleagues are planning to go for a drink after work, you can excuse yourself. There might be co-workers who will drag you to the party, but don’t force yourself into doing anything that might compromise your health.


Avoid late nights
PHOTO: Avoid late nights
Pregnancy is the time when your body requires good rest. If you are working, it is understood that you are not able to get adequate rest throughout the day. So, at no cost, should you compromise on your sleep at night.
If your colleagues are planning to go for a drink after work, you can excuse yourself. There might be co-workers who will drag you to the party, but don’t force yourself into doing anything that might compromise your health.
Picture posted by Mocah HD Wallpapers

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7BAi6reG7O2hqsVpfqEa_wOroTWEVTtfSt09Gqhi2YKlaNKZ31cqI9xYRvjQ-DbHA01npA9saO8kb3n2EUcQEuPTPl3nOxD8fXopQDuUyqX495OsWkcqKugDoVE2cC2zoOAf9xNBuOD8/s2048/60b1c8d7ce17e.jpg
https://mocah.org/880081-asian-bench-bokeh-brunette-girl-smile-hands-sitting-.html


It is perfectly okay to be blunt because, at the end of the day, you have a baby growing inside you.

Always consult your doctor and don't be harsh on yourself. It is very important to understand that every pregnancy is different.

 If you are lucky, you won’t have many pregnancy discomforts, but it doesn’t mean that all pregnant women will go through the same experience.

Don’t hesitate to ask for help because most offices today try to practice a pregnancy-friendly approach.


It is perfectly okay to be blunt because, at the end of the day, you have a baby growing inside you.
PHOTO: After this woman refused the offer, Liddy was "pissed off" at her.
The pregnant lady also tried to turn a few of their coworkers against the woman. The user was called an
a****** for not being 'considerate' or 'helpful' or 'a team player'".
The Reddit user then asked netizens if she was really the bad person for refusing her pregnant colleague's request.
Picture posted by Mocah HD Wallpapers

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh0xk4I7L0NexKlRUuGZY-6qLQE-QR5VJHAv3Mq_DUSJVYaJJ7_cgsKJtbZ88VPWQxMVG-dwHN_pIaPz4ws7559wnC889y5FdtY_EVIIMq9UQodiSA0ZB1Xr9jEyE3ypgI1mVDpyqHvgxw/s2048/60b1c02cc8210.jpg
https://mocah.org/xfsearch/alt/sitting/page/48/

By Sarmistha Neogy, theAsianparent, 08 May 2021 at 02:15 pm
This article was first published in theAsianparent.
 
 
Reference
[1] Sarmistha Neogy, theAsianparent, Asiaone, Woman refuses to take extra workload off pregnant colleague - is she wrong?, posted on 08 May 2021 at 02:15 pm, https://www.asiaone.com/lifestyle/woman-refuses-take-extra-workload-pregnant-colleague-she-wrong


Links



 

Friday, May 28, 2021

More tapping CPF's stability to stretch savings

Source Website: https://www.tnp.sg/news/singapore/more-tapping-cpfs-stability-stretch-savings
By Calvin Yang, Manpower Correspondent, The New Paper, 24 May 2021 at 06:00 am



40 per cent more topped up their own or their loved ones' retirement savings last year compared with 2019
PHOTO: 40 per cent more topped up their own or their loved ones' retirement savings last year compared with 2019
Picture posted by Calvin Yang, Manpower Correspondent, The New Paper on 24 May 2021 at 06:00 am

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhisYNQ7z8ZFTpSEXkGrwfLkB7PVveQNSBSW92mlscnF_q-jYnfYrUf5QAGrnq3WvXg-lAiz14WbBEnNP0DqUD3v0dbsc-0c_FrUcTbZnZfl-wHlEQHXtBwgM1vhbvHqozCvogbsrE8gwU/s780/cpf.jpg
https://www.tnp.sg/sites/default/files/styles/rl780/public/articles/2021/05/24/cpf.jpg?itok=Bgb-eftK
https://www.tnp.sg/news/singapore/more-tapping-cpfs-stability-stretch-savings



More people sought to tap the benefits of the Central Provident Fund (CPF) last year to stretch their savings amid the pandemic's uncertainties.

The number of members who topped up their own or their loved ones' CPF retirement savings was nearly 40 per cent higher last year, compared with 2019.

At the same time, people who made voluntary housing refunds nearly tripled over the same period, according to the latest CPF Board figures.


The number of members who topped up their own or their loved ones' CPF retirement savings was nearly 40 per cent higher last year, compared with 2019.
PHOTO: The number of members who topped up their own or their loved ones' CPF retirement savings was nearly 40 per cent higher last year, compared with 2019.
Picture posted by Shutterstock

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi7h1kZSKhXPECUEkhTez5JAVUkRuN_5nrq95dVJKznJeQ2abRIf-S6pJTh9zr4v7mqeIdf5tSLhRrNSQ4ZIAE9T9hE2td2egF8DIl0AWZpfG8gcZvoKB-xBOmqlUyQJ_sb7nOXnMwozro/s1600/150416105_1.png
https://image.shutterstock.com/shutterstock/photos/150416105/display_1500/stock-photo-beautiful-girl-on-bike-in-countryside-summer-lifestyle-150416105.jpg
https://www.shutterstock.com/image-photo/beautiful-girl-on-bike-countryside-summer-150416105



Also slightly up is the proportion of members who died last year and had specified a recipient for their CPF savings.

It is no surprise that more people are channelling more cash into CPF accounts, observers told The Straits Times, since they are now realising the benefits of using the scheme to save.


It is no surprise that more people are channelling more cash into CPF accounts, observers told The Straits Times, since they are now realising the benefits of using the scheme to save.
It is no surprise that more people are channelling more cash into CPF accounts, observers told The Straits Times, since they are now realising the benefits of using the scheme to save.
PHOTO: It is no surprise that more people are channelling more cash into CPF accounts, observers told The Straits Times, since they are now realising the benefits of using the scheme to save.
Picture posted by Dreamstime

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvy2kA-3cV4Csvjr1XApfSFM2rKtul5CepI5EaEr0uwb7630Pl8avRaPzYRc_hOK7Tl-sOyMKCRDXIoXW0QYtrRqA47KWk9WEuRAT8fXz3WmWPeD2cZ1AR80sMn3CMgKAk9N5egNV8J8w/s1600/209994142_1.png
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEikOsJeSR-e6y78pEhsFDtCz1qotNlLWQMfNJvYuhlIbm-tHU9yMaSrxkOVM-FB4hy0LEwfhR6msWXQR4DgGP0ToNTYnp85R2AQJSvOOV0dn6MugDsbQxTRPxojLTvnFsMViFpbyXLbZGw/s1063/209994142_11.png
https://thumbs.dreamstime.com/z/asian-beautiful-woman-long-hair-stands-purple-tulip-flower-green-garden-asian-beautiful-woman-long-hair-stands-209994142.jpg
https://www.dreamstime.com/asian-beautiful-woman-long-hair-stands-purple-tulip-flower-green-garden-asian-beautiful-woman-long-hair-stands-image209994142



Last year, some 141,130 CPF members made top-ups under the Retirement Sum Topping-Up Scheme, contributing a total of $2.97 billion.

In 2019, only 103,800 members grew their CPF funds under the scheme. Total top-ups in 2019 were also lower at $2.14 billion.

Meanwhile, about 14,980 members made voluntary housing refunds last year, putting in a total of
1.48 billion.

OCBC Bank's head of wealth advisory Kelvin Goh said CPF funds offer members more attractive, risk-adjusted returns, compared with regular savings accounts and even some investments.

The higher take-up rate is likely boosted by the lower interest rate environment and market volatility brought about by the pandemic, said DBS Bank's head of financial planning literacy Lorna Tan, noting that the trend of CPF top-ups is expected to continue.


The higher take-up rate is likely boosted by the lower interest rate environment and market volatility brought about by the pandemic, said DBS Bank's head of financial planning literacy Lorna Tan, noting that the trend of CPF top-ups is expected to continue.
PHOTO: The higher take-up rate is likely boosted by the lower interest rate environment and market volatility brought about by the pandemic, said DBS Bank's head of financial planning literacy Lorna Tan, noting that the trend of CPF top-ups is expected to continue.
Picture posted by Shutterstock

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhCOQvYS3aMus3BEtVGlWPeAfyOSI-VZKAhMDHPlEmcBoeGgWoZC70ynRq7Jbqa6rbmd6241GeBRvB8HaP71RCtU6akpJU0tpJdeB2fEmoczSe7DHM6hQafLHiGcIclHbMUwX2K9LgetJY/s1600/150417377_1.png
https://image.shutterstock.com/shutterstock/photos/150417377/display_1500/stock-photo-beautiful-girl-on-bike-in-countryside-smelling-flowers-summer-lifestyle-150417377.jpg
https://www.shutterstock.com/image-photo/beautiful-girl-on-bike-countryside-smelling-150417377



The Retirement Sum Topping-Up Scheme allows members to use cash or CPF savings to top up their own or their loved ones' accounts.

For recipients under 55, the Special Account can be topped up to the current Full Retirement Sum, which is
186,000 this year.

Those aged 55 and older can have their Retirement Accounts topped up to the current Enhanced Retirement Sum, which is
279,000 this year.

Mr Wilson Loy, Standard Chartered Bank Singapore's head of investment advisory and strategy, said another factor for the increase could be the tax reliefs granted for topping up CPF accounts.


Mr Wilson Loy, Standard Chartered Bank Singapore's head of investment advisory and strategy, said another factor for the increase could be the tax reliefs granted for topping up CPF accounts.
PHOTO: Mr Wilson Loy, Standard Chartered Bank Singapore's head of investment advisory and strategy, said another factor for the increase could be the tax reliefs granted for topping up CPF accounts.
Picture posted by Shutterstock

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEguIb7ZRtChD1EShEC3LQSf8YDAAkeuwKI8M72ZmtmiwL-sFWMVGzAEfvhyphenhyphenVrUaUJuwxkN-KB-GH2pP2QChKabf2Pr8AHy6NcN1sUHpdakEpSNRyLkzp8JNhuXfbyVpvWagaDGI4jFXNAk/s1500/150417239_1.png
https://image.shutterstock.com/shutterstock/photos/150417239/display_1500/stock-photo-beautiful-girl-on-bike-in-countryside-smelling-flowers-summer-lifestyle-150417239.jpg
https://www.shutterstock.com/image-photo/beautiful-girl-on-bike-countryside-smelling-150417239



CPF members can get tax reliefs of up to
7,000 per calendar year for top-ups made to their own accounts, and up to another 7,000 for top-ups made for their parents, parents-in-law, grandparents, grandparents-in-law, spouse and siblings.


CPF members can get tax reliefs of up to $7,000 per calendar year for top-ups made to their own accounts, and up to another $7,000 for top-ups made for their parents, parents-in-law, grandparents, grandparents-in-law, spouse and siblings.
PHOTO: CPF members can get tax reliefs of up to 7,000 per calendar year for top-ups made to their own accounts, and up to another 7,000 for top-ups made for their parents, parents-in-law, grandparents, grandparents-in-law, spouse and siblings.
Picture posted by Alamy

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhNxexT-yOzlAnpnSXuRlaRai2PAtOot-IOEn45VYIj0_Jaw93OgGwpMLslEYKBjzmb0R_ESY-KZMz3U6pLpy4Y3jTYUOL27jZpuEOxY6_-T0SH2KoUqjDjUxSKSFmQoJhPu3MKHYqALRo/s1390/DCGXR4_11.png
https://c8.alamy.com/comp/DCGXR4/beautiful-girl-on-bike-in-countryside-smelling-flowers-summer-lifestyle-DCGXR4.jpg
https://www.alamy.com/stock-photo-beautiful-girl-on-bike-in-countryside-smelling-flowers-summer-lifestyle-59379240.html



Mr Joel Siew, who topped up his own CPF Special Account last year, said the 4 per cent interest rate is a draw. Like many working adults, the 32-year-old banker believes that starting his retirement planning early will give him better returns over time.

Human resource manager Lydia Ong, 38, who put more money into her CPF Special Account last year, said the pandemic has brought about much uncertainty and volatility in the financial markets. "In such times, it makes sense to go with something less risky," she added.


Human resource manager Lydia Ong, 38, who put more money into her CPF Special Account last year, said the pandemic has brought about much uncertainty and volatility in the financial markets.
Human resource manager Lydia Ong, 38, who put more money into her CPF Special Account last year, said the pandemic has brought about much uncertainty and volatility in the financial markets.
PHOTO: Human resource manager Lydia Ong, 38, who put more money into her CPF Special Account last year, said the pandemic has brought about much uncertainty and volatility in the financial markets. "In such times, it makes sense to go with something less risky," she added.
Picture posted by Shutterstock

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiw-UXOnHoFuoMTFAaDQExOOZSQSB8lob7lU5nhN3OAbo0ke7F8oOXDmGYb_D9QDjlxB5YF6xn6wNkdXViaR2sLarUdsDFJe9mIbguz8kNTGCnO87gJTkMAe2pASWZKLhz7-RyfTPxBiMw/s1500/1165895203_1.png
By Calvin Yang, Manpower Correspondent, The New Paper, 24 May 2021 at 06:00 am
This article first appeared in The Straits Times.
Get The New Paper on your phone with the free TNP app. Download from the Apple App Store or Google Play Store now

Reference
[1] Calvin Yang, Manpower Correspondent, The New Paper, More tapping CPF's stability to stretch savings, posted on 24 May 2021 at 06:00 am, https://www.tnp.sg/news/singapore/more-tapping-cpfs-stability-stretch-savings


Links
This article first appeared in The Straits Times. - https://www.straitstimes.com/business/economy/more-channelling-more-cash-into-cpf-amid-covid-19-uncertainties?utm_medium=referal&utm_source=tnp&utm_campaign=tnplink