"Life isn't fair. You play with the hands you are dealt with."
Pay Cut when you become another older asset that is losing productive value.
- Reaching 50: Cut 4% off Employer contribution rate
- Reaching 55: Cut 3% off Employer contribution rate
Soon, I will be taking the second CPF cut from the Employer contribution rate and effectively the total pay cut is 7%. Fortunately, I don't have any oustanding housing loans; otherwise, I will feel the pinch.