Many Singaporeans think that their CPF savings are enough to tide them through retirement but the reality could not be further from the truth. Especially if your ageing parents are self-employed or homemakers who do not regularly contribute to their CPF Ordinary Account, chances are, they may not have a nest egg to ensure a comfortable retirement. If your parents.
How to Help Your Parents If They Don t Have a Retirement Plan theindependent.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theindependent.sg Daily Mail and Mail on Sunday newspapers.
"The BRS (Basic Retirement Sum) does not prevent members from setting aside more savings in CPF in order to receive a higher retirement payout," Minister Tan clarified.
Dear Ryan, As usual, you and your Team continue to amaze me with the wide range of posts weekly be it review of landed housing estates, HDB largest and cheapest flat and the issues faced by landlord! I come across this yesterday and thought you might find it useful to post it in that you have always been advising.
Ever wondered why a chunk of your salary mysteriously disappears every month? That's a question you might be asking yourself if you have no idea what Central Provident Fund (CPF) contributions are. Every Singapore citizen and PR has a CPF account, one of the goals of which is to help you stash money away for retirement. However, the CPF system's.