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Dr Tan See Leng clarifies on CPF Life and CPF contribution for EP and EntrePass holders Details Published: 29 July 2021 Dr Tan shared that among existing options to plan for higher retirement payouts, members can choose to defer the start of their payouts till age 70, when it comes to the CPF Life scheme. Singaporeans are already presented with many options to plan for higher retirement payouts, in and out of the CPF system, Minister for Manpower Dr Tan See Leng has clarified. Within the CPF system, members who wish to have higher CPF LIFE payouts can set aside an Enhanced Retirement Sum, which is triple of the Basic Retirement Sum. The prevailing Enhanced Retirement Sum is currently $279,000. The Enhanced Retirement Sum is revised annually, together with the Basic and Full Retirement Sums, he said. ....
The New Paper More tapping CPF s stability to stretch savings 40 per cent more topped up their own or their loved ones retirement savings last year compared with 2019 CALVIN YANG, MANPOWER CORRESPONDENT 0 Engagements 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. ....
April 15, 2021 Pixabay If you’re living in Singapore, the planning of your finances and your retirement cannot exclude your CPF. From the day you start working, you’ll be contributing to your CPF Ordinary Account (OA), CPF Special Account (SA) and your MediSave Account (MA). With all that money set aside over the years, you’ll have to start making plans to capitalise on your CPF savings when retirement comes knocking. But in this article, let’s zoom in on one plan-making in particular – a retirement ‘cheat code’, if you will – CPF SA Shielding. It is a term originally coined from this article back in 2019, highlighting how one can maximise your CPF accounts for retirement. ....
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Commentary: When and what to buy? At what age? Investing for retirement in a COVID-19 economy Toggle share menu Advertisement Advertisement Commentary Commentary Commentary: When and what to buy? At what age? Investing for retirement in a COVID-19 economy Your investment strategy should be based on an understanding of market fundamentals, the long-term outlook and your age, says Patrick Chang. A customer withdrawing cash from an automated teller machine. (File photo: AFP/Roslan Rahman) 27 Feb 2021 06:10AM) Share this content Bookmark SINGAPORE: For every Singaporean senior looking forward to saving enough to enjoy retirement, the COVID-19 pandemic has been a rude awakening. ....