Are you considering a move to Singapore for work or retirement? If so, one important aspect of living in this wealthy island state is understanding the Central Provident Fund (CPF) system. The CPF is a mandatory savings scheme for all working Singaporeans and permanent residents, with contributions from both employees and employers. It serves as […]
Month: November 2024
Exploring the Different CPF Schemes Available in Singapore
As a citizen or permanent resident of Singapore, you may have heard of the Central Provident Fund (CPF) – the country’s comprehensive social security savings scheme. But did you know that there are various CPF schemes available to cater to different needs and situations? Let’s take a closer look at two of the main schemes […]
3 Useful Tips for Growing Your CPF Savings for Retirement
Retirement can seem like a distant dream, but it’s important to start planning and saving for it as early as possible. One way to do so is by maximizing your CPF (Central Provident Fund) savings. CPF is a mandatory social security savings scheme in Singapore that allows individuals to set aside a portion of their […]
The Benefits of CPF Life Annuity Scheme for Retirees
Saving up for retirement can be a daunting task for many people. With increasing life expectancy and rising costs of living, it’s important for retirees to have a steady stream of income to support their lifestyle. This is where the Central Provident Fund (CPF) comes in. CPF Life is a scheme introduced in Singapore that […]