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What happens if your housing loan deductions reach your CPF Basic Retirement Sum?

When buying a house, some of us would use our CPF savings to pay for our housing loans. But the thing about CPF is that it’s for retirement, so there’s a limit to how much you can use it for housing. Since the limit depends on the Basic Retirement Sum, what happens if your housing loan deductions reach it? Before...
Mycpf Online Services Basic Retirement Sum Home Protection Scheme Full Retirement Sum Retirement Account Special Account

Here's why the basic retirement sum isn't something Singaporeans should be worrying about

Depending on who you believe, you may think our CPF savings are like Russia. You know it's there, I know it's there. But very few Singaporeans have actually travelled there and experienced it first-hand. Unlike Moscow, however, most Singaporeans actually want to see their CPF again. And thanks to certain people spouting some weird promises about CPF reforms, many Singaporeans...
Full Retirement Sum Basic Retirement Sum Enhanced Retirement Retirement Sum Basic Retirement Ordinary Account

How will the changes in CPF Basic Retirement Sum affect me?

Singapore News - (function() { 'use strict';window.addEventListener('message', function(event){ if (typeof event.data['datawrapper-height'] !== 'undefined'){ for (var chartId in event.data['datawrapper-height']) {var iframe = document.getElementById('datawrapper-chart-' + ... Read more at www.tnp.sg
Heng Swee Keat Lawrence Wong Household Expenditure Advisory Panel Manpower Ministry Central Provident Fund

8 key changes to take note of in the new year

Singapore News - As Singapore ushers in the new year, here are eight key changes to take note of in 2022: 1. Back to the office, subject to vaccination measures From Jan 1, Singapore will ease its default work-from-home stance and allow 50 per cent of those who can work from... Read more at www.tnp.sg
Payoh Lorong Police Force National Care Hotline Food Centre Central Provident Fund Toa Payoh Lorong

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CPF moves to make before 2021 ends: Enjoy tax relief and grow your retirement savings

Would you believe it? 2021 is coming to an end in about three months. Congratulations to all of us for making it through this tumultuous year. As much as my year has been a mess, I decided to ensure that my financial health was not in a mess as well. Since it’s coming to the end of the year, I...
Child Development Account School Account Central Provident Fund Parents Allowance Special Accounts Medisave Account

Dr Tan See Leng clarifies on CPF Life and CPF contribution for EP and EntrePass holders

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 ha...
Manpower Ministry Manpower Dr Tan See Leng Enhanced Retirement Sum Basic Retirement Full Retirement Sums Foo Mee Har

Government Business : Opération « Drapo Blan » du GM sur tous les fronts

Le Mauricien votre nom dutilisateur votre email Récupérer votre mot de passe votre email votre nom dutilisateur votre email Récupérer votre mot de passe votre email 11 Juil 2021 09h13 commun de l’ACIM avec une série de mobilisations de rue annoncées contre la hausse des prix de 35 produits de consommation courante établit des majorations de prix de 2,2% à 77,1% d’une année à l’autre Le ministre des Finances, Renganaden Padayachy, renoue avec les capi...
Saint Laurent Pravind Jugnauth Jayen Chellum Kont Karay Delwill Renganaden Padayachy Soodesh Callichurn

440,000 CPF members qualify for matched top-ups

Thousands of people are set to get matching sums of up to $600 a year to top up their Central Provident Fund (CPF) Retirement Account, under a new scheme which kicks off this year. The move to help more older CPF members attain the Basic Retirement Sum and provide them with retirement adequacy comes through the Matched Retirement Savings Scheme, which will benefit some 440,000 people. They account for about 53 per cent of CPF members aged between 55 and 70, said the CPF Board yesterday. The sch...
Bukit Timah Singapore General National University Of Singapore Lawrence Loh Lau Eng Kwee Augustin Lee

CPF moves to make before 2020 ends: Enjoy tax relief and grow your retirement savings

Congratulations to all of us for making through this tumultuous year. As much as my year has been a mess, I decided to ensure that my financial health was not in a mess as well. Since it was the end of the year, I began to do a yearly review of my financial growth to keep track of my progress, as well as to identify areas of improvement. As I didn’t actively keep track of my Central Provident Fund (CPF) accounts, it was heartening to see how it has grown over time. If you’re looking to get ...
Child Development Account School Account Central Provident Fund Parents Allowance Special Accounts Medisave Account

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