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I was recently looking through my parents’ finances as part of their year-end finances review. Being the one who is oddly interested in numbers and all things finance, I was the appointed kid to advise on their upcoming retirement plans. Which led us to look through the CPF Retirement Schemes. We were considering the options between the different retirement sums....
Most Singaporeans will use their CPF in some form, to purchase their property. This has resulted in some debates over the years, regarding how much of our CPF we should use; or whether HDB upgraders should be using more cash instead. In the following guide, we clarify how – and how much – of your CPF can be used when...
More than half of Singaporeans will run out of money in the last 14 years of their lives, a survey finds.. Read more at straitstimes.com.
To be eligible for the matching grant, CPF members must be between age 55 and 70, with less than the prevailing Basic Retirement Sum (S$93,000) in their Retirement Account. More details here.
You don’t have to wait till you’re old and wizened to use the money in your CPF account. The first time you’ll find yourself using your CPF monies is usually to buy a home. The money in your CPF OA can be put towards the purchase of any kind of home in Singapore, HDB or private, resale or under construction,...