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5 ways to optimise your CPF literacy (and learn to grow your money)

5 ways to optimise your CPF literacy (and learn to grow your money)
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Endowus Singapore Retirement Report , Wei Mei Tan , Chief Advisory Officer , Retirement Sum Topping Up Scheme , Medisave Account , Retirement Account , Matched Retirement Savings Scheme , Basic Retirement Sum ,

More tapping CPF's stability to stretch savings


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
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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. ....

Wilson Loy , Kelvin Goh , Lorna Tan , Joel Siew , Standard Chartered Bank Singapore , Central Provident Fund , Straits Times , Retirement Sum Topping Up Scheme , Special Account , Full Retirement Sum , Retirement Accounts , Enhanced Retirement Sum , Lydia Ong , Business Amp Finance , கெல்‌விந் கோ , லோர்னா பழுப்பு , தரநிலை பட்டய வங்கி சிங்கப்பூர் , மைய வருங்கால நிதி , நீரிணை முறை , ஓய்வு தொகை முதலிடம் மேலே திட்டம் , சிறப்பு எண்ணுதல் , முழு ஓய்வு தொகை , ஓய்வு கணக்குகள் , மேம்படுத்தப்பட்டது ஓய்வு தொகை , லிடியா ஓங் , வணிக ஆம்ப் நிதி ,

Top-ups to retirement savings in CPF hit $3 billion


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Amid the uncertainties of the Covid-19 pandemic last year, 36 per cent more Central Provident Fund (CPF) members made account top-ups under the Retirement Sum Topping-Up Scheme, putting in a total of $3 billion in their or their loved ones accounts.
The Board yesterday said $1.2 billion of top-ups were made in the fourth quarter of last year alone.
In total, about 140,000 members boosted CPF savings last year.
More than one in three were first-timers, an increase of more than 50 per cent compared with the previous year, said the CPF Board.
The total top-ups last year were also 40 per cent more than the amount in 2019. Experts said the increase was probably spurred by rising awareness of the benefits of using CPF to save. ....

Kelvin Goh , Lorna Tan , Chui Leng , Central Provident Fund , Retirement Sum Topping Up Scheme , Special Account , Full Retirement Sum , Enhanced Retirement Sum , Tan Chui Leng , Matched Retirement Savings Scheme , Retirement Account , கெல்‌விந் கோ , லோர்னா பழுப்பு , சுத்தி லெங் , மைய வருங்கால நிதி , ஓய்வு தொகை முதலிடம் மேலே திட்டம் , சிறப்பு எண்ணுதல் , முழு ஓய்வு தொகை , மேம்படுத்தப்பட்டது ஓய்வு தொகை , பழுப்பு சுத்தி லெங் , பொருந்தியது ஓய்வு சேமிப்பு திட்டம் , ஓய்வு எண்ணுதல் ,

How much you really need for dream retirement?


Lower monthly payouts 
Based on the type of retirement income you wish to have, you can then choose the type of plan that suits your needs.
Other important things to consider would be:
1.  How much retirement income do you wish to receive?
2.  How much retirement savings should you set aside in order to receive this income every month in retirement?
3.  What should you do if the retirement savings you currently have do not meet the above sum?
But before that, let’s look at the retirement lifestyles you could be envisioning and estimate how much that would cost.
What are some desired retirement lifestyles in Singapore? ....

Department Of Statistics , Household Expenditure , Escalating Plan , Basic Plan , Expenditure Survey , Household Expenditure Survey , Retirement Account , Retirement Sum Topping Up Scheme , Ordinary Account , Full Retirement Sum , Basic Retirement Sum , துறை ஆஃப் புள்ளிவிவரங்கள் , வீட்டு செலவு , அடிப்படை திட்டம் , செலவு கணக்கெடுப்பு , வீட்டு செலவு கணக்கெடுப்பு , ஓய்வு எண்ணுதல் , ஓய்வு தொகை முதலிடம் மேலே திட்டம் , ஆர்டிநரீ எண்ணுதல் , முழு ஓய்வு தொகை , அடிப்படை ஓய்வு தொகை ,

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 your finances sorted before the year ends, here are some CPF things you can look at! ....

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