If you are planning for your retirement and haven’t heard about the Supplementary Retirement Scheme (SRS), you might be losing out! What is Supplementary Retirement Scheme (SRS)? SRS is a voluntary scheme to encourage individuals to save for retirement, over and above their CPF savings. Contributions to SRS are eligible for tax relief and only […]
In our earlier articles (click here to refer), we looked at the projected CPF savings of a new joiner to the workforce with plans to get his own place after 5 years as well as a middle-aged profile looking at upgrading their property. In this article, we explore how a pre-retiree can balance between children […]
In our earlier article (click here to refer), we looked at the projected CPF savings of a new joiner to the workforce with plans to get his own place after 5 years. In this article, we will look at a middle-aged profile looking at upgrading their property. Profile 2: Susan and her husband own a […]
The 2019 Melbourne Mercer Global Pension Index which was published in October 2019 scored Singapore’s pension system (proxied by the CPF) a B, the highest rating accorded to an Asian country. The B score was also given to Scandinavian countries like Finland, Norway, Sweden and Switzerland so perhaps the notion that our pension system is […]
From next year, CPF members who are receiving payouts or will start to receive payouts under the Retirement Sum Scheme (RSS) may see an increase in their payout amount of up to $50. As part of the change, all extra interest earned from age 55 till start of payouts will now be used to increase […]
Retirement income insurance plans have been gaining popularity among Singaporeans when it comes to retirement planning. They help us diversify our retirement portfolio, encourage a disciplined savings habit and provide monthly guaranteed payouts during our golden years. As these plans are underwritten by insurance companies, they also provide some insurance coverage. While you may know […]
