Daphne Lye, Financial Planning Lead said in an interview that CPF is one of the options for parents to help their children increase their savings. The main benefit is that they can obtain a government-guaranteed return to a certain extent, locking in a significant compound interest effect for their children. This can also allow children to be exposed to and cultivate the habit of long-term saving through the provident fund system from an early age. The main disadvantage of this approach is the lack of liquidity and reduced flexibility in using funds. Of course, due to the long capital lock-up period, you may face risks caused by policy changes.
理财锦囊：为娃娃填补公积金 “存出”百万小富翁
MoneyOwl on Lianhe Zaobao
16 February 2025
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Daphne Lye, Senior Solutions Lead of MoneyOwl, pointed out that the Central Provident Fund (CPF) is the cornerstone of Singapore’s retirement planning. The CPF-related adjustments that will take effect next year can help Singaporeans increase their retirement savings.
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Daphne Lye, Financial Planning Lead at MoneyOwl, said that when evaluating existing insurance plans, one should consider whether adjustments are necessary based on the new environment and life goals. The important thing is to ensure that one and one’s family do not pay excessive premiums but receive adequate protection. She provides the following basic insurance guidelines:...
21 Nov 2025
In The News
Chuin Ting Weber, CEO and CIO of MoneyOwl, encouraged early retirement planning and CPF top-ups. The earlier you start retirement planning, the better. She suggested that the public start by understanding their existing CPF savings and setting a target monthly income for retirement. They should also set a certain amount to invest or top up their...
25 Oct 2025
In The News
