Hit by the rising cost of living, workers in Singapore have to save nine years longer for an adequate retirement compared to previous generations, according to an HSBC report released on Wednesday (July 13). According to the report, the average…
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Singaporeans who work regularly and make prudent housing choices should have no worries in meeting their retirement needs through the mandatory Central Provident Fund (CPF) system, Manpower minister Tan Chuan-Jin has said, as he told the House that the retirement picture…
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By Non-Constituency MP, Gerald Giam [Delivered in Parliament on 3 Mar 2015] Mdm Speaker, The DPM and Finance Minister has laid out the key thrusts for the Government in his Budget statement. My speech will focus on retirement adequacy and…
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SINGAPORE: Singapore’s national savings scheme, the Central Provident Fund (CPF) system, should provide flexibility in areas such as lump sum withdrawals while maintaining its role of providing for retirement. The CPF Advisory Panel chair, Professor Tan Chorh Chuan, shared this…
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Factoring in one’s income level, gender and marital status in setting the Minimum Sum for different individuals could be one way to inject flexibility into the Central Provident Fund (CPF) system for different members. In addition, contribution rates and ceilings…
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