What retirement? I’m ready for life! See you at “Ready for Life” Digital Festival!
You know what? Retirement is the beginning of new life. Yup! It’s the start of a golden chapter of life’s journey. You don’t have to retire to do nothing. The things that you have always wanted to do but could not find time to do because there are datelines to meet, projects to handle. Now […]
70,000 take advantage of the Matched Retirement Savings scheme; $40 million in top-ups.
70,000 CPF members will receive about $40 million in matching grants from the Government in January 2022 for the cash top-ups made to their Retirement Account (RA) between 1 January and 30 June this year, the CPF Board said in a press release on 18 August. Singaporeans are wise to take advantage of the Matched […]
Almost $17 billion in interest credited to members’ CPF accounts in 2020
Last year, a total of $16.9 billion in interest earned was credited into members’ CPF accounts. The upward trend to voluntarily top-up CPF accounts continues Ever since people discovered that CPF is really a great way to build up their retirement funds through its attractive interest rates, there has been a upward trend to top-up […]
Grow your CPF with Matched Retirement Savings Scheme; 440,000 members qualify
Matched Retirement Savings Scheme (MRSS) Good news! The Government has introduced the Matched Retirement Savings Scheme (MRSS) to help senior Singaporeans who have yet to meet the Basic Retirement Sum (BRS) save more for retirement. Here’s how it works. For 5 years from 2021 to 2025, the Government will match dollar-for-dollar, cash top-ups made to […]
More people topping up their CPF, beating social media cry
More people are topping up their CPF savings and it’s not a surprise. Once you move away from the noise on social media and take time to understand the CPF Scheme, you will realise how good a scheme it is. It is not without reasons that the CPF Scheme is the top pension scheme in […]
More people topping up their CPF; Withdrawal at 55 gone down
What about you? Are you also actively saving for your retirement? Going by the increase in the number of top-ups, more members are taking active steps to save for their retirement. 198,000 top-ups amounting to $1.81 billion Despite the challenging economic conditions, more than 198,000 top-ups amounting to $1.81 billion were made in the first […]
How much are you giving up in interest if you withdraw all your CPF at 55?
How much are you giving up in interest earned if you withdraw all your CPF at 55? The answer is a lot. CPF interest rates for money in your retirement account are as follows: 6% for the first $30K 5% for the next $30k 4% for the remaining balance If you have $90,000 in your […]
Why do some people want to empty their CPF accounts early when it will hurt them later?
They have illogical fears that if they leave any money behind in the CPF, they will not see it as the Government will allegedly come up with more reasons to deprive them of their money.