Category: Retirements
Retirements related Matters in Singapore
Attractive CPF interest rates are why more people are choosing to top up their CPF and it is an increasing trend. Find out more.
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More people now realize that CPF interest rates are a very attractive way to build up their retirement fund. More are voluntarily topping up their CPF including young people younger than 35.
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Bear in mind that in CPF this is compound interest, not simple interest. The rates are also guaranteed by the Government. This means that even when the economy is doing badly, you are assured of the interest earned.
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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.
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.
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