Almost $17 billion in interest credited to members’ CPF accounts in 2020

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 […]

Unequal outcomes not entirely due to ability and effort, says Tharman

unequal inequality

To tackle inequality, we must address both unequal opportunities and unequal outcomes, SM Tharman Shanmugaratnam said in an op-ed he wrote for the Straits Times. Unequal opportunities early in life have a way of ingraining the advantages and disadvantages that last through life, he said. There is also a need to temper with unequal outcomes […]

Grow your CPF with Matched Retirement Savings Scheme; 440,000 members qualify

Matched Retirement Savings

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 […]

MediSave Grant: guess who is paying juniors’ MediShield Life premiums?

MediSave Grant

Who is paying for juniors’ MediShield Life premiums? The straight and simple answer is the Government. Yup, you heard right. Through the MediSave Grant for Newborns, the Government is helping to pay juniors’ MediShield Life premiums. The Government has it all thought out. Before implementing MediShield Life in 2015, they introduced MediSave Grant for Newborns […]

More people topping up their CPF, beating social media cry

interest rates

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 […]

Preparing for Growth with Premium Increases

MediShield premium increase

As Singapore ages, so does our healthcare structure. To oil the machine of our healthcare, the government has set aside a portion of the MediShield Life Premiums for the future to moderate premium increases as people age, said Senior Minister of State for Health Koh Poh Koon on Monday (Nov 2). The Health Ministry had announced […]

More people topping up their CPF; Withdrawal at 55 gone down

CPF retirement fund

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 […]