Managing CPF Savings For Your Retirement
Managing CPF Savings For Your Retirement, For Singaporean and PRs. Understand your CPF accounts and the changes at age 55. Learn about Minimum Sum and CPF Life.
This course is meant for Singaporean and Permanent Residents.
This course will help you understand how you can manage your CPF accounts to meet your retirement needs. CPF stands for Central Provident Fund. The Central Provident Fund (CPF) was introduced in Singapore in 1955. It is a compulsory savings scheme which ensured that workers could support themselves with dignity in retirement.
The following topics will be covered:
- How CPF schemes fit into your retirement plan
- Challenges ahead
- CPF insurance schemes
- Life and Health Insurance Planning
- Your CPF Accounts explained
- Important Figures – Minimum Sum, Medisave Required Amount, Medisave Minimum Sum
- Case Studies
- CPF Investment Schemes (CPFIS)
- Your Child’s CPF Education Loan
- Sales of properties bought using CPF after age 55
- Working after and 55 and the corresponding CPF rates
- Draw Down Age
- CPF LIFE Plans
