[Post 589] [ENG SUB] How to grow your CPF monies | Behind Singapore’s CPF (3/5)

Summary

34-year-old Jocelyn Tay has been working for 10 years and already has $110,000 in her CPF Special Account! She’s not alone. Some Singaporeans have  even accumulated more than half a million dollars of CPF savings by their early 50s. How did they do it? Watch the video to find out more!

[Post 588] [ENG SUB] Demystifying CPF contribution rates | Behind Singapore’s CPF (2/5)

Summary

Most Singaporeans are familiar with monthly CPF contributions - 20% from their salary and 17% contributed by their employer. How were these numbers determined? Besides helping Singaporeans save for retirement, what other crucial role do these contribution rates play? Watch the video to find out more!

[Post 587] [ENG SUB] The significance of turning 55 and 65 | Behind Singapore’s CPF (1/5)

Summary

Singaporeans will have a CPF Retirement Account once we turn 55, and 10 years later when we turn 65, we can choose to start receiving monthly payouts. Why can’t we get our payouts earlier instead? Watch the video to find out more!

[Post 586] Govt will continue to enhance CPF scheme to boost Singaporeans' retirement adequacy: PM Wong

Summary

Prime Minister Lawrence Wong said the government will continue improving and enhancing the Central Provident Fund scheme "very carefully" to ensure it boosts retirement adequacy for Singaporeans. In an interview with Chinese local daily Lianhe Zaobao to mark 70 years of CPF, he said this will be done in consultation with Singaporeans. Mr Wong added that the government is also studying the idea of an opt-in retirement investment scheme. He also assured Singaporeans that, as long as they contribute to CPF from young, there should be enough protection for them when it comes to their retirement. Jeraldine Yap reports.

[Post 585] New measures to support Singaporeans in starting and raising families

Summary

Current and aspiring parents can look forward to new measures to support them in their familial journey — with details to be announced at this year's Budget and Committee of Supply. They include a new scheme to help large families with household expenses. The Manpower Ministry will also update details of its work with tripartite partners in having companies implement flexi-work arrangements. These updates come after over seven hours of debate in Parliament today, as over 20 members rose to discuss policies in building a Singapore made for families.

[Post 584] Money Talks Explains: Miles vs cashback credit cards

Summary

When choosing a credit card, which reward system should you go for – miles or cash rebates?

On the brand-new segment called Money Talks Explains, where we break down your financial questions, Tim Phillips from TimTalksMoney explains the pros and cons of each, the trade-offs and key factors to consider before choosing your next credit card.

[Post 583] Will the Johor-Singapore Special Economic Zone be a success? | Deep Dive podcast

Summary

The Johor-Singapore Special Economic Zone will sit on an area four times the size of Singapore, with nine zones covering everything from manufacturing to financial services. What are the opportunities and challenges of this ambitious agreement?

Steven Chia and Crispina Robert speak to Thilan Wickramasinghe, head of research in Singapore and regional head of financials at Maybank Investment Banking Group and Serina Rahman, lecturer at the department of Southeast Asian Studies at the National University of Singapore.