Saturday, 15 February 2025

[Post 591] [ENG SUB] Is it still going strong? | Behind Singapore’s CPF (5/5)


Summary

Singapore’s CPF system has been in place for nearly 70 years. Even though it’s been widely recognised as Asia’s top pension system,  it has also faced a fair share of scepticism from time to time. Is CPF still going strong? Watch the video to find out more!

[Post 590] [ENG SUB] Are we stretching it too thin? | Behind Singapore’s CPF (4/5)


Summary

Some of our major milestones in life like buying a home and having children can be financed with CPF savings. While CPF was originally established in the 1950s with the primary goal of providing retirement safety, its uses have gradually expanded to homeownership and healthcare expenses. With so many uses, are we spreading our CPF too thin? Watch the video to find out more!

Friday, 14 February 2025

[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!

Thursday, 13 February 2025

[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.

Wednesday, 12 February 2025

[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.