That’s not true. As long as you earn more than $50 a month, your employer will need to make a CPF contribution for you. This also applies if you’re working part-time or temporary jobs such as internships and holiday jobs.
In fact, you should receive a CPF contribution from your employer as long as you …

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The answer is…No. From 1 January 2016, you no longer need to top-up your Medisave Account (MA) with your savings in your Ordinary Account (OA) or Special Account (SA) before you can make a withdrawal from your OA and/or SA at age 55 – even if you do not meet your Basic Healthcare Sum (BHS).

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You may have received a message or seen rumours circulating on social media about your CPF nomination. Are those rumours true? Read on to get the answers to common misconceptions about the CPF nomination.
 
Myth #1: My Medisave savings will go to the government when I pass on.

False! When you make a …

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When it comes to making important long-term financial decisions, one common dilemma is whether to prioritise our own retirement needs over our children’s needs. We want the best for our children, but it is also important to be realistic about our future needs. If you don’t invest and have no alternative source of income, …

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With enhanced coverage under MediShield Life, many wonder if they still need private insurance plans.
Under MediShield Life, all Singapore Citizens and Permanent Residents are now covered for life with better protection against large hospital bills. It’s good to start thinking if you require additional coverage. This will help you better manage your healthcare expenses …

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Purchasing a home is one of the most expensive transactions that Singaporeans can make. Home ownership is an important pillar for your retirement as you can use your home as an additional source of income when you retire. As such, you have the option of using your CPF savings to finance your home loan.
In …

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MediShield Life has started on 1 November 2015. This means all Singapore Citizens and Permanent Residents – including the very old and those with pre-existing conditions – are now covered for life with better protection against large hospital bills. With better benefits, MediShield Life premiums will have to increase, but they will be affordable.

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If you meet the Basic Retirement Sum, Full Retirement Sum and Enhanced Retirement Sum – you can get different levels of payouts. Find out what happens if you don’t have enough savings.

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