CPF Minimum Sum
60% don't withdraw CPF when reached 55 - 09Oct2011Dec 04, 2011
SINGAPORE: The Central Provident Fund (CPF) Board has launched a campaign "Are You Ready" to help Singaporeans kickstart their retirement planning. It will help to educate them on financial literacy with a checklist of four themes - cash flow, heath care, housing and retirement. Speaking at the launch of the campaign on Sunday, Minister of State for Manpower and National Development Tan Chuan-Jin noted that some Singaporeans are already ensuring that they have enough savings. He said records from the CPF Board showed that about 60 per cent of members do not make withdrawals when they reach the age of 55. Brigadier-General Tan also said that many CPF members have been voluntarily making top-ups for their loved ones through the Minimum Sum Topping-up Scheme. Over the past five years, the number of these transactions has gone up by 36 per cent while the top-up amount has grown by 33 per cent. Last year, there were about 30000 minimum sum top-up transactions, amounting to S$250 million.
CPF Connects - Raffles Insitution Team 2 - What's it to me?Apr 06, 2011
What's CPF to me? Our team aims to find out how CPF is beneficial to the elderly. Sit back and relax! Please watch and comment! Raffles Institution Team 2
Lim Swee Say -- Making savings work for youFeb 19, 2012
www.ntuc.org.sg Why is CPF important? NTUC Secretary-General Lim Swee Say explains how Singaporeans can benefit from the CPF scheme.
GE: SDP released its manifesto with 10 promises - 09Apr2011May 07, 2011
Dear viewers, I'll be uploading all the new videos to a new acc in the future: www.youtube.com This is due to mediacorp reporting the video to youtube. ☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺☺ SINGAPORE: The opposition Singapore Democratic Party (SDP) has released its manifesto ahead of the general election. The statement is crystallised from its shadow budget "It's About You" which outlines the party's alternative economic programme. The manifesto covers two parts - constituency specific targets and national issues. They include: contributing half of the MP's allowance to fund programmes for the needy, ensuring public funds are not used in risky investments, abolishing GST for essential goods and services, and abolishing the CPF Minimum Sum scheme - where citizens set aside some money for their pension fund. Dr Vincent Wijeysingha, Assistant Treasurer of the SDP, said: "We place the individual and the family and the context of their community at the heart and the centre of our values, our philosophies, our programmes." The party said its manifesto is culled from feedback received over the years. "This is not just hot air that we're spewing, we want them (voters) to track us. We want them to hold us responsible so that when we get into Parliament during the four or five years parliamentary life, we want them to tell us whether we've met their expectations or not. That is the main focus of the SDP Promise," said Dr Chee Soon Juan, Secretary-General ...
More Singaporeans top up CPF savings of their loved onesFeb 16, 2011
The number of Singaporeans taking part in the Minimum Sum Topping-Up scheme last year rose 24 percent compared to 2009, says the Central Provident Fund Board. First published Feb 15 2011. Copyright © 2011 MediaCorp Pte Ltd. All Rights Reserved.
Retirement NightmareFeb 18, 2011
this one's for my finance presentation.. it's about the CPF Minimum Sum Scheme. Enjoy!
