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Engagement Session with CPF Board
๐๐บ๐ฝ๐ผ๐๐ฒ๐ฟ๐ถ๐ป๐ด ๐๐ถ๐ป๐ฎ๐ป๐ฐ๐ถ๐ฎ๐น ๐ฆ๐ฒ๐ฐ๐๐ฟ๐ถ๐๐ ๐ณ๐ผ๐ฟ ๐๐ถ๐ณ๐ฒ: ๐๐ถ๐ด๐ต๐น๐ถ๐ด๐ต๐๐ ๐ณ๐ฟ๐ผ๐บ ๐๐ต๐ฒ ๐๐ฃ๐๐-๐ฆ๐๐ ๐๐ป๐ด๐ฎ๐ด๐ฒ๐บ๐ฒ๐ป๐ ๐ฆ๐ฒ๐๐๐ถ๐ผ๐ป
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On ๐ญ๐ด ๐๐๐น๐ ๐ฎ๐ฌ๐ฎ๐ฑ, the CPF Board and the Singapore College Of Insurance (๐ฆ๐๐) came together to host an engaging session for financial adviser representatives and industry professionals - diving deep into CPFBโs evolving role in its membersโ retirement planning.
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๐๐ฒ๐ ๐๐ฒ๐ฎ๐ฟ๐ป๐ถ๐ป๐ด๐ ๐ณ๐ฟ๐ผ๐บ ๐๐ต๐ฒ ๐ฆ๐ฒ๐๐๐ถ๐ผ๐ป:
๐น ๐๐ฃ๐ ๐๐๐๐: ๐๐ฃ๐ ๐๐ถ๐ณ๐ฒ๐น๐ผ๐ป๐ด ๐๐ป๐ฐ๐ผ๐บ๐ฒ ๐๐ผ๐ฟ ๐๐ต๐ฒ ๐๐น๐ฑ๐ฒ๐ฟ๐น๐
CPF LIFE ensures monthly payouts for life โ insures Singaporeans against outliving their savings. Choosing the right plan (Standard, Escalating, or Basic) depends on how willing you are to adjust your retirement lifestyle, as things become more expensive.
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๐น ๐ง๐ผ๐ฝ-๐จ๐ฝ๐
Grow your retirement savings and benefit from the power of compounding interest to enjoy higher monthly payouts when you retire. For cash top ups to yourself, you are eligible for tax relief every year, terms and conditions apply.
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๐น ๐ ๐ฎ๐๐ฐ๐ต๐ฒ๐ฑ ๐ฅ๐ฒ๐๐ถ๐ฟ๐ฒ๐บ๐ฒ๐ป๐ ๐ฆ๐ฎ๐๐ถ๐ป๐ด๐ ๐ฆ๐ฐ๐ต๐ฒ๐บ๐ฒ (๐ ๐ฅ๐ฆ๐ฆ)
The Government will match cash top-ups to eligible membersโ Retirement Account, dollar-for-dollar, up to $2,000, to boost their CPF savings, terms and conditions apply.
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๐น ๐๐ฃ๐ ๐๐๐๐ ๐๐ ๐ฃ๐ฟ๐ถ๐๐ฎ๐๐ฒ ๐๐ป๐ป๐๐ถ๐๐ถ๐ฒ๐
CPF LIFE payouts remain higher than that of private annuities.
This is because CPFโs interest rates has been factored when computing payouts, and there is no profit margins or commissions involved for CPF LIFE.
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๐น ๐ฃ๐๐๐ก ๐๐ถ๐๐ต ๐๐ฃ๐
PLAN with CPF is a one-stop portal with CPF planners and resources to help you optimise your financial decisions, for eg, planning for your home purchase, healthcare financing and legacy planning.
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This session reinforces how ๐ฐ๐ผ๐น๐น๐ฎ๐ฏ๐ผ๐ฟ๐ฎ๐๐ถ๐ผ๐ป ๐ฏ๐ฒ๐๐๐ฒ๐ฒ๐ป ๐ฝ๐๐ฏ๐น๐ถ๐ฐ ๐ถ๐ป๐๐๐ถ๐๐๐๐ถ๐ผ๐ป๐ ๐ฎ๐ป๐ฑ ๐ณ๐ถ๐ป๐ฎ๐ป๐ฐ๐ถ๐ฎ๐น ๐ฎ๐ฑ๐๐ถ๐๐ฒ๐ฟ ๐ฟ๐ฒ๐ฝ๐ฟ๐ฒ๐๐ฒ๐ป๐๐ฎ๐๐ถ๐๐ฒ๐ is key to building financial literacy and enhancing consumer trust for the financial advisory community.
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A heartfelt thank you to our speakers from CPFB for sharing their deep insights - and to all attendees for your participation, questions, and commitment to uplifting financial advisory standards in Singapore.
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For more information, contact events@scidomain.org.sg
More details will follow.
