This module gives you an overview of the CPF system and how CPF provides the foundation for retirement. Through this module, you will be able to:
- Estimate how much one can withdraw for immediate needs at age 55 and 65
- Explain how CPF LIFE provides monthly payouts for life
- Identify ways to grow CPF savings
- Explain why one should make a CPF Nomination
A Certificate of Completion will be sent to your registered e-mail address within 5 working days, upon successful completion of the course. Candidate must also answer at least 75% of the questions correctly.
Online learning programmes are NOT ELIGIBLE for refund and cancellation once payment has been made.
Course Outline
| 1 |
Overview of CPF System |
| 1.1 |
3 Basic Needs in Retirement |
| 1.2 |
CPF Accounts & Interest Rates |
| 2 |
Ways to Grow CPF Savings |
| 2.1 |
Retirement Sum Topping Up Scheme (RSTU) |
| 2.2 |
Matched Retirement Savings Scheme (MRSS) |
| 2.3 |
Voluntary Housing Refund (VHR) |
| 2.4 |
MediSave Top-ups |
| 2.5 |
Top-ups to 3 Accounts |
| 2.6 |
Applicable Tax Reliefs |
| 2.7 |
CPF Investment Scheme (CPFIS) |
| 3 |
CPF Withdrawals |
| 3.1 |
Creation of Retirement Account at Age 55 |
| 3.2 |
Withdrawals at Age 55 and 65 |
| 4 |
CPF LIFE |
| 4.1 |
CPF LIFE Plans & Payouts |
| 4.2 |
Members Not on CPF LIFE |
| 4.3 |
Housing Monetisation for Lifelong Retirement Income (Silver Housing Bonus & Lease Buyback Scheme) |
| 5 |
CPF Nomination |
| 5.1 |
Nomination Process |
| 5.2 |
What's Covered Under CPF Nomination |
| 5.3 |
Review of Nomination |
| 6 |
Assessment (10 Questions) |
Duration: 3 hours
Date(s): Access provided for 1 month from confirmation of payment receipt.
Time: N.A
Venue: SCI Online Global Classroom
CPD Hours: 3 CPD hours
Closing Date: Registration will close once all available places have been filled.
Course Fee: S$54.50
(Inclusive of prevailing GST rate)
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