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CPF Savings

7 Steps To Withdraw Your CPF Funds At 55 Using PayNow

Withdraw CPF After 55 Using PayNow

Congratulations on reaching this important milestone at 55 years old! Now that you have greater control over your CPF, you may be wondering how to go about withdrawing your funds.

My dad allowed me to use his CPF account to perform a withdrawal, and here’s a step-by-step guide on how to do so:

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CPF Savings

The Ultimate Guide To The CPF Retirement Sums

CPF Retirement Sum Guide

Last updated on November 16th, 2021

You have heard of the 3 retirement sums, namely the BRS, FRS and ERS under the CPF Retirement Sum Scheme. However, you still have questions on what are they about, or how to go about saving towards it.

Therefore, this article will help to cover these burning queries by collating and answering the most important questions that you may have. Sit tight and enjoy!

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CPF Savings

15 Things You Didn’t Know About Your CPF SA

CPF SA Guide 1

Last updated on October 29th, 2021

Welcome to this cozy corner of the internet, where you can pick up little nuggets of financial knowledge to improve your personal wealth.

Although I am sure we have all heard of the CPF Special Account (SA), we do not usually pay much attention to it as there are limited ways to use our savings there.

To save you the trouble of having to navigate through the CPF website, here are 15 answers to questions that you may have about your SA. Sit tight and enjoy!

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CPF Savings

CPF SA OR SRS – Which Should You Top Up?

CPF SA vs SRS

Last updated on November 16th, 2021

Welcome to this cozy corner of the internet, where you can pick up little nuggets of financial knowledge to improve your personal wealth.

After working for a number of years, you have accumulated some savings which you intend to set aside for your retirement goals. However, you are unsure on whether to save them in your CPF Special Account (SA), or grow them through investments in your Supplementary Retirement Scheme (SRS) account.

This article will help you to make a more informed choice by first making a comparison between the two schemes, followed by some suggestions on how to save for your retirement using both your SA and SRS.

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CPF Invest SRS

Investing In CPFIS vs SRS – What’s The Difference?

CPFIS vs SRS

Last updated on November 16th, 2021

You have just started to set aside some savings to invest towards your retirement goals.

However, you are still undecided on how much to allocate to the CPF Investment Scheme (CPFIS) or the Supplementary Retirement Scheme (SRS).

This article will guide you through your dilemma by first making a comparison between the two schemes, followed by some suggestions on how to best save for your retirement using both CPFIS and SRS.

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Savings

How To Repay Your OCBC Student Loan

How To Repay OCBC Student Loan

You may have taken a tuition fee loan with OCBC to fund your NUS or NTU tuition fees.

The best part is that the loan is interest free during your university course!

However, once your course is over, you may be wondering how you should go about paying it.

Here is my experience with repaying my tuition fee loan with OCBC.

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Savings

How Much Cash Savings Should I Have In Singapore?

Cash savings reformat

Last updated on June 10th, 2021

You may be thinking: if you save enough cash, you should have enough for retirement right?

However, have you factored in inflation in your calculations?

By leaving your cash in a bank account, its value will slowly erode away due to inflation!

I used to think that by saving money, you should have enough to last you in the future. However, here’s what I believe you should be doing with your cash instead.

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CPF Savings

Should CPF Be Considered As Part Of Your Net Worth?

CPF in net worth reformat

Last updated on November 16th, 2021

As you are calculating your net worth, you may wonder if you should be including your CPF in the calculation.

Even though it’s your money, it is being ‘locked up’ the government. So should it be still considered as an asset?

Here is my opinion on why you should still consider CPF as a part of your net worth.

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