The Central Provident Fund (CPF) is an essential part of Singapore’s social security system, requiring contributions from both employers and employees. Understanding how CPF contributions are calculated helps you plan your finances, verify your payslips, and make informed decisions. This guide details the CPF calculation process, including contribution rates, allocation across accounts, and important considerations. … Read more
The Central Provident Fund (CPF) is a cornerstone of financial planning in Singapore, providing for retirement, housing, healthcare, and more. While CPF savings are primarily meant for long-term needs, withdrawal options are available under specific conditions. This guide offers an exhaustive look at CPF withdrawals, eligibility criteria, processes, and considerations. 1. Overview of CPF Withdrawals … Read more
The Central Provident Fund (CPF) is a comprehensive social security system designed to meet the retirement, healthcare, and housing needs of Singaporeans and Permanent Residents (PRs). Established in 1955, CPF is a mandatory savings plan to ensure financial security during retirement and beyond. This guide covers every aspect of CPF, from its structure to its … Read more
