Managing CPF Savings For Your Retirement
This course is meant for Singaporean and Permanent Residents.
This course will help you understand how you can manage your CPF accounts to meet your retirement needs. CPF stands for Central Provident Fund. The Central Provident Fund (CPF) was introduced in Singapore in 1955. It is a compulsory savings scheme which ensured that workers could support themselves with dignity in retirement.
The following topics will be covered:
- How CPF schemes fit into your retirement plan
- Challenges ahead
- CPF insurance schemes
- Life and Health Insurance Planning
- Your CPF Accounts explained
- Important Figures - Minimum Sum, Medisave Required Amount, Medisave Minimum Sum
- Case Studies
- CPF Investment Schemes (CPFIS)
- Your Child's CPF Education Loan
- Sales of properties bought using CPF after age 55
- Working after and 55 and the corresponding CPF rates
- Draw Down Age
- CPF LIFE Plans
- working adults
- MoneySENSE Core Financial Capabilities Framework
- Module Introduction
- 01 How Does CPF Prepare You For Retirement?
- 02 Your CPF Accounts
- 03 How Much Do You Want Your Payout To Be?
- 04 Topping Up CPF
- 05 How To Find Out About CPF Life Payouts
- 06 Will You Outlive Your Savings?
- 07 CPF Nominations and Summary
- CPF Quiz
- Additional Resources
- CPF Life is .......
Peggy Chan, Financial Literacy Trainer, Institute for Financial Literacy
Peggy has 8 years of experience in the financial services industry, helping clients understand their financial needs, objectives and risk tolerance as well as reviewing company policies and procedures to ensure compliance. She was also an adjunct lecturer with a Polytechnic, teaching insurance and retirement planning subjects.
Prior to joining the financial services sector, Peggy was working in the information technology sector for 13 years, first in a government agency and subsequently served as a Senior Systems Analyst in an international bank.
She is a Certified Financial Planner, which is a professional certification specific to retirement planning and wealth accumulation in addition to overall financial planning.
Peggy has a Masters of Science, majoring in Network Management. She also holds other industry certification in M5, M8, M8A, M9 and HI.
The MoneySENSE-Singapore Polytechnic Institute for Financial Literacy is a collaboration between MoneySENSE, the national financial education programme in Singapore and Singapore Polytechnic.
MoneySENSE is spearheaded by the public-sector Financial Education Steering Committee which comprises representatives from the Ministry of Health, Ministry of Social and Family Development, Ministry of Education, Ministry of Manpower, Central Provident Fund Board, Monetary Authority of Singapore, National Library Board and People’s Association.
Our financial education courses cover basic money management, financial planning and investment know-how.