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:
In this Lecture, find out more about MoneySENSE's core financial capabilities:
This intro video covers the main objectives of this module.
Take note that this module is the third module in the series of retirement planning. The first two modules are:
CPF is a compulsory savings scheme started in 1955 to help workers take care of themselves in their old age. In the larger scheme of one's retirement, it should constitute income to meet just the basic needs.
Longer life expectancy and higher health care costs due to illness and disability can deplete retirement savings quickly, having adequate health insurance is neccesary to counter such risks.
We shall consider the CPF Life and Health Insurance schemes that are available in Singapore. Careful planning to sustain premiums for various types of health insurance throughout retirement is as important as taking up cover early when one is insurable.
In this lecture, we look at the various Retirement Sum options available.
In this lecture, we look at the various Retirement Sums for those reaching 55 from 2003 to 2017
In this lecture, we look at:
In this lecture, we look at the various details of the CPF LIFE scheme.
This lecture compares between the standard and basic CPF LIFE plans.
In this lecture, we consider the topic of CPF Nominations.
In this lecture, we consider the various options related to CPF LIFE.
In this lecture, we look at future CPF Schemes in Singapore.
In this lecture, we look at various ways of boosting your retirement savings.
We present 3 case studies and various options that can be considered.
Before investing your CPF money, do consider the fact that many CPF investors end up getting their fingers burnt.
In this lecture, we conclude the module Managing CPF Money For Your Retirement.
This lecture contains links to additional resources where you can learn more about money matters pertaining specially to Singaporeans.
This is a summary of this module.
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.