Managing CPF Savings For Your Retirement
4.1 (53 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
3,352 students enrolled

Managing CPF Savings For Your Retirement

For Singaporean and PRs. Understand your CPF accounts and the changes at age 55. Learn about Minimum Sum and CPF Life.
4.1 (53 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
3,352 students enrolled
Last updated 4/2018
English
English [Auto-generated]
Price: Free
This course includes
  • 43 mins on-demand video
  • 2 articles
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What you'll learn
  • To better understand how to prepare for retirement in Singapore
  • To understand and manage CPF money for your retirement

Requirements
  • nil
Description

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
Who this course is for:
  • working adults
Course content
Expand all 18 lectures 45:43
+ Introduction
2 lectures 02:11

In this Lecture, find out more about MoneySENSE's core financial capabilities:

  • Understanding Money
  • Understanding yourself, your rights and responsibilities
  • Managing everyday money
  • Planning ahead
  • Selecting financial products
MoneySENSE Core Financial Capabilities Framework
01:33

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:

  1. Basic Steps In Retirement Planning
  2. Constructing Your Retirement Plan
Module Introduction
00:38
+ Retirement Account From Age 55
11 lectures 37:04

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.

CPF Account Basics
04:00

In this lecture, we look at the various Retirement Sum options available.

Setting Aside CPF for Retirement
06:54

In this lecture, we look at the various Retirement Sums for those reaching 55 from 2003 to 2017

Retirement Sums
03:26

This lecturer discusses the various CPF Retirement Sums.

Retirement Sum Options
01:33

In this lecture, we look at:

  • CPF Investment and Education Loan after 55
  • Sale of Property after 55
  • Property Pledge
Property Charge or Pledge
02:30

In this lecture, we look at past and future CPF Retirement Sums

Retirement Sums Past and Future
00:53

In this lecture, we discuss the various ways of topping up CPF accounts.

Topping Up Options
03:05

In this lecture, we look at the various details of the CPF LIFE scheme.

CPF LIFE
01:36

This lecture compares between the various CPF LIFE plans.

CPF LIFE Plans
05:44

In this lecture, we consider the topic of CPF Nominations.

CPF Nomination
01:37

We present 3 case studies and various options that can be considered.

Case Studies
05:46

Try this quiz to test your understanding about CPF.

CPF Quiz
6 questions
+ Conclusion
5 lectures 05:17

In this video, we look at upcoming changes to the CPF Investment Scheme.

CPF Investment Scheme Changes
01:25

Before investing your CPF money, do consider the fact that many CPF investors end up getting their fingers burnt.

http://www.straitstimes.com/singapore/many-cpf-investors-get-their-fingers-burnt

Should I invest my CPF monies?
01:37

In this lecture, we conclude the module Managing CPF Money For Your Retirement.

Conclusion
00:32

This lecture contains links to additional resources where you can learn more about money matters pertaining specially to Singaporeans.

Additional Resources
00:31
CPF Life is .......
4 questions

This is a summary of this module.

Summary
01:12