CPF Life

CPF Life vs ILP: a false choice?

Phrases like "capital guaranteed on death" are being challenged as some agents use misleading comparisons to clinch a sale. Genevieve Cua and financial expert Christopher Tan of Providend expose this ...

Be wary of sales pitches that dangle high income but are not explicit on where risks lurk.
MIND THE GAP

Should you sacrifice some CPF Life income in favour of ILPs? Tread carefully

Consumers should educate themselves about the Retirement Sum Scheme and CPF Life, and view how these fit into their retirement plan

MAS says it expects financial adviser representatives to "act honestly and in the interests of customers when providing financial advice".

‘Capital guaranteed’ label for investment-linked policies misleading: MAS, Life Insurance Association

The death benefit of ILPs typically has a guaranteed component, but there is no capital guarantee

Errant investment advice on CPF Life and ILPs could compromise retirement adequacy in the long run.
MONEY WISDOM

The retirement advice that worries me the most

While ‘recommended’ options may look compelling on paper, careful scrutiny is essential

Don't scoff at earning at least 2.5% per annum on CPF savings in an unpredictable world.
SENSE & CENTS

Think hard about embracing the new CPF life-cycle investment scheme 

In an increasingly volatile world, hold some risk-free investments 

Homeownership is often seen as a key pillar to ensuring financial adequacy for retirement.
SENSE & CENTS

Mind the costs of using CPF savings to buy a home

Aim for higher payouts under CPF Life and enjoy good interest rates on CPF savings

Senior Minister of State for Manpower Koh Poh Koon (second from left) said that, unlike rental income, CPF Life payouts are not taxable.

CPF Life gives monthly payout, much like rental income from property: Koh Poh Koon

[SINGAPORE] Topping up one’s savings in the Central Provident Fund (CPF) account is akin to investing in a property for a regular source of income in one’s old age.

A 64-year-old retiree said his existing card was cancelled when he tried to increase its credit limit for an overseas holiday.

DBS, OCBC and UOB to recognise CPF Life payouts as income in credit card applications

[SINGAPORE] – Applicants for DBS, OCBC and UOB credit cards will be able to use their CPF Life payouts as proof of income under policy updates by the banks.