Misconception and ignorance are blinding many people from being able to enjoy a decent and lifelong retirement income. That Singapore has an easy-to-join national retirement scheme will probably come as a surprise to such people given the harmful myths that swirl around the scheme.
Yes, we are talking about the Central Provident Fund (CPF) and its “lifelong income for the elderly” annuity. This retirement scheme is rated by both foreign and local experts as one of the best in the world, yet it remains a misunderstood financial product among many people.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
