Q: It’s nearly the end of the year. If I haven’t done anything on the Central Provident Fund or Supplementary Retirement Scheme (SRS) front, are there any tips on what I should do?
Central Provident Fund is a key area of your finances that should not be neglected. Topping up the various accounts will boost your retirement funds and give you some tax relief. CPF is an effective instrument to reap the benefits of compounding over the long run, says DBS Bank head of financial planning literacy Lorna Tan.