Stay in or cash out? That is the question for many people as they near 55 and the enticing pot of CPF money awaits. Some Singaporeans resist the temptation to grab their Central Provident Fund (CPF) savings, and leave the funds untouched so they can keep capitalising on the attractive interest rates before they eventually retire.
But 51 per cent of those who withdrew their cash on reaching 55 parked the funds in savings accounts at banks and finance firms, according to a recent survey.
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