In my previous post, I gave an overview of my Superannuation in Australia and Central Provident Fund (CPF) in Singapore. This post will be about my personal opinion on which retirement scheme I prefer. It's important to note that Superannuation and CPF serve as retirement funds in Australia and Singapore respectively where the cost of living, tax rates, lifestyle etc are different.
It can be difficult to compare these two retirement schemes on a level playing field. This comparison might not be fair but it will be based on my experience and views. At the very least, isn't it interesting to read about how different retirement schemes measure up against each other?
Employer Contributions
The purpose of retirement schemes is to provide you with income in retirement. The more funds you have in the retirement schemes, the more income you will receive when you retire and stop working. Employer contributions ......