Whether you’re a fan or critic of the CPF, we all have to admit that it is a fact of life in Singapore. So why not make the most of it and maximise your CPF savings for your retirement?
While the limitation of your CPF savings is that you can only withdraw it when you reach 55 years of age, the upside is that you’re putting your money in a effectively risk-free AAA-rated investment that pays you 4% returns annually. You’d be hard-pressed to find anything like that elsewhere in the markets.
So if you’re the kind that doesn’t mind saving your money in CPF till you’re 55, then here are four ways to maximise and grow your CPF savings for retirement:
