Recently Mr Budget received a comment from a reader (thank you! We love reading them!) commenting on the CPF scheme.
Ronald shared his views that I should do a calculation on the CPF Life annuity scheme to see if it is a fair deal before committing so much into CPF, after all CPF contribution is a one way street – once you put in the money, you can only see it more than 25 years later.
That prompted Mr Budget to do some digging.
Many in the financial space will be familiar with Kyith’s work from Investment Moats, and we are also big fans of his.
Kyith always use data to support his articles, and when we dug deeper into his archive of works, we found that he calculated the returns of CPF Life, which saved us the trouble of doing the calculation ourselves.
In case you are unfamiliar
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