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For greater peace of mind in your golden years, it’s important to take care of these three needs.
Depending on your age, CPF contribution rates can range from 12.5% to 37% of your monthly wages.
Earn stable interest of up to 5% per annum if you’re below 55. Gain up to 6% per annum if you’re 55 and older.
Besides retirement, you have the flexibility to use your CPF savings for a variety of other needs.
When you retire, your CPF savings can offer a source of funds to meet your daily expenses. Here’s how.
Upon death, your CPF savings will be paid out and distributed. If a CPF Nomination is made, it will be distributed to the nominee(s) in the proportion stated.
Without a CPF Nomination, CPF savings will be transferred to the Public Trustee for distribution in accordance with the intestacy or Muslim inheritance laws of Singapore.