Money Manager: CPF 101 - Maximizing Your CPF Benefits
Added Sep 26, 2018
21 min 20 sec
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Summary
Shikha Gaur and Professor Sumit Agarwal explain the basics of Singapore’s CPF system and offer strategies for maximizing its benefits. They cover key aspects of CPF accounts, contributions, and effective management tips to help Singaporeans optimize their CPF savings for retirement, healthcare, and housing.
In this episode of Money Manager, Shikha Gaur, Senior Vice President and Head of Wealth Management Singapore at Aon Singapore, and Professor Sumit Agarwal, Head of the Department of Finance at NUS Business School, provide a comprehensive guide to Singapore’s Central Provident Fund (CPF).
Understanding CPF Basics
Shikha Gaur and Professor Agarwal break down the fundamentals of CPF, explaining its purpose, components, and how it works. They cover key areas such as contributions, withdrawals, and the different CPF accounts (Ordinary Account, Special Account, and Medisave Account).
Strategies to Maximize CPF Benefits
The discussion also includes practical strategies for maximizing CPF benefits. Professor Agarwal and Shikha Gaur offer tips on how to effectively manage your CPF savings, make informed investment decisions, and utilize CPF for retirement planning, healthcare, and housing needs.
This episode is an essential resource for Singaporeans looking to understand and optimize their CPF, ensuring they make the most of their contributions and benefits.
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