Government Schemes

Stay informed about the latest government initiatives and assistance schemes designed to support citizens and residents. This category provides clear explanations of key policies, grants, and programs aimed at enhancing well-being, financial security, and access to essential services.

ElderShield CareShieldLife

ElderShield vs CareShield Life: Understanding the Key Differences

Long-term care planning is increasingly vital for Singaporeans, especially with our rapidly ageing population. Two primary insurance schemes, ElderShield and CareShield Life, provide support for individuals with severe disabilities. Here’s a clear breakdown of how these two plans differ and their impact on your financial planning. What is ElderShield? Introduced […]

Long-Term Care, Government Schemes / / 2 minutes of reading / By

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Travel and tourism concept. Happy senior travellers couple with camera in the city retirement trip.

Understanding CPF Life: Your Key to a Comfortable Retirement

CPF Life (Lifelong Income For the Elderly) is Singapore’s national annuity scheme, designed to provide citizens and permanent residents with a steady stream of income for as long as they live. With Singapore’s life expectancy being one of the highest in the world, CPF Life ensures that you won’t outlive

Retirement Planning, Government Schemes / / 3 minutes of reading / By

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Middle aged men curious about closure of CPF SA account

The Closure of Singapore’s CPF Special Account: What It Means for You

The Central Provident Fund (CPF) has long been a cornerstone of Singapore’s retirement planning system, with its Special Account (SA) playing a pivotal role in helping citizens save for their golden years. On January 19, 2025, a significant change is on the horizon: the CPF Special Account will be officially

Retirement Planning, Government Schemes / / 4 minutes of reading / By

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a toy figurine on a stack of blocks symbolize tax reduction

Unlocking the Benefits of the Supplementary Retirement Scheme (SRS): A Smart Way to Save for Retirement and Reduce Taxes

As Singaporeans increasingly prioritize financial planning and retirement readiness, the Supplementary Retirement Scheme (SRS) stands out as a valuable tool to achieve these goals. While CPF serves as the cornerstone of retirement savings, SRS offers flexibility and unique tax benefits that appeal to those who want to supplement their retirement

Retirement Planning, Government Schemes / / 6 minutes of reading / By

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