Special Account: Used for old age and investments in financial products related to retirement. Retirement Account: Used for monthly retirement payouts of people aged 55 years old and above. It's the employer's obligation to pay the total CPF contributions – both the employer's share and the ...
Only 1% of the salaries will be contributed to the Special Account and Ordinary Account, respectively. The remaining 10.5% will go towards the Medisave Account to sustain the Basic Healthcare Sum (BHS) for whatever medical fees that the Singaporean may incur in old age. Once the Basic ...
Special Account: Used for old age and investments in financial products related to retirement. Retirement Account: Used for monthly retirement payouts of people aged 55 years old and above. It's the employer's obligation to pay the total CPF contributions – both the employer's share and the ...
Special Account: Used for old age and investments in financial products related to retirement. Retirement Account: Used for monthly retirement payouts of people aged 55 years old and above. It's the employer's obligation to pay the total CPF contributions – both the employer's share and the ...