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Old 18-10-2024, 10:50 AM
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Xgenre Xgenre is offline
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Re: Lets talk about retirement

Quote:
Originally Posted by TMNT99 View Post
CPF SA will be closed for age 55 and more starting next year.
https://www.channelnewsasia.com/sing...e_18102024_cna

CPF money is managed by GIC. Look at the 20 year annualised average return of GIC. CPF interest rates can reach 5% per year with an extra 1% given on the first $60k.

Makes you wonder how they have been paying 4% on Medisave and Special Account over the years when GIC are reporting lower numbers.
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