facebookWould it be better for me to 1) Contribute to CPF SA to generate a guarantee 4% return and at the same time get tax relief OR 2) Purchase and annuity plan that provides monthly income from retirement? - Seedly
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Anonymous

28 Jul 2020

Would it be better for me to 1) Contribute to CPF SA to generate a guarantee 4% return and at the same time get tax relief OR 2) Purchase and annuity plan that provides monthly income from retirement?

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    What are your thoughts?

    Since you are planning for retirement, I would actually go for CPF SA and try to hit enhanced retirement sum. Please do read up on basic/full/enhanced retirement sum in CPF website. Is quite a good plan overall with the reliability of government.

    However, if you put into CPF, the money will not be flexible anymore and the fastest you can withdraw is by 55.

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