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

CPF

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?

Discussion (3)

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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