Anonymous

18 Apr 2019

∙

General Investing

Is it wise for a PR park his money under CPF and let them grow?

I'm a SPR and from Sarawak. I wonder if I can volunteerly top up my money into CPF and some days when I'm retired I just give up my PR and get all my money back? Any advise.

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Foodie Jo

30 Jul 2018

Do note that if you give up PR, it does not auto entitle you to withdraw money from CPF unless you hit their retirement conditions. If not, you will have to close the entire CPF account to withdraw. After which, you will no longer be able to work in Singapore because CPF will not allow you to open the account again.

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James Yeo

29 Jul 2018

Editor at SmallCapAsia.com

I think if you are thinking of becoming a pr for long, its good to park in cpf. If you want cashflow though, better to go for othrr options

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Choon Yuan Chan

29 Jul 2018

Yes,

CPF rates returns are better than endowment (if comparison is made against OA rates) and ag...

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Do you agree that money in your own pocket is safer than parking it with someone and hoping someone will help you grow the money or safekeep your money?

I am a 22 yo, working full time. I'm looking for ways to grow my wealth (like put in a sum of money and let it grow without much effort), I've been reading to gain financial literacy but kind of struggling. Any advice?

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