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www.cpf.gov.sg. Agency ID. T08GB0007E. The Central Provident Fund Board (CPFB), commonly known as the CPF Board or simply the Central Provident Fund (CPF), is a compulsory comprehensive savings and pension plan for working Singaporeans and permanent residents primarily to fund their retirement, healthcare, and housing [3] needs in Singapore.
The Central Provident Fund (CPF) is Singapore's national pension fund. It is a defined contribution plan, contributed by employers and employees. With over 3 million members, it ranks among the world’s largest defined contribution (DC) schemes. [12] The CPF Board, a statutory authority established by legislation, runs this national pension ...
Superannuation in Australia. Superannuation in Australia, or " super ", is a savings system for workplace pensions in retirement. It involves money earned by an employee being placed into an investment fund to be made legally available to members upon retirement. Employers make compulsory payments to these funds at a proportion of their ...
Medisave. Medisave is a national medical savings account system in Singapore, introduced in April 1984. [ 1] The contribution is mandatory and taken from the monthly Central Provident Fund (CPF) contribution. The system allows Singaporeans to put aside part of their income into a Medisave account to meet future personal or immediate family's ...
Mandatory Provident Fund. The Mandatory Provident Fund (Chinese: 強制性公積金), often abbreviated as MPF (強積金), is a compulsory saving scheme (pension fund) for the retirement of residents in Hong Kong. Most employees and their employers are required to contribute monthly to mandatory provident fund schemes provided by approved ...
Website. temasek.com.sg. Temasek Holdings (Private) Limited is a Singaporean state-owned multinational investment firm. Incorporated on 25 June 1974, Temasek has a net portfolio of US$288 billion (S$389 billion) as of 2024, with S$33 billion divested and S$26 billion invested during the year. [1][5] Headquartered at Orchard Road, Singapore, it ...
Singapore: The Central Provident Fund (CPF) in Singapore is a compulsory social security savings plan that requires contributions from both employers and employees. The CPF board invests these funds to generate returns and ensure the long-term financial stability of the pension system.
Singaporean and Singapore PR (SPR) employees are required to set aside part of the earnings and contribute to Central Provident Fund. [15] The employers are also required to contribute proportion of the earnings paid to their Singaporean and SPR employees to the fund. The contribution rates to CPF vary depending on income range and age bracket.