central provident fund (CPF) contributions

Low-income gig workers to receive more support from higher CPF contributions; CPF monthly payout for seniors to increase to $350.

SINGAPORE (Jan 10): Why take risks? We get many questions about why, given the government-legislated CPF Ordinary Account interest rate of 2.5%, anyone should take a risk by investing their CPF money in the financial markets.

SINGAPORE (Aug 8): Prudential Singapore has raised its Central Provident Fund (CPF) contribution rate for its employees above the age of 55, in a move to help its older employees better prepare for financial needs with longer life expectancy.

SINGAPORE (Feb 16): Not only was Singapore’s Gini coefficient, a measure of income disparity, the lowest in a decade at 0.458 in 2016 – it fell even further to 0.402 after adjusting for government transfers and taxes, according to Singapore’s Depart