A survey on financial readiness after retirement in Singapore conducted in March 2020 found that 79 percent of respondents planned to or were currently using their Central Provident Fund (CPF) to support their needs after retirement. The CPF is a mandatory governmental savings scheme in Singapore which requires employed persons to contribute 20 percent of their salary into the scheme, on top of a 17 percent contribution from the employer.
Leading financial methods and instruments people currently used or planned to support them financially in old age in Singapore as of March 2020
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Economist Intelligence Unit, & Prudential Assurance Company Singapore. (February 15, 2021). Leading financial methods and instruments people currently used or planned to support them financially in old age in Singapore as of March 2020 [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/987734/singapore-expected-means-of-financial-support-in-old-age/
Economist Intelligence Unit, und Prudential Assurance Company Singapore. "Leading financial methods and instruments people currently used or planned to support them financially in old age in Singapore as of March 2020." Chart. February 15, 2021. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/987734/singapore-expected-means-of-financial-support-in-old-age/
Economist Intelligence Unit, Prudential Assurance Company Singapore. (2021). Leading financial methods and instruments people currently used or planned to support them financially in old age in Singapore as of March 2020. Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/987734/singapore-expected-means-of-financial-support-in-old-age/
Economist Intelligence Unit, and Prudential Assurance Company Singapore. "Leading Financial Methods and Instruments People Currently Used or Planned to Support Them Financially in Old Age in Singapore as of March 2020." Statista, Statista Inc., 15 Feb 2021, https://www.statista.com/statistics/987734/singapore-expected-means-of-financial-support-in-old-age/
Economist Intelligence Unit & Prudential Assurance Company Singapore, Leading financial methods and instruments people currently used or planned to support them financially in old age in Singapore as of March 2020 Statista, https://www.statista.com/statistics/987734/singapore-expected-means-of-financial-support-in-old-age/ (last visited December 30, 2024)
Leading financial methods and instruments people currently used or planned to support them financially in old age in Singapore as of March 2020 [Graph], Economist Intelligence Unit, & Prudential Assurance Company Singapore, February 15, 2021. [Online]. Available: https://www.statista.com/statistics/987734/singapore-expected-means-of-financial-support-in-old-age/
