SGD / USD Savings Planning
For long-term goals such as children’s education and retirement, I map out your family goals and when the money will be needed, and propose an overall plan that takes Singapore’s relevant schemes into account.
All services are provided in Singapore under Singapore regulations.
Who it is for
- Individuals and families preparing for children’s education, retirement or other long-term goals
What I do
- Map out family goals and when the money will be needed
- Propose an overall plan that takes Singapore’s relevant schemes into account
Note: Specific proposals are provided in Singapore through the formal process; official documents prevail.
How it works
| Step | What happens |
|---|---|
| 1. Initial conversation | 30–60 minutes to understand your family, goals and concerns; online or in person |
| 2. Needs analysis | A Fact Find and risk profiling as required by Singapore regulations |
| 3. Recommendation | A written proposal with explanations |
| 4. Application | Applications or account opening through the formal process in Singapore |
| 5. Delivery | Implementation and a walkthrough of the documents |
| 6. Ongoing service | Annual reviews, help with changes and claims |
Related Q&As
What is the CPF in Singapore, and who has to contribute?
The CPF (Central Provident Fund) is Singapore's compulsory social security savings scheme, used for retirement, healthcare and housing. Employees who are Singapore Citizens or Permanent Residents (PR) contribute together with their employers; foreigners on work passes do not participate in the CPF.
Source: CPF Board (cpf.gov.sg) (website: cpf.gov.sg)
What are the CPF accounts, and what is each used for?
The Ordinary Account (OA) can be used for housing, education and more; the Special Account (SA) is for retirement; the MediSave Account (MA) is for healthcare. A Retirement Account (RA) is created at age 55. From 2025, the Special Account is closed at 55 and its balance is transferred to the Retirement Account.
Source: CPF Board (website: cpf.gov.sg)
What do the CPF retirement sums (BRS / FRS / ERS) mean?
They are reference amounts for the Retirement Account at age 55. For members turning 55 in 2026, the Basic Retirement Sum (BRS) is S$110,200, the Full Retirement Sum (FRS) is S$220,400 and the Enhanced Retirement Sum (ERS) is S$440,800. Savings in the Retirement Account provide lifelong monthly payouts through CPF LIFE from age 65; the more you set aside, the higher the monthly payouts.
Source: CPF Board (website: cpf.gov.sg)
How do CPF contributions work for new Permanent Residents?
In the first two years of becoming a PR, lower graduated contribution rates apply; full rates apply from the third year. Employees and employers may also choose to contribute at full rates earlier.
Source: CPF Board (website: cpf.gov.sg)
Official references
- CPF Board: CPF Board (accounts, nomination, CPF LIFE) www.cpf.gov.sg (Search the site for: CPF accounts / CPF nomination / CPF LIFE)
- CPF Board: Enhanced Retirement Sum (ERS) www.cpf.gov.sg/service/article/what-is-the-current-enhanced-retirement-sum
- MoneySense: Consumer financial education (insurance and investment guides) www.moneysense.gov.sg
Policies may change; please refer to the latest official announcements.
Further reading and planners
Would you like to talk about your situation? The initial conversation takes 30–60 minutes, online or in person.
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