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Managing retirement savings in Singapore

Cheryl

Hello everyone,

Saving for retirement as an °µÍø½ûÇø in Singapore can be challenging. With different options, rules or even taxation, °µÍø½ûÇøs have to understand how it works to make informed decisions. We invite you to share your insights in order to help other °µÍø½ûÇøs and soon-to-be °µÍø½ûÇøs manage or plan their retirement savings in Singapore.

How do you handle retirement savings in Singapore?

Have you faced any challenges accessing pension funds from your home country (or from other countries)? How do you deal with taxation or the currency exchange rates?

What local options are available to °µÍø½ûÇøs, either public or private, to help you save for retirement?

What are the most popular private pension or investment plans popular among °µÍø½ûÇøs in Singapore?

What do you wish you had known earlier about saving for retirement as an °µÍø½ûÇø?

Thank you for your contribution.

Cheryl
°µÍø½ûÇø Team

See also

Living in Singapore: the °µÍø½ûÇø guidePR - 2025 ApprovalTaxes for °µÍø½ûÇøs in SingaporeSuggestions for PR application 2023Ways to lower your expenses/best deals (°µÍø½ûÇøs in Singapore)?
beppi

Singapore’s CPF system of compulsory savings is good enough for most people and situations. If you leave the country permanently, you can cash out the entire accrued amount (incl. good interest)..

On top of it, you can choose to also contribute to your home country  retirement system. But do ignore Singapore financial consultants trying to sell you more - they only want to earn quick bucks from (mostly well-earning) °µÍø½ûÇøs!