Donβt let your CPF savings carry the entire βweightβ of your new home. If possible, consider using a combination of cash and CPF savings to enjoy the benefits of both options βοΈ
To estimate how much of your CPF savings you can use to finance your home, access the CPF housing usage calculator here π cpf.gov.sg/HousingUsageCalcTG
Stay informed, secure your future: subscribe to @CPFBoardβs Telegram channel now for essential CPF and financial insights at your fingertips.
To estimate how much of your CPF savings you can use to finance your home, access the CPF housing usage calculator here π cpf.gov.sg/HousingUsageCalcTG
Stay informed, secure your future: subscribe to @CPFBoardβs Telegram channel now for essential CPF and financial insights at your fingertips.
π22π€8β€7π₯3
Think youβre an expert on MediShield Life? π₯π§ Test your knowledge by answering the questions below!
π12β€1
MediShield Life is a ______.
Anonymous Quiz
15%
Medical savings scheme
41%
Health insurance scheme
44%
Long-term care insurance scheme
π14π3π€3β€1
What is the maximum claim limit per policy year under MediShield Life?
Anonymous Quiz
37%
$100,000
16%
$125,000
47%
$150,000
π11β€4π2
How do you make a claim under MediShield Life?
Anonymous Quiz
10%
Visit a CPF Service Centre
79%
Inform the healthcare staff responsible for your admission or outpatient treatment
10%
Contact your private insurer
π9
MediShield Life can help to ease the burden of large hospital bills π€
π‘Refer to the illustration above to see the breakdown of the different components of a hospital bill
Click here to find out what can be claimed under MediShield Life π cpf.gov.sg/MediShieldLifeClaimsTG
Stay informed, secure your future: subscribe to @CPFBoardβs Telegram channel now for essential CPF and financial insights at your fingertips.
π‘Refer to the illustration above to see the breakdown of the different components of a hospital bill
Click here to find out what can be claimed under MediShield Life π cpf.gov.sg/MediShieldLifeClaimsTG
Stay informed, secure your future: subscribe to @CPFBoardβs Telegram channel now for essential CPF and financial insights at your fingertips.
π37β€4π€4
Scam tactics are evolving, and their threats are real and constant.
At CPF Board, we are committed to staying ahead of evolving threats, and will be introducing new measures to protect your CPF savings.
These new measures may cause some inconvenience but will give you more protection, as well as reaction time if a scammer were to target your account. We seek your understanding as we continue to strengthen our safeguards to deter scammers.
For more information, see cpf.gov.sg/ScamSafetyUpdatesTG
Stay informed, secure your future: subscribe to @CPFBoardβs Telegram channel now for essential CPF and financial insights at your fingertips.
At CPF Board, we are committed to staying ahead of evolving threats, and will be introducing new measures to protect your CPF savings.
These new measures may cause some inconvenience but will give you more protection, as well as reaction time if a scammer were to target your account. We seek your understanding as we continue to strengthen our safeguards to deter scammers.
For more information, see cpf.gov.sg/ScamSafetyUpdatesTG
Stay informed, secure your future: subscribe to @CPFBoardβs Telegram channel now for essential CPF and financial insights at your fingertips.
π102π13β€11π€6π4
Just like putting together the perfect fit π, itβs important to ensure that your chosen CPF LIFE plan is a good match with your desired retirement lifestyle π
π‘ To choose your plan, consider your willingness to adjust your expenditures during retirement.
π‘ Regardless of the plan you choose, rest assured by knowing that all plans will provide you with monthly payouts in retirement no matter how long you live. π€
Start planning for your desired retirement lifestyle today by using the CPF Planner β retirement income here π cpf.gov.sg/CPFPlannerTG2
Stay informed, secure your future: subscribe to @CPFBoardβs Telegram channel now for essential CPF and financial insights at your fingertips.
π‘ To choose your plan, consider your willingness to adjust your expenditures during retirement.
π‘ Regardless of the plan you choose, rest assured by knowing that all plans will provide you with monthly payouts in retirement no matter how long you live. π€
Start planning for your desired retirement lifestyle today by using the CPF Planner β retirement income here π cpf.gov.sg/CPFPlannerTG2
Stay informed, secure your future: subscribe to @CPFBoardβs Telegram channel now for essential CPF and financial insights at your fingertips.
π29β€4π4π3π€2
#CPFFlashQuiz Are you prepared to finance your upcoming BTO? π π΅
Take the quiz below to find out if you know these handy home financing tips!
Take the quiz below to find out if you know these handy home financing tips!
π7β€2
If youβre using your CPF savings to pay for your home, you should try and keep at least ___ months of your monthly housing installment in your Ordinary Account (OA) for emergencies.
Anonymous Quiz
41%
12
56%
6
3%
8
π17β€1
To be financially prudent, you should choose a flat that costs less than ___ times the combined annual income of you and your partner.
Anonymous Quiz
47%
3
39%
5
15%
7
π21β€4
When reviewing your housing budget, you should ensure to keep your Mortgage Servicing Ratio (MSR) within ___ of your gross monthly income.
Anonymous Quiz
45%
25%
37%
35%
18%
40%
π13β€1π₯1
For more essential tips to help you through this milestone of buying your BTO flat, check out this link here π cpf.gov.sg/BTOFinancingTipsTG
Stay informed, secure your future: subscribe to @CPFBoardβs Telegram channel now for essential CPF and financial insights at your fingertips.
Stay informed, secure your future: subscribe to @CPFBoardβs Telegram channel now for essential CPF and financial insights at your fingertips.
π24β€6
Learn how you and your loved ones can be covered under DPS here π cpf.gov.sg/DPSTG
π‘ DPS coverage is automatically extended to you upon your first CPF working contribution between the ages 21 and 65.
π‘ If you are above age 16 and have not been automatically covered, you may apply for coverage directly.
π‘ Please note that DPS coverage is not compulsory.
Stay informed, secure your future: subscribe to @CPFBoardβs Telegram channel now for essential CPF and financial insights at your fingertips.
π‘ DPS coverage is automatically extended to you upon your first CPF working contribution between the ages 21 and 65.
π‘ If you are above age 16 and have not been automatically covered, you may apply for coverage directly.
π‘ Please note that DPS coverage is not compulsory.
Stay informed, secure your future: subscribe to @CPFBoardβs Telegram channel now for essential CPF and financial insights at your fingertips.
π17β€8π6
Donβt say bojio! π
Make cash top-ups to your and your loved onesβ CPF account to enjoy up to a total of $16,000 tax relief* per Year of Assessment π€©
π‘ Your loved ones include parents, parents-in-law, grandparents, grandparents-in-law, spouse and siblings.
Discover the eligibility criteria for tax relief benefits right here π cpf.gov.sg/TaxReliefTG
*Terms and conditions apply
Stay informed, secure your future: subscribe to @CPFBoardβs Telegram channel now for essential CPF and financial insights at your fingertips.
Make cash top-ups to your and your loved onesβ CPF account to enjoy up to a total of $16,000 tax relief* per Year of Assessment π€©
π‘ Your loved ones include parents, parents-in-law, grandparents, grandparents-in-law, spouse and siblings.
Discover the eligibility criteria for tax relief benefits right here π cpf.gov.sg/TaxReliefTG
*Terms and conditions apply
Stay informed, secure your future: subscribe to @CPFBoardβs Telegram channel now for essential CPF and financial insights at your fingertips.
β€37π19π4π€3π₯2
#MonthlyReads: This is a sign for you to do a quick check-up on your financial health π° π‘ Here are some useful links for tips on how you can get started!
π° Check your CPF account balance
π cpf.gov.sg/CPFMobileTG
π― Apply SMART framework for setting and achieving your financial goals
π cpf.gov.sg/SMARTGoalsTG
π Manage your home budget effectively
π cpf.gov.sg/HomeBudgetingTG
π Review your insurance coverage and avoid overspending
π cpf.gov.sg/InsurancePlansTG
Stay ahead on your financial journey: subscribe to @CPFBoardβs Telegram for on-the-go CPF updates and financial tips.
π° Check your CPF account balance
π cpf.gov.sg/CPFMobileTG
π― Apply SMART framework for setting and achieving your financial goals
π cpf.gov.sg/SMARTGoalsTG
π Manage your home budget effectively
π cpf.gov.sg/HomeBudgetingTG
π Review your insurance coverage and avoid overspending
π cpf.gov.sg/InsurancePlansTG
Stay ahead on your financial journey: subscribe to @CPFBoardβs Telegram for on-the-go CPF updates and financial tips.
π35β€11
βCaring has the gift of making the ordinary special.β β€οΈ
Discover the genuine stories shared by our volunteers and gain insight into the significance of being a member of the #CPFVolunteering community in this article: cpf.gov.sg/CPFVolunteerStoriesTG
If youβre inspired to help others in the community, sign up here π πββοΈ: cpf.gov.sg/VolunteerWithCPFTG
Stay ahead on your financial journey: subscribe to @CPFBoardβs Telegram for on-the-go CPF updates and financial tips
Discover the genuine stories shared by our volunteers and gain insight into the significance of being a member of the #CPFVolunteering community in this article: cpf.gov.sg/CPFVolunteerStoriesTG
If youβre inspired to help others in the community, sign up here π πββοΈ: cpf.gov.sg/VolunteerWithCPFTG
Stay ahead on your financial journey: subscribe to @CPFBoardβs Telegram for on-the-go CPF updates and financial tips
π21β€6π3π1
Flying solo and looking for the perfect home to settle in? π€
Make sure to check out these eligibility criteria before you purchase your dream home! π
Did you know that you can also make use of your CPF Ordinary Account savings for your housing needs? Find out how π cpf.gov.sg/HousingTipsTG
Stay ahead on your financial journey: subscribe to @CPFBoardβs Telegram for on-the-go CPF updates and financial tips
Make sure to check out these eligibility criteria before you purchase your dream home! π
Did you know that you can also make use of your CPF Ordinary Account savings for your housing needs? Find out how π cpf.gov.sg/HousingTipsTG
Stay ahead on your financial journey: subscribe to @CPFBoardβs Telegram for on-the-go CPF updates and financial tips
Telegraph
Singles Housing
π22β€6π€2π2
Itβs almost time to wrap up 2023! Have you met your financial goals for the year? π§π
Empower your financial journey and gear up for a successful new year by discovering effective strategies to boost your finances π°
Check out this article for the 3 steps to take π cpf.gov.sg/RetirementReadyTG
#MakeEveryDayMatter, start planning your best life today
Stay ahead on your financial journey: subscribe to @CPFBoardβs Telegram for on-the-go CPF updates and financial tips.
Empower your financial journey and gear up for a successful new year by discovering effective strategies to boost your finances π°
Check out this article for the 3 steps to take π cpf.gov.sg/RetirementReadyTG
#MakeEveryDayMatter, start planning your best life today
Stay ahead on your financial journey: subscribe to @CPFBoardβs Telegram for on-the-go CPF updates and financial tips.
π25β€10π€3