Retirement, home purchase and health insurance planner: CPF's new platform to help members make better decisions
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Central Provident Fund (CPF) members can now use a new online tool to make better-informed decisions about their housing, retirement savings, and health insurance plans.Launched on Friday (July 5) at CPF's 70th anniversary commemorative book launch event, thRetirement, home purchase and health insurance planner: CPF's new platform to help members make better decisions
Central Provident Fund (CPF) members can now use a new online tool to make better-informed decisions about their housing, retirement savings, and health insurance plans.Launched on Friday (July 5) at CPF's 70th anniversary commemorative book launch event, the initiative titled PLAN (Plan Life Ahead, Now!) offers members a centralised online platform where they can understand how their CPF savings can be allocated across major life needs and how one financial decision may impact another.Through a dynamic dashboard tailored to each user's life stage, members can estimate their retirement savings and payouts, determine how much they can afford to spend on a home, and evaluate the cost of health insurance premiums.Speaking at the launch event, CPF Board chief executive Melissa Khoo said the new tool reflects the Board's commitment to empowering members to take charge of their financial health, reported The Straits Times.She highlighted CPF's vital role in Singapore's social security system and reaffirmed its commitment to ongoing innovation in support of its members. Read more