Friday, May 14, 2010

CPF top-ups get thumbs-up

More people are topping up CPF accounts. Incentives are introduced to encourage people to build up CPF retirement savings. People can qualify to claim for tax relief up to $14,000 each year if they do cash top-ups to their own and family members’ accounts.

A bigger Retirement account helps parents to get a higher future payout for retirement. This solve the problem of them feeling embarrassed to ask children for money.

No comments:

Post a Comment