Why were the OA, SA and MediSave set up for?

Reasons for the removal of the CPF SA

What to consider if you aim to boost returns

Should you go for the ERS?

CPF Life and longevity risk

How much should you put into your CPF Life then?

Synopsis: Every third Monday of the month, hosts Lee Su Shyan and Ven Sreenivasan - both associate editors and senior columnists at The Straits Times - offer you an extra edge in managing your hard-earned money.

In this episode, Mr Christopher Tan, CEO and founder of Providend - a fee-only wealth advisory - discusses the closure of the CPF special account for those 55 and over from early 2025, which was announced during Budget 2024.

What are the implications for CPF members and how can they best manage their CPF savings?

Highlights (click/tap above): 

3:30 Context for why the CPF Ordinary, Special and MediSave accounts were set up 

7:30 Reasons for the removal of the CPF Special Account for those 55 and older 

13:15  Considerations for CPF members as they aim to boost their returns 

15:10 What to bear in mind: Whether to go for the Enhanced Retirement Sum and what you can do with CPF Life 

20:00 CPF Life and longevity risk

Produced by: Lee Su Shyan (sushyan@sph.com.sg), Ven Sreenivasan (ven@sph.com.sg), Ernest Luis and Teo Tong Kai

Edited by: Teo Tong Kai

Follow ST's Your Money & Career Podcast channel here:

Channel: https://str.sg/wB2m

Apple Podcasts: https://str.sg/wuN3

Spotify: https://str.sg/wBr9

SPH Awedio app: https://www.awedio.sg/

Website: http://str.sg/stpodcasts

Feedback to: podcast@sph.com.sg

Read Ven Sreenivasan's articles: https://str.sg/wuQe

Read Lee Su Shyan's articles: https://str.sg/wuQs

Follow Lee Su Shyan on LinkedIn: https://str.sg/bZqN

Get business/career tips in ST's HeadSTart newsletter: https://str.sg/headstart-nl

---

Discover more ST podcast channels:

The Usual Place: https://str.sg/5nfm

COE Watch: https://str.sg/iTtE

In Your Opinion: https://str.sg/w7Qt

Asian Insider: https://str.sg/JWa7

Health Check: https://str.sg/JWaN

Green Pulse: https://str.sg/JWaf

Your Money & Career: https://str.sg/wB2m

ST Sports Talk: https://str.sg/JWRE

#PopVultures: https://str.sg/JWad

Music Lab: https://str.sg/w9TX

Discover ST Podcasts: http://str.sg/stpodcasts

---

Special edition series:

True Crimes Of Asia (6 eps): https://str.sg/i44T

The Unsolved Mysteries of South-east Asia (5 eps): https://str.sg/wuZ2

Invisible Asia (9 eps): https://str.sg/wuZn

Stop Scams (10 eps): https://str.sg/wuZB

Singapore's War On Covid (5 eps): https://str.sg/wuJa

---

Follow our shows then, if you like short, practical podcasts!

Do note: All analyses, opinions, recommendations and other information in this podcast are for your general information only. You should not rely on them in making any decision. Please consult a fully qualified financial adviser or professional expert for independent advice and verification. To the fullest extent permitted by law, SPH Media shall not be liable for any loss arising from the use of or reliance on any analyses, opinions, recommendations and other information in this podcast. SPH Media accepts no responsibility or liability whatsoever that may result or arise from the products, services or information of any third parties.

#moneycareer

How much should you put into your CPF Life then?
Synopsis: Every third Monday of the month, hosts Lee Su Shyan and Ven Sreenivasan - both associate editors and senior columnists at The Straits Times - offer you an extra edge in managing your hard-earned money.
In this episode, Mr Christopher Tan, CEO and founder of Providend - a fee-only wealth advisory - discusses the closure of the CPF special account for those 55 and over from early 2025, which was announced during Budget 2024.
What are the implications for CPF members and how can they best manage their CPF savings?
Highlights (click/tap above): 
3:30 Context for why the CPF Ordinary, Special and MediSave accounts were set up 
7:30 Reasons for the removal of the CPF Special Account for those 55 and older 
13:15  Considerations for CPF members as they aim to boost their returns 
15:10 What to bear in mind: Whether to go for the Enhanced Retirement Sum and what you can do with CPF Life 
20:00 CPF Life and longevity risk
Produced by: Lee Su Shyan (<a href="mailto:sushyan@sph.com.sg">sushyan@sph.com.sg</a>), Ven Sreenivasan (<a href="mailto:ven@sph.com.sg">ven@sph.com.sg</a>), Ernest Luis and Teo Tong Kai
Edited by: Teo Tong Kai
Follow ST's Your Money &amp; Career Podcast channel here:
Channel: <a href="https://str.sg/wB2m" data-cke-saved-href="https://str.sg/wB2m">https://str.sg/wB2m</a>
Apple Podcasts: <a href="https://str.sg/wuN3">https://str.sg/wuN3</a>
Spotify: <a href="https://str.sg/wBr9" data-cke-saved-href="https://str.sg/wBr9">https://str.sg/wBr9</a>
SPH Awedio app: <a href="https://www.awedio.sg/" data-saferedirecturl="https://www.google.com/url?q=https://www.awedio.sg/&amp;source=gmail&amp;ust=1655363205205000&amp;usg=AOvVaw2kaM1t4GUFNlgsBukhOyPi">https://www.awedio.sg/</a>
Website: <a href="http://str.sg/stpodcasts" data-cke-saved-href="http://str.sg/stpodcasts">http://str.sg/stpodcasts</a>
Feedback to: <a href="mailto:podcast@sph.com.sg" data-cke-saved-href="mailto:podcast@sph.com.sg">podcast@sph.com.sg</a>
Read Ven Sreenivasan's articles: <a href="https://str.sg/wuQe">https://str.sg/wuQe</a>
Read Lee Su Shyan's articles: <a href="https://str.sg/wuQs">https://str.sg/wuQs</a>
Follow Lee Su Shyan on LinkedIn: <a href="https://str.sg/bZqN">https://str.sg/bZqN</a>
Get business/career tips in ST's HeadSTart newsletter: <a href="https://str.sg/headstart-nl" data-saferedirecturl="https://www.google.com/url?q=http://str.sg/headstart-nl&amp;source=gmail&amp;ust=1683090126314000&amp;usg=AOvVaw1l45v49ZLj8WQ3Ykj63FxE">https://str.sg/headstart-nl</a>
---
Discover more ST podcast channels:
The Usual Place: <a href="https://str.sg/5nfm">https://str.sg/5nfm</a> 
COE Watch:<a href="https://str.sg/iTtE"> https://str.sg/iTtE</a>
In Your Opinion: <a href="https://str.sg/w7Qt" data-saferedirecturl="https://www.google.com/url?q=https://str.sg/w7Qt&amp;source=gmail&amp;ust=1677666522280000&amp;usg=AOvVaw21EBl9EFStN58nBOzVGfdC">https://str.sg/w7Qt</a>
Asian Insider: <a href="https://str.sg/JWa7" data-saferedirecturl="https://www.google.com/url?q=https://str.sg/JWa7&amp;source=gmail&amp;ust=1677666522280000&amp;usg=AOvVaw3bw3SbBbNbWr6pat8aCFbs">https://str.sg/JWa7</a>
Health Check: <a href="https://str.sg/JWaN" data-saferedirecturl="https://www.google.com/url?q=https://str.sg/JWaN&amp;source=gmail&amp;ust=1677666522280000&amp;usg=AOvVaw0-SziTvINcxmwOkKa94dc_">https://str.sg/JWaN</a>
Green Pulse: <a href="https://str.sg/JWaf" data-saferedirecturl="https://www.google.com/url?q=https://str.sg/JWaf&amp;source=gmail&amp;ust=1677666522280000&amp;usg=AOvVaw01LFoKl012o1-kJBXYZ6rz">https://str.sg/JWaf</a>
Your Money &amp; Career: <a href="https://str.sg/wB2m" data-saferedirecturl="https://www.google.com/url?q=https://str.sg/wB2m&amp;source=gmail&amp;ust=1677666522280000&amp;usg=AOvVaw1eiorH7YVuqdZkfi3KFeZM">https://str.sg/wB2m</a>
ST Sports Talk: <a href="https://str.sg/JWRE" data-saferedirecturl="https://www.google.com/url?q=https://str.sg/JWRE&amp;source=gmail&amp;ust=1677666522280000&amp;usg=AOvVaw3mLxkQiRDIjVulFSaEvxKB">https://str.sg/JWRE</a>
#PopVultures: <a href="https://str.sg/JWad" data-saferedirecturl="https://www.google.com/url?q=https://str.sg/JWad&amp;source=gmail&amp;ust=1677666522280000&amp;usg=AOvVaw3aZAbtm5cNg9K-Y2yxMHno">https://str.sg/JWad</a>
Music Lab: <a href="https://str.sg/w9TX" data-saferedirecturl="https://www.google.com/url?q=https://str.sg/w9TX&amp;source=gmail&amp;ust=1677666522280000&amp;usg=AOvVaw2nZ3t-YmKUfqZqiKEUteAR">https://str.sg/w9TX</a>
Discover ST Podcasts: <a href="http://str.sg/stpodcasts" data-saferedirecturl="https://www.google.com/url?q=http://str.sg/stpodcasts&amp;source=gmail&amp;ust=1677666522280000&amp;usg=AOvVaw2c0_ixy7TIqc3QXHn-wjRk">http://str.sg/stpodcasts</a>
---
Special edition series:
True Crimes Of Asia (6 eps): <a href="https://str.sg/i44T">https://str.sg/i44T</a>
The Unsolved Mysteries of South-east Asia (5 eps): <a href="https://str.sg/wuZ2" data-saferedirecturl="https://www.google.com/url?q=https://str.sg/wuZ2&amp;source=gmail&amp;ust=1677666522280000&amp;usg=AOvVaw2ankC1PURTEp5nF4YtG9Z2">https://str.sg/wuZ2</a>
Invisible Asia (9 eps): <a href="https://str.sg/wuZn" data-saferedirecturl="https://www.google.com/url?q=https://str.sg/wuZn&amp;source=gmail&amp;ust=1677666522280000&amp;usg=AOvVaw1xYtFRcxV3FQ2GFA14fua5">https://str.sg/wuZn</a>
Stop Scams (10 eps): <a href="https://str.sg/wuZB" data-saferedirecturl="https://www.google.com/url?q=https://str.sg/wuZB&amp;source=gmail&amp;ust=1677666522280000&amp;usg=AOvVaw02_5blnPn9KPPzuise070G">https://str.sg/wuZB</a>
Singapore's War On Covid (5 eps): <a href="https://str.sg/wuJa" data-saferedirecturl="https://www.google.com/url?q=https://str.sg/wuJa&amp;source=gmail&amp;ust=1677666522280000&amp;usg=AOvVaw0VV89sjprGPvBtmOByC1Y_">https://str.sg/wuJa</a>
---
Follow our shows then, if you like short, practical podcasts!
Do note: All analyses, opinions, recommendations and other information in this podcast are for your general information only. You should not rely on them in making any decision. Please consult a fully qualified financial adviser or professional expert for independent advice and verification. To the fullest extent permitted by law, SPH Media shall not be liable for any loss arising from the use of or reliance on any analyses, opinions, recommendations and other information in this podcast. SPH Media accepts no responsibility or liability whatsoever that may result or arise from the products, services or information of any third parties.
#moneycareer

Synopsis: Every first and third Monday of the month, get a headstart in your personal finance and career with The Straits Times.

Podcasters: Sue-Ann Tan & Tay Hong Yi

Produced & edited by: Amirul Karim

Executive producers: Ernest Luis & Lynda Hong

A podcast by The Straits Times, SPH Media.

Synopsis: Every first and third Monday of the month, get a headstart in your personal finance and career with The Straits Times.
Podcasters: Sue-Ann Tan &amp; Tay Hong Yi
Produced &amp; edited by: Amirul Karim
Executive producers: Ernest Luis &amp; Lynda Hong
A podcast by The Straits Times, SPH Media.

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