Planning For Your Future - SeaVoices - Singapore Maritime Officers’ Union (SMOU) Publication

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08 Aug 2023

1 min

Planning For Your Future

Retirement may seem far away for those who are still working, but it’s never too early to start planning for it. Thanks to SMOU, a financial talk on planning for the future was organised for members who are interested to level up their financial planning. Held at the Mariners’ Lounge on 11 July 2023, the financial talk was facilitated by Lean Sing, Senior Client Advisor from Endowus.

During the talk, members discovered what happens to their Central Provident Fund (CPF) when they hit the age of 55 years old and about the CPF Lifelong Income For the Elderly (CPF LIFE) insurance annuity scheme. Members learnt how to manage their CPF better, grow their retirement savings and consider Supplementary Retirement Scheme (SRS) for investments.