• CPF Contribution Calculator Singapore

    This is an online calculator that helps compute various contribution rates including that of the employer, the employee and the credited amount. As CPF is a compulsory savings plan, there is no escaping from it for Singaporean citizens and Permanent Residents. If used wisely, it can take care of your retirement with no further additional effort required from your end towards a secure future.

    Needs & Benefits of CPF Calculator

    As already mentioned, CPF can be used to plan your retirement when that day finally comes. But that is not all that it is meant for. Central Provident Fund also addresses other facets of our daily lives namely healthcare, family protection, homeownership and asset enhancement. So in total, you can use these funds or your funds are being set aside for multi-purposes.

    All employees and employers make contributions towards CPF. Each contribution made by us make their way into 3 separate accounts – Ordinary Account or OA, Special Account or SA and Medisave Account or MA.

    • Ordinary Account - The savings in this account can be used for housing, education, insurance and investment.
    • Special Account - The savings in this account can be used for investments towards retirement and related products.
    • Medisave Account - The savings in this account can be used for medical insurance (approved) and other hospitalization expenses.
    • Retirement Account - On your 55th birthday, a Retirement Account or RA will be created automatically.

    It can get all too tedious to keep track of how much you are saving and how much money gets funneled into these various accounts. The latter is not much of your concern because at the end of the day no matter which account the money goes into, it is your money nonetheless. However, you will be concerned with how much money needs to be paid from your end towards your CPF Contribution month on month.

    Another concern of yours will be regarding the payouts you are eligible for with respect to these accounts once you have reached the payout eligibility age. In order to help you keep track of your withdrawal limits for various accounts, your eligibility to start receiving payouts from accounts etc. CPF provides calculators for separate payout categories. You can make use of specific calculators that allow you to estimate your claim, payout, withdrawal amount and so on under each of these categories.

    Types CPF calculators for members and employees

    There are several CPF calculators available to compute your CPF savings for each facet of the CPF contributions you make throughout your career. There are broad categories and calculators for each type of savings under those categories.

    • CPF Retirement Calculators.
    • CPF Housing Calculators.
    • CPF Healthcare Calculators.
    • Optimising my CPF Calculators.
    • Self-Employed Matters Calculators.
    • CPF Other Matters Calculators.

    CPF Retirement Calculators:

    This section consists of calculators helping you estimate your payouts starting from your eligibility age post retirement. It also allows you to see whether you are eligible for certain bonus payouts under specific retirement schemes. The calculators available under this category typically request information regarding the balance in your CPF accounts, your date of birth, estimation period etc. in order to successfully provide you with an estimate of your payout on reaching the retirement age.

    The different types of ‘Retirement’ Calculators available to you are as follows:

    • CPF LIFE Payout Estimator
    • D-Bonus and V-Bonus Calculator
    • CPF Withdrawal Calculator
    • Ordinary Account – Special Account Savings Transfer Calculator

    CPF LIFE Payout Estimator:

    CPF LIFE consists of 2 Plans – LIFE Standard Plan and LIFE Basic Plan. These plans are part of the annuity scheme that will provide you with monthly payouts for the rest of your life starting from the payout eligibility age.

    Table 1: Payout Eligibility Age

    Year of Birth 1943 or before 1944 to 1949 1950 to 1951 1952 to 1953 1954 or after
    Payout eligibility age 60 years 62 years 63 years 64 years 65 years

    CPF LIFE plan is only to be chosen upon reaching the payout eligibility age and when you wish to start drawing from it.

    Purpose of the CPF LIFE Payout Estimator Calculator: This calculator will provide you with an estimation of the payout on your CPF LIFE plan. You can use the CPF LIFE Payout Estimator when you are between the payout eligibility and 80 years of age.

    Components of the CPF LIFE Payout Estimator:

    You will have to input the following information to obtain an estimate of your CPF LIFE payout:

    • Gender.
    • Date of Birth.
    • Citizenship – Singapore Citizen or Permanent Resident.
    • Current Retirement Account Balance.

    D-Bonus and V-Bonus Calculator

    There are 2 schemes under Retirement Sum Scheme: The D-Bonus or Deferment Bonus and the V-Bonus of the Voluntary Deferment Bonus.

    Purpose of the D-Bonus and V-Bonus Calculator: You can use this calculator to know if you are eligible for the D-Bonus and the V-Bonus for change in payout eligibility age that is part of Retirement Sum Scheme.

    Components of the D-Bonus and V-Bonus Calculator:

    You will have to input the following information to know if you qualify for these schemes:

    • Your month and year of birth.
    • Approximate amount in your Retirement Account.

    CPF Withdrawal Calculator

    Purpose of the CPF Withdrawal Calculator: To provide you with an estimate of the lump sum amount you can withdraw when you reach 55 years of age.

    Components of the CPF Withdrawal Calculator: You will have to input the following information to obtain an estimate of your CPF withdrawal upon reaching the age of 55:

    • Balance in your Ordinary Account (at the age of 55).
    • Balance in your Special Account (at the age of 55).
    • Balance in your Medisave Account (at the age of 55).
    • Your month and year of birth.

    Ordinary Account to Special Account Savings Transfer Calculator

    Purpose of the Ordinary Account – Special Account Savings Transfer Calculator: To provide you with an estimate of the additional interest you may incur upon transferring funds from your Ordinary Account to your Special Account.

    Components of the Ordinary Account – Special Account Savings Transfer Calculator: You will have to input the following information to obtain an estimate of the additional interest you earn:

    • The balance in your Ordinary Account.
    • The balance in your Special Account.
    • The amount you wish to transfer from your Ordinary Account to your Special Account.
    • Your month and year of birth.
    • Your Estimation Period in years.

    CPF Housing Calculators:

    Buying your own home is probably one of the biggest life changing decisions you will ever make. It also life changing because it is the hardest milestone to achieve. In a country like Singapore, buying your dream home is no joking matter. A lot of thought and meticulous calculation goes into planning and buying a home suitable to your financial circumstances. That is exactly why the Housing category under CPF has one of the highest number of calculators available to compute and get an estimate of each aspect of the purchase before you complete the transaction.

    Many Singaporeans use CPF Savings when buying their own house, especially their first home and that is exactly why CPF has calculators that allow you to compute your CPF withdrawal limit, your first home calculation, the loan repayment, outstanding loan, computation based on the lease left on the property, total interest on the loan etc.

    The different types of ‘Housing’ Calculators available to you are as follows:

    • CPF Housing Withdrawal Limits Calculator
    • Our First Home Calculator
    • Loan Repayment Period Calculator
    • Home Protection Scheme (HPS) Premium Calculator
    • Monthly Instalment Calculator
    • Property with Less Than 60 Years Lease Calculator
    • Outstanding Loan Calculator
    • Total Interest Calculator:
    • Home Loan Interactive Calculator

    CPF Housing Withdrawal Limits Calculator

    Purpose of the CPF Withdrawal Limits Calculator: To provide you with an estimate regarding when you will reach the Withdrawal Limits for using your CPF for housing purpose.

    Components of the CPF Withdrawal Limits Calculator:

    This calculator provides an estimate for the following types of properties or loans:

    • Purchase of a new HDB Flat using a HDB Concessionary Loan.
    • Purchase of a HDB Resale Flat using a HDB Concessionary Loan.
    • Purchase of a HDB Flat using a bank loan.
    • Purchase of a private property or refinancing of loan on/after September 1, 2002.
    • Purchase of a HUDC flat or refinancing of loan on/after September 1, 2002.
    • Purchase of a HUDC flat before November 1991 with a loan from POSB or the Statutory Board.

    Our First Home Calculator

    Purpose of Our First Home Calculator: To provide you with an estimate of your housing loan and property price on the basis of your income earned and your capability to service this loan.

    Components of Our First Home Calculator:

    You will have to input the following information of both the members to obtain an estimate of your housing loan expenses:

    Step 1 comprises of:

    • Both date of births.
    • Both members’ gross monthly income.
    • Both members’ account balance.
    • Both members’ type of employment.

    Step 2 comprises of:

    • Lump sum expenses of Person 1, Person 2 and combined expenses (to be filled mandatorily).
    • Separate or Combined Expenses for Housing comprises of: (optional)
    • Rental Payments, Utility Bills, Maintenance, Phone/Internet, Property Tax/Home Insurance.
    • Separate or Combined Expenses for Family comprises of: (optional)
    • Children’s Transport/Education, Children/Spouse Allowance, Household Supply/Grocery, Dental/Medical, Levy/Maid’s Salary/Expenses, Club Subscriptions, Family Dining Out/Outings, Family Holidays.
    • Separate or Combined Expenses for Personal comprises of: (optional)
    • Dining Out/Food, Cosmetics/Clothing, Facial/Haircut, Dental/Medical, Transport, Vacation/Travel, Seminars/Courses, Entertainment, Religion/Charity, Gifts, Parent’s Allowance.
    • Separate or Combined Expenses for Vehicle comprises of: (optional)
    • Car Loan Lease/Repayment, Car Insurance/Maintenance, Car Parking/Petrol, Road License/Tax.
    • Separate or Combined Expenses for General Expenses/Savings comprises of: (optional)
    • Investments/Savings, Income Tax, Term/Life Insurance, Health Insurance, Credit Card Repayments, Other loan repayments.

    The computation based on the information you input will provide you with the following result:

    • Your possible property purchase price.
    • The required down payment.
    • The loan amount.
    • The loan tenure in years.
    • The required monthly instalment.
    • Monthly instalment to be paid using CPF.
    • Monthly instalment to be paid using cash.
    • Max. percentage of income you can spend on the housing loan.
    • Stamp and legal fees.
    • CPF lump sum that will be used to pay upfront for the property.
    • The balance in your ordinary account after all upfront payments are made.

    Loan Repayment Period Calculator

    Purpose of the Loan Repayment Period Calculator: To provide you with an estimate on how long it will take you to repay your loan.

    Components of the Loan Repayment Period Calculator:

    You will have to input the following information to obtain an estimate on your loan repayment period:

    • Loan amount
    • Monthly Instalment Amount
    • Interest rate p.a.

    Home Protection Scheme (HPS) Premium Calculator

    This scheme is a mortgage reducing insurance scheme which will help you as well as your family in paying off any outstanding housing loans to the insured sum in case of your permanent incapacity OR premature death earlier than 65 years of age. It is intended for individuals between 21 and 65 years of age.

    Purpose of the Home Protection Scheme (HPS) Premium Calculator: To provide you with an estimate of the premium for a new Home Protection Scheme Cover.

    Components of the Home Protection Scheme (HPS) Premium Calculator

    You will have to input the following information to obtain an estimate of the premium on a new Home Protection Scheme Cover:

    • Your complete date of birth.
    • Your sex.
    • Your loan amount.
    • Your loan interest type.
    • Your loan tenure in years.
    • Your coverage (the default is 100%).

    Monthly Instalment Calculator

    Purpose of the Monthly Instalment Calculator: To provide you with an estimate of the monthly instalment amount that is payable on your housing loan.

    Components of the Monthly Instalment Calculator: You will have to input the following information to obtain an estimate of your monthly installment amount:

    • Loan amount.
    • Loan repayment tenure in years.
    • Interest rate.

    Property with Less Than 60 Years Lease Calculator

    Purpose of the ‘Property with Less Than 60 Years Lease’ Calculator: To determine your eligibility + maximum amount of funds in your CPF that you can use for purchasing a property that has a remaining lease of under 60 years but a minimum of 30 years.

    This calculator can be used for HDB flats that have been purchased on or after July 1, 2013 and for private properties that have been purchased from July 19, 2005 onwards.

    Components of the ‘Property with Less Than 60 Years Lease’ Calculator: You will have to input the following information to determine your eligibility and maximum amount you can withdraw from your CPF Savings for the purchase of your house:

    • Lease duration in years.
    • Lease Commencement Date.
    • Purchase Date.
    • Date of Birth of all persons.
    • Purchase price of the property.
    • Value of the property when it was purchased.

    Outstanding Loan Calculator

    Purpose of the Outstanding Loan Calculator: To provide you with an estimate of your outstanding loan at any age selected by you such as the year you want to sell your property, the year you want to retire etc.

    Components of the Outstanding Loan Calculator:

    You will have to input the following information for the estimate of your outstanding loan amount:

    • Your loan ending age in years.
    • Your age when you took the housing loan in years.
    • Your initial loan amount.
    • Your monthly instalment amount.
    • Your interest rate p.a.

    Total Interest Calculator:

    Purpose of the Total Interest Calculator: To provide you with an estimate on the total interest you need to pay on your housing loan computed on a monthly rest basis.

    Components of the Total Interest Calculator: You will have to input the following information to get an estimate of the interest payable on your loan:

    • Your loan amount.
    • Your loan repayment tenure in years.
    • Interest rate p.a. for the 1st year.
    • Interest rate p.a. for the 2nd year.
    • Interest rate p.a. for the 3rd year.
    • Interest rate p.a. for the 4th year.

    Home Loan Interactive Calculator

    Purpose of the Home Loan Interactive Calculator: To provide you with a home loan that you may be able to afford and the interest you might have to pay on it.

    Components of the Home Loan Interactive Calculator: You will have to input the following information to get an estimate for a home loan you can afford:

    • Your monthly income (can be combined with your spouse).
    • Your desired loan repayment period in years.
    • Interest rate p.a.
    • Percentage of your income that will be spent on repaying the loan.

    CPF Healthcare Calculators:

    The healthcare category allows you to calculate how much you can claim under the healthcare plans for your approved medical insurance and hospitalization expenses. You can make claims from two insurance options namely Medisave and MediShield Life. Your healthcare expenses can include outpatient treatments, day surgeries, child delivery etc. When computing your claim eligibility, you will be asked to input details regarding the type of computation and what the claim is for.

    The different types of ‘Healthcare’ Calculators available to you are as follows:

    • Medisave/MediShield Life Calculator

    Medisave/MediShield Life Calculator

    Purpose of the Medisave/MediShield Life Calculator: To provide you with an estimate of the amount you can claim from Medisave or MedShield Life.

    Components of the Medisave/MediShield Life Calculator:

    You will have to input the following information to get an estimate on how much you can claim:

    Step 1 comprises of:

    Selecting computation for:

    • MedShield Life.
    • Medisave.
    • Medisave and MedShield Life.
    • Selecting computation for:
    • Hospitalization.
    • Outpatient Treatment.
    • Day Surgery.
    • Child Delivery (only applicable for Medisave).

    Step 2 comprises of: Keying in further information based on what you have previously keyed in. After this stage you will get a detailed breakup of how much you can claim for each category such as daily ward expenses, kidney dialysis expenses, daily hospital charges etc.

    Optimising My CPF Calculators:

    Singaporeans like to strengthen their retirement funds to further secure their future by making fruitful investments in stocks, shares, unit trusts, gold and so on. CPF offers a range of calculators to get an estimate of your return on investment, the amount from your CPF that can be used for such investments and so on.

    Specific calculators under this category allow you to compute the effect of expense ratio on your investment returns, get an estimate of your CPF funds that are available to you for making investments in gold and stock etc. You can also get an idea of the profit or loss you are making on your unit trusts under specific investment schemes available to be utilized from your CPF contributions.

    The different types of ‘Optimising My CPF’ Calculators available to you are as follows:

    • Expense Ratio Calculator
    • Stock and Gold Limits Calculator
    • Unit Trust Investment Profit & Loss Calculator

    Expense Ratio Calculator

    Purpose of the Expense Ratio Calculator: To provide you with an expense ratio on your investment returns in a simplified manner. In order to get a comparison, you will need to input 2 expense ratio numbers.

    Components of the Expense Ratio Calculator:

    You will have to input the following information to get the expense ratio on your investment returns:

    • The amount you have invested.
    • Your annual return.
    • Projected expense ratio is.
    • Input another expense ratio.
    • The result will provide you with your investment returns for over 30 years.

    Stock and Gold Limits Calculator

    Purpose of the Stock and Gold Limits Calculator: To allow you to compute the available amounts for gold and stock investments under CPFIS-OA (CPF Investment Scheme-Ordinary Account) depending on the information you key in.

    Components of the Stock and Gold Limits Calculator:

    You will have to input the following information to get the available amounts for your gold and stock investments:

    • Your complete date of birth.
    • The balance in your Ordinary Account.
    • The net amount that you have withdrawn for discounted Singtel shares.
    • The net amount you have withdrawn for CPFIS-OA.
    • The total amount you have withdrawn for education expenses.
    • The amount reserved by the CPF Board in your Ordinary Account.
    • The shortfall you may have in your Retirement Account (applicable for ages 55+).
    • Your CPF Investment Account Balance.
    • The cost of your gold investment.
    • Any refunds that are yet to be credited into your Ordinary Account.

    Unit Trust Investment Profit & Loss Calculator

    Purpose of the Stock and Gold Limits Calculator: To provide you with an estimate of the profit or loss on your unit trust investments under CPFIS-SA (CPF Investment Scheme-Special Account) and CPFIS-OA (CPF Investment Scheme-Ordinary Account).

    Components of the Stock and Gold Limits Calculator:

    You will have to input the following information to get an estimate of your profit/loss on your investments:

    • The type of your CPF Investment Scheme (CPFIS-SA/CPFIS-OA).
    • The number of units you have purchased.
    • The amount you have paid for the purchase.
    • The month and year of the purchase.
    • The selling price or bid per unit.
    • The back-end load or redemption charge (if applicable).
    • Performance fees (if applicable).

    CPF Self-Employed Matters Calculators:

    As the trend towards self-employment and the rise in entrepreneurship and start-ups is catching on in Singapore, CPF is offering a separate category focusing only the CPF Savings of self-employed individuals. Calculators under this category allow self-employed individuals to compute their contribution amount for Medisave as well as the instalment amount that they are eligible for.

    The different types of ‘Self-Employed Matters’ Calculators available to you are as follows:

    • Self-Employed Medisave Instalment Calculator
    • Self-Employed Medisave Contribution Calculator

    Self-Employed Medisave Instalment Calculator

    Purpose of the Self-Employed Medisave Instalment Calculator: To provide you with an estimate of the Medisave instalment that you are eligible for.

    Components of the Self-Employed Medisave Instalment Calculator:

    You will have to input the following information to get an estimate of your eligibility amount for Medisave instalment:

    • Your annual net trade income as assessed by the IRAS.
    • Your Medisave liability.
    • Your upfront payment (5%, 10%, 20%, 50%).

    Self-Employed Medisave Contribution Calculator

    Purpose of the Self-Employed Medisave Contribution Calculator: To allow you to compute your contribution amount for Medisave.

    Components of the Self-Employed Medisave Contribution Calculator:

    • You will have to input the following information to compute your Medisave contribution amount:
    • Your annual net trade income as assessed by the IRAS.
    • Indicate the year you wish to compute the amount for (starting from 2010 to 2016 onwards).
    • Your complete date of birth.
    • You contribution group (Pensioner/Non-Pensioner).

    CPF Other Matters Calculators:

    This is a general category consisting of myriad calculators from all the aforementioned categories that have not been previously included and some miscellaneous calculators that are equally useful. For instance, there are specific calculators under this section that provide estimations of how mandatory as well as voluntary contributions will be allocated into the 3 different CPF accounts, a calculator that helps compute the additional wage ceiling for employees working in the private sector, a calculator which helps you compute huge sums of money needed for your retirement etc. Furthermore, you can even find an interactive tool calculator available that can give you an estimate of whether your retirement goal is achievable.

    The different types of ‘Other Matters’ Calculators available to you are as follows:

    • CPF Contribution Calculator
    • Additional Wage (AW) Ceiling Calculator
    • CPF Contribution Allocation Calculator
    • CPF Retirement Estimator
    • CPF Retirement Calculator
    • CPF Education Monthly Instalment Rate Calculator
    • CPF Education Loan Repayment Period Calculator
    • Insurance Estimator
    • Savings Calculator

    CPF Contribution Calculator

    This calculator has been updated with rates that have been in effect from January 2016.

    Purpose of the CPF Contribution Calculator: To compute CPF contributions that are payable for employees who are Singapore Citizens or Singapore Permanent Residents (SPR) from the third year they have obtained such an SPR status.

    Components of the CPF Contribution Calculator:

    You will have to input the following information to compute your payable CPF contribution as an employee:

    • Employee Group (Private Sector Employees/Pensionable Government Employees which will only include the pensionable component/Non-Pensionable Government Employees).
    • Your month and year of birth.
    • Monthly income – Ordinary Wages.
    • Monthly income – Additional Wages.

    Additional Wage (AW) Ceiling Calculator

    This calculator only helps to compute the AW Ceiling (Additional Wage) for Singapore Citizens and third year Permanent Residents.

    Purpose of the Additional Wage Ceiling Calculator: To compute the AW Ceiling for private sector employees only.

    Components of the Additional Wage Ceiling Calculator:

    You will have to input the following information to compute your AW Ceiling:

    • The year for your AW Ceiling.
    • Your month and year of birth.
    • Your Ordinary Wages and Additional Wages for ALL months of the year.

    CPF Contribution Allocation Calculator

    This calculator has been updated with rates that have been in effect from January 2016.

    Purpose of the CPF Contribution Allocation Calculator: To provide you with information on how your voluntary and mandatory CPF Contributions will be allocated into your CPF Accounts (Ordinary/Special/Medisave).

    Components of the CPF Contribution Allocation Calculator:

    You will have to input the following information to know the allocation of your contributions:

    • Your month and year of birth.
    • Your contribution month and year.
    • Your contribution amount.

    CPF Retirement Estimator

    Purpose of the CPF Retirement Estimator: To allow you to compute the savings you require for your retirement.

    Components of the CPF Retirement Estimator:

    You will have to input the following information to compute your required savings for retirement:

    If you want a monthly retirement income of 70% of your last drawn salary and have the amount last for 20 years, you will need to provide the following information:

    • Your age in years.
    • Your present monthly income.
    • Your bonus in years.
    • Your return of investment upon retirement.
    • The average inflation rate.

    To have a monthly retirement amount for a fixed period of time, you will need to provide the following information:

    • Your age in years.
    • Your desired monthly retirement amount in current dollars.
    • How many years you wish for this amount to last.
    • Your present monthly income.
    • Your bonus in years.
    • Your return of investment upon retirement.
    • The average inflation rate.

    CPF Retirement Calculator

    Purpose of the CPF Retirement Calculator: To help you in determining if your retirement goal is achievable. This is an interactive calculator.

    Components of the CPF Retirement Calculator:

    You will have to input the following information to know if your retirement goal is achievable:

    Step 1: Desired Retirement Needs:

    • Your month and year of birth.
    • Your desired retirement age.
    • Your desired monthly retirement amount/income in current dollars.
    • The number of years you want your retirement savings to last.
    • Your return on investment during the investment period.
    • The average inflation rate.

    Step 2: Projection of CPF Balances:

    • Your monthly salary.
    • Your annual bonus in months.
    • Increment of your annual salary.
    • Your period of non-employment (0/1/2).
    • Your CPF Savings (Ordinary Account/Special Account/Medisave Account/Retirement Account).
    • CPF Interest Rate (Ordinary Account/Special Account/Medisave Account/Retirement Account).
    • Usage of your CPF Savings for instalments on your housing loan (The number of properties you have – 0/1/2/3/4).
    • Usage of your CPF Savings for any other deductions for yourself and up to 2 dependents:
    • Month and year of birth.
    • Home Protection Scheme.
    • Dependents Protection Scheme.
    • MediShield Life Scheme.
    • Private Medical Insurance Scheme (PMIS) includes options None/Class A/Class B1/ElderShield Scheme/Sex/Joined ESH at Age.

    Step 3: You will receive your Income and Expenditure Statement.

    Step 4: Your accumulation for retirement:

    • Cash Investment in Unit Trust/Bonds/Shares/Insurance Policies/Bank Deposits and Cash Savings/Gratuity Income.
    • CPFIS-OA investments in Unit Trust/Bonds/Shares/Insurance Policies.
    • CPFIS-SA investments in Unit Trust/Bonds/Insurance Policies.

    Step 5: Your Outstanding Liabilities at the age of retirement:

    • Outstanding Housing Loan.
    • Other Loans/Liabilities.

    CPF Education Monthly Instalment Rate Calculator

    Purpose of the CPF Education Monthly Instalment Rate Calculator: To provide students with an estimate on the monthly instalment payments for their education loan.

    Components of the CPF Education Monthly Instalment Rate Calculator:

    You will have to input the following information to get an estimate of your monthly instalments:

    • Your loan amount.
    • Your interest rate p.a.
    • Your loan repayment period in years.

    CPF Education Loan Repayment Period Calculator

    Purpose of the CPF Education Loan Repayment Period Calculator: To provide students with an estimate on how long it will take for them to repay their education loan.

    Components of the CPF Education Loan Repayment Period Calculator:

    You will have to input the following information to get an estimate of your loan repayment tenure:

    • Your loan amount.
    • Your interest rate p.a.
    • Your monthly instalment amount.

    Insurance Estimator

    Your insurance payout can be used for various purposes in case of your death including providing income for your dependent members, your children’s education or even to settle any debts you may have.

    Purpose of the Insurance Estimator: To provide you with an estimate of your life insurance coverage amount that will be provided to your dependents in case of your death. The result from this calculator is only a projected estimate of the death cover your dependents will receive.

    Components of the Insurance Estimator:

    You will have to input the following information to get an estimate of your death cover:

    • Your outstanding liabilities.
    • Your immediate expenses.
    • Your dependent’s needs.
    • Your children’s education needs (only applicable if no other arrangements are made to cover the children’s education expenses).
    • Any existing assets or insurance.

    Savings Calculator

    This calculator can be used to calculate any savings you have accumulated over the years such as savings to buy your own home, your child’s tertiary education, retirement fund and so on.

    Purpose of the Savings Calculator: To provide you with an estimate of how much you need to save depending on the question you choose from the options.

    Components of Savings Calculator:

    You will have to input the following information to get an estimate on how much you need to save:

    • Select one of the options:
    • How much to save/invest each month to reach my goal?
    • How much lump sum amount to set aside to reach my goal?
    • What will be the final value of investments/savings made by me?
    • What should be the rate of return to reach my goal?
    • Savings/Investment goal amount you wish to achieve.
    • Lump sum investments/savings upfront to be set aside (if applicable).
    • The number of years you wish to/need to invest/save.
    • Your estimated rate of return p.a. to be provided in percentage.

    CPF can be extremely confusing and exhausting to catch up with without proper knowledge on the subject. That is why the various calculators are a god sent because they help us compute each and every aspect of our CPF Savings that we not only need to make contributions towards but also how they will reward us in the future.

    Central Provident Fund
    CPF Accounts
    CPF Schemes
    CPF Withdrawals
    Others
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