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Author: admin | Category: Lease Car Calculator | Date: 10.10.2014

The Housing and Development Board will extend the Lease Buyback Scheme to 4-room flats.A This will enable more Singaporeans to monetize their assets and derive a steady stream of income for their retirement needs. Each index provider designs its indexes for a certain purpose and with current characteristics.
This year, the real estate market is no good, I have upgraded myself, I have become a financial planner," quipped Prime Minister Lee as he spoke on retirement adequacy for Singaporeans in his National Day Rally on Sunday (Aug 17).Mr Lee says Singapore has good schemes to provide assurance in retirement - namely through the Central Provident Fund (CPF) and home ownership.
CPF members set aside the Minimum Sum when they turn 55 years old, and it will offer a regular stream of income for them after they turn 65.

Use of this Site is subject to our terms and conditions of use.Your continued use of this Site shall be construed as your agreement to abide by our terms and conditions of use. Mr Lee explained that the amount is "far from excessive".CPF members can count their homes in the Minimum Sum, meaning they need to set aside just half of it in cash, which works out to S$77,500. Mr Lee conducted a poll of the audience at the Rally using an example of a fictitious couple Mr and Mrs Tan."I ask Mr Tan - how much do you think you will need in retirement every month?" Mr Lee said. Let's say you buy a studio apartment, you move into the studio apartment and then in the process, you can enjoy a silver housing bonus from the Government which is S$20,000.

We can do the sums, you get quite a lot of money - S$210,000, plus S$800 per month," explained Mr Lee.Another option is the Lease Buyback Scheme, which will be extended to 4-room flats.

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