20-04-2013, 11:25 PM
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Junior Member
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Join Date: Apr 2013
Posts: 2
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401(k) Equivalent in Singapore?
Is there any? Other than the obvious CPF answer.
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21-04-2013, 01:47 AM
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Erm............ SRS?
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21-04-2013, 10:16 AM
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CPF is Singapore answer to 401(k).
I still have my old 401(k) retirement account back from my days of working in USA and here is my take of pros vs cons
Pros of CPF vs 401(k)
1) CPF is tax free.
2) Higher employer contribution rate(16%) than most 401k employer contribution rates. Many companies in USA don't even have an employer contributions.
3) Guaranteed returns if u don't invest it.
Cons of CPF vs 401(k)
1) have to wait till 65 to take out.
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