Synopsis: Learn to protect and grow your wealth in this monthly Business Times podcast series for affluent individuals, hosted by BT wealth editor Genevieve Cua. 

In this ninth episode of WealthBT, wealth editor Genevieve Cua talks about how to maximise your CPF and SRS savings for retirement.

Highlights (click/tap above): 

2:21 Highlights of the Supplementary Retirement Scheme and investment options

5:29 Things to bear in mind about SRS: premature withdrawal penalty; relatively low limit on contributions and potential tax on withdrawals in retirement

7:51 Benefits of topping up CPF:  Higher interest rates and tax relief

11:30 Ways to maximise your retirement savings in CPF and SRS: Go for low-cost investments; use cash to service home loans rather than CPF; and defer retirement income

Produced by: Genevieve Cua (gen@sph.com.sg), Ernest Luis, Lee Kim Siang & Fa'izah Sani

Edited by: Howie Lim & Hadyu Rahim

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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. 

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BT Money Hacks Podcast at: https://bt.sg/btmoneyhacks

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