Retirement planning for your golden years
Retirement planning is a key component of all financial planning, and the earlier we start, the more comfortable we will be later in life. By saving regularly from a young age, you can reduce the amount you need to save on a regular basis to achieve your goals of financial independence. As an expat based in Singapore or the region, there are a number of important areas to explore when planning and saving for your retirement.
Outlined below are the three core vehicles that can be utilised for most Australian expats to save for retirement. It may be that one or a combination of all three is the right solution for you. By taking advantage of the tax benefits of each, you can ensure that you’re on track to reaching financial independence when you plan to.
Key Areas and Retirement Vehicles
CPF
CPF is a retirement vehicle open to both Singapore citizens and PRs. How are your CPF funds invested? Did you know that you could in fact control your investment strategy with your CPF and seek to improve returns? Find out more here.
SRS
SRS – Supplementary Retirement Scheme, is a retirement vehicle that is open to expats allowing you to save and invest for your retirement and make tax-deductible contributions. Find out more about this strategy here.
Superannuation
Superannuation is a tax-efficient retirement vehicle for Australian residents and non-residents to make tax-effective contributions into and invest across asset classes. Find out more about utilising this tax-effective vehicle here.
Plan for Your Retirement with Australian Expatriate Group
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