Managing retirement savings in Singapore

Cheryl · 2025-08-20T09:31:12+02:00

Explore strategies for managing retirement savings as an expat in Singapore. Discover local investment options, tax implications, and share insights.

Cheryl Moderator

Member since 15 October 2018

CherylModerator20 August 2025 07:31:12

14082

Hello everyone,

Saving for retirement as an expat in Singapore can be challenging. With different options, rules or even taxation, expats have to understand how it works to make informed decisions. We invite you to share your insights in order to help other expats and soon-to-be expats manage or plan their retirement savings in Singapore.

How do you handle retirement savings in Singapore?

Have you faced any challenges accessing pension funds from your home country (or from other countries)? How do you deal with taxation or the currency exchange rates?

What local options are available to expats, either public or private, to help you save for retirement?

What are the most popular private pension or investment plans popular among expats in Singapore?

What do you wish you had known earlier about saving for retirement as an expat?

Thank you for your contribution.

Cheryl
海角乱伦 Team

beppi Germany/Singapore Expert

Member since 08 August 2010

Germany & Singapore Expert

beppiGermany/Singapore Expert20 August 2025 19:55:38

15507

Singapore鈥檚 CPF system of compulsory savings is good enough for most people and situations. If you leave the country permanently, you can cash out the entire accrued amount (incl. good interest)..

On top of it, you can choose to also contribute to your home country聽 retirement system. But do ignore Singapore financial consultants trying to sell you more - they only want to earn quick bucks from (mostly well-earning) expats!