Introduction of Singapore Immigration Provident Fund Account

# Singapore Immigrants # Introduction Singapore's low taxes and high welfare are completely different from those in China. Singapore stipulates that every Singapore citizen or Singapore permanent resident must have his own provident fund account, and every resident can add money to this account every month or every year. If he works in Singapore, the enterprise is obliged to pay the provident fund account for his employees every month. This system is somewhat similar to the four major domestic funds, but there are also differences. Let me introduce you to the provident fund account of Singapore immigrants. Welcome to read!

1. Singapore's CPF account is a private account. It will not participate in the overall planning. Pay more, you will get more. If you pay less, you will get less, or you may not pay. If the personal account is used up, it can be left to the children later.

2. The money in the provident fund account can be used for medical treatment, house purchase and children's education.

Before the age of 62, residents can enjoy a monthly pension after retirement as long as they deposit S $90,000 in their accounts.

You can withdraw this money when you are 82 years old or retire.

5. The medical level in Singapore is very high in the world, but the medical expenses in Singapore are not expensive. Generally, everyone can pay part of their account, and the government will subsidize part of it, plus part of the insurance company's claims, so most people can afford it.

Further reading: investment immigration conditions in Singapore

1. The government's investment is a direct investment of S $65,438+5,000 registered capital (risk or trust funds), which of course needs to be approved by EDB.

2. Invest S $6,543,800+in the real estate project designated by the government, and then invest S $6,543,800+in the registered risk or trust fund. For EDB investment, as a shareholder, you still need to meet some conditions, at least 3 years of business experience.

3. Submit financial reports for the last three years; Meet the corresponding turnover standards (the main income in the last three years should reach more than S $654.38+million).

4. Personal net assets should reach S $6.5438+5,000 or more. This kind of immigrants have no academic requirements, the application time is relatively short, and the speed is relatively fast, which can realize the whole family immigration. The funds invested are also relatively safe, because these funds are less risky and do not need to be deliberately operated; Low taxes, this is a paradise for all enterprises.