CPF Launches New Digital Platform for Members to Plan Housing, Retirement, and Health Insurance

The Central Provident Fund (CPF) has launched a new digital platform called PLAN (Plan Life Ahead, Now!) to help members with financial planning. The platform, available on the CPF website, allows members to project their retirement savings, calculate their home purchase budget, and assess health insurance affordability. It offers a personalised dashboard with resources tailored to each member's life stage. The platform was introduced on July 5 during CPF's 70th anniversary event.

Covering retirement, home purchase, and health insurance planning, the platform empowers members to take control of their financial health. The retirement payout planner helps members set payout goals and explore ways to maximize CPF benefits. The home purchase planner shows the budget, loan options, and impact on retirement payouts. The health insurance planner enables comparison of premiums and features of different plans for informed decisions.

Developed in collaboration with MoneySense, the platform includes financial planning resources and a financial fitness questionnaire. CPF Board CEO Melissa Khoo emphasized CPF's commitment to innovation to meet members' evolving needs. The platform also offers a digital book, 'Save & Sound: 70 Years Of CPF,' chronicling CPF's journey. An exhibition at Our Tampines Hub till July 10 showcases CPF's history and features the PLAN with CPF platform.

According to the source: The Straits Times.