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The Central Provident Fund Board (CPFB), commonly known as the CPF Board or simply the Central Provident Fund (CPF), is a compulsory comprehensive savings and pension plan for working Singaporeans and permanent residents primarily to fund their retirement, healthcare, and housing [3] needs in Singapore. The CPF is an employment-based savings ...
Starting in 2010, Singapore has set an approximately 30,000 annual cap on the number of individuals being granted PRs. There is a relatively stable population of just over 500,000 PRs in Singapore. Individuals eligible to apply for Singapore PR include: [3] spouses and unmarried children (below 21 years old) of Singapore citizens or permanent ...
Singaporean and Singapore PR (SPR) employees are required to set aside part of the earnings and contribute to Central Provident Fund. [15] The employers are also required to contribute proportion of the earnings paid to their Singaporean and SPR employees to the fund. The contribution rates to CPF vary depending on income range and age bracket.
The numbers began to increase greatly from 1980 to 2010. Foreigners constituted 28.1% of Singapore's total labour force in 2000, to 34.7% in 2010, [17] which is the highest proportion of foreign workers in Asia. Singapore's non-resident workforce increased 170% from 248,000 in 1990 to 670,000 in 2006 (Yeoh 2007).
The AHG was first introduced on 3 March 2006 to help lower-income citizen families buy their first HDB flat. Under the AHG, households earning below the monthly income ceiling can qualify for an additional subsidy (refer table).
The reserves of the Government of Singapore is a collection of assets, after subtracting for liabilities, owned by the Government of Singapore and the entities listed in the fifth schedule of the Constitution, such as the Central Provident Fund (CPF), Housing and Development Board (HDB) and Temasek Holdings amongst others.
The National Registration Identity Card (NRIC), colloquially known as "IC" (Malay: Kad Pengenalan Pendaftaran Negara; Chinese: 身份证; pinyin: Shēnfèn Zhèng; Tamil: அடையாள அட்டை, romanized: Aṭaiyāḷa Aṭṭai), is a compulsory identity document issued to citizens and permanent residents of Singapore. [1]
Logo of the Insolvency and Public Trustee's Office. The Insolvency & Public Trustee's Office (IPTO) in Singapore is a department under the Ministry of Law.IPTO oversees the administration of individual and corporate insolvencies, the administration of small intestate estates and un-nominated Central Provident Fund (CPF) monies, as well as the licensing and regulation of moneylenders and ...