1. The Singapore CPF account is a private account that does not participate in social pooling. You get more if you contribute more, and less if you contribute less; you can also choose not to contribute. If there is a balance in your personal account, it can be left to your children in the future.
2. The money in the CPF account can be used for medical care, home purchases, and children's education.
3. If a resident contributes 90,000 Singapore dollars to the account before the age of 62, they can enjoy a monthly pension after retirement.
4. You can withdraw the money from the account at the age of 82 or upon retirement.
5. The medical standard in Singapore is internationally recognized, yet medical costs in Singapore are not expensive. Generally, when seeing a doctor, one can pay part of the cost from the account, the government will subsidize a portion, and insurance companies will cover another portion, making the costs affordable for most people.
Compared with China, Singapore's immigration benefits are more advantageous, and the low tax rate is also very attractive. Many domestic entrepreneurs choose to invest in Singapore, not only to avoid concerns about overseas taxation but also to enjoy the benefits here.
