Can a pension help me from being bankcrupt?
I am already retired from my profession which is a teacher so I invested my money to a business that could surely help support my daily financial need. Yet I am still afraid what if my business went bankcrupt, will my pension be able to subsidize my business to keep running. I want to support myself and not obliged my children of my needs and my wife's so I want to have my own solution to my own problem in case of some things that might happen.
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Singapore's pension system is one of the oldest and most developed national schemes in Asia. The system rests predominantly on one pillar: the Central Provident Fund, which provides for most social security functions. The Supplementary Retirement Scheme, a voluntary private pension scheme without employer involvement that enjoys tax advantages, completes Singapore's pension landscape.