Last updated: 

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.

User comments

  • user image

    No Name

    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.

    2020.03.24 15:44

Please leave your knowledge and opinion!

Related Forums

I am retiring soon and my pension will kick in soon

I need a maintenance for my diabetes.

How much do I need tfor my retirement?

I need a surgery as soon as possible

Retirement benefits issue

I am a retired school security guard and diagnosed with a cancer, is there any help that I could get from my former workplace?