Planit:Detailed CPF Contributions Exercise

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This case study is specific to financial planning in Singapore, so has fixed values rather than indices by country. For a similar case study applicable to Malaysia, please see Planit:Employer EPF Contributions Case Study.

Solve for the following problem:

Ren and Shou Bai want a detailed breakdown of their CPF contributions and those of their employers included in their life goals analysis. Ren's age, retirement age and income respectively are 50, 55 and $100,000; Shou's is 48, 53 and $40,000. Use the CPF contribution calculator to determine the different tiers. Also, Ren saves $7,000 annually into an SRS fund, and Shou saves $4,000 into her own SRS.

Check the accuracy of your client against the answer key

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