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Setting up your retirement fund

Retirement might seem too far away to worry about, but it’s important that you start planning early.

If you start saving from a young age, you’ll be able to retire more comfortable when the time comes without having to work hard in your twilight years.

In this video, you will learn about different retirement instruments like the Employees Provident Fund (EPF) and Private Retirement Scheme (PRS) and how to use them. You will also pick up tips and guidelines on what factors to consider when setting your retirement fund goals, and how to stagger contributions throughout your lifetime.

Everyone should have a retirement fund, to prepare them for life when they’re older and unable to work.

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Lesson Quiz

You will retire one day in the future and you will need to consider the following except: