The tips and insights in the Financial fitness beyond CPF questionnaire are based on common financial planning rules of thumb in the Monetary Authority of Singapore’s (MAS) Basic Financial Planning Guide. The Guide was created together with key industry stakeholders including the Association of Banks in Singapore, the Association of Financial Advisers (Singapore), and the Life Insurance Association.

 

The Guide provides a comprehensive set of rules of thumb for key aspects of a holistic financial plan, namely emergency funds, insurance protection, investment/retirement and legacy planning. While it provides members with guidance on how they can meet their key and basic financial planning needs, this guidance is not designed to be exhaustive. For detailed information on the Guide, you may refer to MoneySense’s FAQs.