How to Increase the Pension

A secure, comfortable retirement is a priority for everyone, and for many, that means finding ways to boost their pension income. At PensionNews, we understand the importance of maximizing your retirement funds, and we’re here to offer effective solutions on how to increase the pension and ensure a more stable financial future.

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Enhanced Financial Security

A higher pension income offers added protection, ensuring you can comfortably manage essential costs like housing, utilities, and healthcare.

Greater Freedom to Enjoy Retirement
Extra income can allow you to pursue hobbies, travel, or enjoy more leisure activities, making your retirement fulfilling and enjoyable.

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Boosting CPF LIFE Payouts

In Singapore, topping up your CPF can increase your CPF LIFE monthly payouts, providing a stable, lifelong income. PensionNews provides tips on how to maximize voluntary contributions to get the most out of your retirement plan.

Tax Benefits for Contributions

Some pension plans offer tax incentives for voluntary contributions, which can reduce your taxable income while increasing your retirement savings. Check with your pension provider for tax benefits that apply to your contributions.

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Understand the Benefits of Delayed Payouts

Pension funds are often structured to offer a larger monthly payout for those who wait until a later age to start receiving benefits. Delaying retirement by a few years could significantly boost your
lifetime income.

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Calculate Your Optimal Withdrawal Age

PensionNews provides calculators and guides to help you determine the best age to start withdrawing based on your lifestyle and financial goals. This helps you plan a retirement strategy that maximizes your pension benefits.

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Savings Bonds

SSBs are government-backed and offer a stable interest rate, making them ideal for retirees seeking steady returns. Our investment guides explain how to incorporate SSBs into your portfolio to support your pension income.