2020 – November

CPA P-FUND New Contribution Scheme: A New Way Forward

 

As you all know by now, CX has a new contribution scheme for the provident fund. You will have received an email from the company today, detailing the election options going forward from January 2021.

There is a lot of information to digest! The new changes can be confusing and you may not be sure with which direction to go.

We understand this may be a complicated topic, therefore, we have put together a detailed guide to simplify the process. Not only that, but I have personally provided some helpful guidance of what to do and how to manage your funds going forward – giving you more control over your money.

With the risk that the company may use some of these contributions towards long service leave (as per their FAQ), we cannot stress enough the importance of knowing where your money is and what it’s doing.

We’ll explain further in the article, but taking serious consideration of using other schemes, such as the QDAP (Qualified Deferred Annuity Program) and VHIS (Voluntary Health Insurance Scheme), is worth it.  It not only allows your money to be separated from CX, but also takes advantage of a tax-free system. Going in this direction, you are guaranteed savings that, not only provide a long term predictable savings, but also a safe annuity approaching your retirement.

Download your free copy via the link below.

Best,
Michael

 

PDF DOWNLOAD – A NEW WAY FORWARD