(For more info on LBS, please check out https://www.hdb.gov.sg/cs/infoweb/residential/living-in-an-hdb-flat/for-our-seniors/lease-buyback-scheme).

This is an original article written by Eddy Cheong, Head of Solutions Team at Providend and former Chief Advisory Officer of MoneyOwl, Providend’s associate company. Providend and MoneyOwl have a shared wealth management philosophy.

Here are the links to the other 5 parts of Financial Planning for the Merdeka Generation:

[1] Source: HDB data dated 24 Apr 2018, https://www.hdb.gov.sg/cs/infoweb/various-options-for-seniors-to-monetise-hdb-flats
[2] http://www.hdb.gov.sg/cs/infoweb/img/top-up-worked-example.jpg;wa54c8c9d1c6f02b4f
[3] This amount is estimated from the CPF LIFE Estimator. Mr Lim is estimated to receive $$126 to $133 monthly and $29 to $31 monthly for Mrs Lim.

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