As you approach retirement, one of the biggest decisions you’ll have to make is where to spend your golden years. With its efficient healthcare system, low crime rate, and diverse culture, Singapore has become a top destination for retirees around the world. This island city-state boasts a high standard of living, making it an ideal place to relax and enjoy your retirement years. Not to mention, English is widely spoken in Singapore, making it easier for expats to adapt to their new home.
Another major factor that makes Singapore popular among retirees is its tax-friendly policies. The government offers tax breaks for retirees and has a special retirement savings plan called the Central Provident Fund (CPF), which ensures financial stability during your retirement years. This plan also allows you to withdraw a portion of your savings every month to cover expenses, providing peace of mind for retirees. Additionally, Singapore’s retirement visa for expats, known as the Employment Pass for Foreign Workers, makes it easier for foreigners to retire and live in the country. With its welcoming atmosphere and perks for retirees, Singapore truly is the perfect place to plan your golden years.