PwC calls for extra tax breaks on Singapore's CPF booster

Restrictive, inefficient and high cost - three major flaws in the city''s new retirement scheme proposal.

Singapore's proposed supplementary retirement scheme SRS is in need of a major rethink if it is to be an effective way for Singaporeans to top up their retirement savings, says a leading actuary.

David Richardson, director of actuarial benefits and insurance of PricewaterhouseCoopers, has recently told a gathering of investment professionals that while a pension top-up scheme is needed, some features proposed by the government in the SRS may be regarded by the investment industry as unworkable.

The...

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