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Singapore Retirement Planning
With retirement on the horizon, it’s never too early to start planning. In this blog post, we’ll discuss some of the best retirement planning in Singapore you can find. We have gathered a list of our favorite retirement planners that offer services like retirement calculator and income replacement ratio analysis. You’ll also learn how to work with your financial advisor during retirement to make sure that you are maximizing your retirement potential!
1. AXA Insurance
| Key Services | Plan Flexibility |
| Website | https://www.axa.com.sg/savings-investments/axa-retire-happy-plus-ii |
| Address | 8 Shenton Way, #24-01 AXA Tower, Singapore 068811 |
| Phone | +65 6880 4888 |
| Operating Hours | Monday – Friday, 9:00 AM – 5:30 PM |
The AXA Financial’s Retiree Happy Plus is one of the best retirement plans in Singapore, owing to its adaptable payment plan and comprehensive coverage.
With Retire Happy Plus, you may control your retirement age. You can retire as early as 50 years old, depending on how soon you want to collect your benefits.
Key Differentiators
- Choice of retirement
- Flexible payment terms
- Death benefit
2. AIA Insurance
| Key Services | Choice of Premium Terms |
| Website | https://www.aia.com.sg/ |
| Address | 1 Robinson Rd, AIA Tower, Singapore 048542 |
| Phone | +65 1800 248 8000 |
| Operating Hours | Monday – Friday, 8:45 AM – 5:30 PM |
The Retirement Saver (III) is Singapore’s most popular retirement plan, owing to its wide coverage and adaptable payment plans.
While it is recognized for its flexible compensation plan, it falls a bit short when it comes to monthly retirement pay. Retirement Saver (III) can only promise income for the next 15 years if other plans provide lifelong remuneration.
Key Differentiators
- Future returns
- Flexible payment terms
- High quality service
Client Testimonial
Was there to surrender a policy and I received prompt and hassle-free service. AIA is a company I can trust.
3. MoneyOwl
| Key Services | Comprehensive range of life insurance |
| Website | https://www.moneyowl.com.sg/retirement-planning/ |
| Address | 23 Keong Saik Road Singapore 089130 |
| Phone | 6329 9188 |
| enquiries@moneyowl.com.sg | |
| Operating Hours | Monday to Friday: 9am – 6pm (After 6pm by appointment only) Saturday: By appointment only |
The MAS has licensed MoneyOwl as a financial adviser and fund management firm. They want to help you live your life to the fullest by making easy and confident money decisions for you.
They have an app that creates a personalized retirement plan based on the user’s monthly income and anticipated annual expenses throughout their working career, as opposed to other businesses.
Key Differentiators
- Highly customisable plans
- Has a mobile application for easier access
- Available after office hours by appointment
Client Testimonial
If you don’t wanna mess with many insurance providers, have a one-stop shop and do most of the signing up process at home, this is the stop. Terence was my financial consultant, above everything, he’s very thoughtful and very responsive, so not much more I can ask for.
4. PolicyPal
| Key Services | Comprehensive range of life insurance |
| Website | https://policypal.com/ |
| Address | 38 Eng Hoon Street Singapore 169783 |
| Phone | +65 3163 9184 |
| hello@policypal.com | |
| Operating Hours | Contact for more information |
We can provide you the option of choosing from a variety of different insurance plans, each with its own set of benefits and drawbacks. You may choose between various types of insurance coverage, including term lengths ranging from one year to life or permanent disability, waivers of future premiums, and tax-free withdrawals from your SRS savings account. PolicyPal can assist you in choosing retirement insurance based on your needs and budget.
Key Differentiators
- Value for money
- Customer-oriented
- Time-Saving
Client Testimonial
Great company with a great product that helped me greatly in comparing different insurances. Was able to seamlessly purchase travel insurances every time I travel. Definitely cannot do without this app on my phone.
5. Income Insurance
| Key Services | Easy Application |
| Website | https://www.income.com.sg/savings-and-investments/gro-retire-ease |
| Address | 3 Gateway Dr, #02-40B Westgate, Singapore 608532 |
| Phone | +65 6788 1777 |
| Operating Hours | Monday – Friday, 10:00 AM – 7:00 PM |
Income’s Gro Retire Ease is the ideal solution for people who want a retirement plan with frequent bonuses in Singapore. When you’re covered by one of Singapore’s most cost-effective as well as finest retirement planning, you’ll have nothing to worry about when it comes to retirement life.
Key Differentiators
- Frequent bonuses
- Choice of retirement age
- Death and accident benefits
6. Aviva Insurance
| Key Services | They provide wide inclusions and benefits |
| Website | https://www.aviva.com.sg/en/retirement/planning/ |
| Address | 4 Shenton Way, #01-01 SGX Centre, Singapore 068807 |
| Phone | +65 6827 7988 |
| cs_life@aviva-asia.com | |
| Operating Hours | Monday – Friday, 8:45 AM – 5:30 PM |
With Aviva’s MyRetirement, you’ll be sure to have a secure and stable retirement. Given its broad coverage and advantages, it is among the most popular and effective retirement plans in Singapore in 2021.
Another thing to consider about MyRetirement is the choice of alternative payment methods. Clients can use these options to manage their monthly expenditures.
Key Differentiators
- Hassle-free application
- Choice of retirement age
- Flexible premium terms
Client Testimonial
So far so good! Happy with the 2 savings policies I have with Aviva as I feel the returns are competitive. Out of convenience, I also tend to use Aviva for travel insurance whenever I travel – purchase process is very simple and straightforward.
7. Dollar Bureau
| Key Services | Finding a financial service that is suited for your needs |
| Website | https://dollarbureau.com/singapore-financial-planners/ |
| Address | 10 Anson Road, #33-03 International Plaza, Singapore 079903 |
| hello@dollarbureau.com | |
| Operating Hours | Monday To Friday: 9.30am to 5.30pm |
You won’t have to worry about having a secure and steady future any more, as Singapore Financial Planners will assist you! Given their highly certified financial advisors and wide coverage and benefits, they are among the best insurance and investment firms in Singapore.
Key Differentiators
- Accommodating staff
- Professional and highly trained financial consultants
- Wide range of insurances
Client Testimonial
Thought they were just some random insurance agents hiding behind the guise of being an “unbiased financial advisor” so I decided to test them out. Submitted the form twice, and got connected to 2 different financial advisors from 2 different companies. Both gave slightly different proposals but both are sound advice. Surprised that even the policies recommended were also from different insurers and there was no preference towards one
8. Manulife Insurance
| Key Services | Loss of Independence Income |
| Website | https://www.manulife.com.sg/en/solutions/save/retirement/retire-ready-plus.html |
| Address | 8 #01-01A, Cross St, Manulife Tower, Singapore 048424 |
| Phone | +65 6833 8188 |
| Operating Hours | Monday – Friday, 9:00 AM – 6:00 PM |
If you’re looking for a way to ensure a monthly income for life when you retire in Singapore, Manulife’s RetireReady Plus is the solution. It allows retirees to enjoy their best years without the worry of financial uncertainty in the future.
Manulife is a well-known provider of excellent retirement plans in Singapore, thanks to its wide range of benefits and cover. Its perks include death coverage, which relieves your loved ones of the burden of bearing the expense if something were to happen to you.
Key Differentiators
- Guaranteed monthly income
- High quality services
- Death coverage
Client Testimonial
I will like to thank my consultant for the professional advice given to me. Without her helping me to take care of the policies, I could have landed myself in an insurance debts, refunds, cancellations and so on, many negative impacts on my daily and month financial status and usage. She advice me what is good and bad policies from simple calculation as well as values that can be predicted now and adjust before anything or crisis happen. She know what is enough and not enough for me. Hence she don’t ask me to keep on buying. As there is no point to over insured.
Singapore Retirement Planning
The retirement planning in Singapore have gone through plenty of progress. From retirement planning to retirement logistics, retirement benefits, retirement timeframes and retirement strategies, the retirement planning in Singapore is focused on pragmatic consequences.
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