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Strategies to overcome an ageing population
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gce o-level
Mapa Mental por
Sean Tan
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Sean Tan
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Resumen del Recurso
Strategies to overcome an ageing population
'Many Helping Hands' approach
Everyone has a part to play in helping the nation prepare for an ageing population
By sharing the responsibility of taking care of senior citizens, government's burden is reduced
government rely less on increasing taxes
resources saved can be used to meet other needs of the nation
Individual responsibility
Healthy lifestyle
The individual is encouraged to maintain a healthy lifestyle by watching his diet and exercising regularly
Financial planning
Singaporeans encouraged to plan early and be financially prepared for life in their old age
Individuals can learn about retirement planning through attending talks and reading relevant materials
Community Help
Government provides subsidies to voluntary welfare organisations that run community-based services for senior citizens
Example of an organisaton
Home Nursing Foundation for Elders
Most organisations involve members of the community such as
housewives, students and retirees
Offer free health checks and organise recreational activities for senior citizens
Family support
Strong and stable families bring about social stability and harmony
Family is the main source of emotional, social and financial support
The Senior Citizens' Week
held annually in November since 1979
encourages elderly to stay active in the family and community
Grandparents' Day
celebrated in November
to bring families together to show their appreciation for the elderly
Government support
Tax relief
Taxpayers can claim an income tax deduction for..
taking care of elderly parents, grandparents or great grandparents
Contributing to their own or their elderly dependents' CPF retirement accounts
grandparents taking care of grandchild/children while both parents work
Central Provident Fund (CPF)
Special Account
For retirement, emergency and investment purposes
Retirement Account
CPF members can withdraw their savings when they are 55 years old
Above the age of 62, CPF members will receive a monthly sum from their Retirement Account
To ensure that senior citizens will still have some money for their old age
Ordinary Account
Public housing scheme
First-time buyers of government flats can get a housing grant if they buy a flat in the area where their parents live
Tribunal for the Maintenance of Parents
Parents can get court's help to seek financial support from their children who are capable of supporting them, but are not doing so.
The parents, however, must be incapable of supporting themselves financially and must be over 60 years old
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