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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
- resources saved can be used to meet other needs of the nation
- government rely less on increasing taxes
- By sharing the responsibility of
taking care of senior citizens,
government's burden is reduced
- Everyone has a part to play in helping the
nation prepare for an ageing population
- Individual responsibility
- Healthy lifestyle
- The individual is encouraged to maintain a healthy
lifestyle by watching his diet and exercising regularly
- 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
- Singaporeans encouraged to plan early and
be financially prepared for life in their old age
- Healthy lifestyle
- 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
- Home Nursing Foundation for Elders
- Most organisations involve
members of the community such as
- housewives, students and retirees
- housewives, students and retirees
- Offer free health checks and organise
recreational activities for senior citizens
- Government provides subsidies to voluntary welfare organisations
that run community-based services 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
- encourages elderly to stay active
in the family and community
- held annually in November since 1979
- Grandparents' Day
- celebrated in November
- to bring families together to show
their appreciation for the elderly
- to bring families together to show
their appreciation for the elderly
- celebrated in November
- Strong and stable families bring
about social stability and harmony
- 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
- taking care of elderly parents,
grandparents or great grandparents
- Taxpayers can claim an
income tax deduction for..
- Central Provident Fund (CPF)
- Special Account
- For retirement, emergency
and investment purposes
- 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
- To ensure that senior citizens will still
have some money for their old age
- CPF members can withdraw their
savings when they are 55 years old
- Ordinary Account
- Special 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
- 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
- The parents, however, must be incapable of supporting
themselves financially and must be over 60 years old
- Parents can get court's help to seek
financial support from their children
who are capable of supporting
them, but are not doing so.
- Tax relief
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