Creating wealth is the process of investing in various asset classes in order to fulfil key needs, whether it is a long-term investment or a short-term investment. The process of establishing retirement goals, determining retirement income requirements, finding retirement income sources, and ensuring the nest egg is sustainable throughout the course of one's lifetime (and withdrawn from efficiently).
You can create your wealth by:
Unit trust funds, often called managed investments, enable you to pool your money with that of many other investors to purchase a diverse variety of investments managed by a professional team. This includes investments that you would not be able to access directly, such as large commercial properties and corporate bonds. You can fund your UT account from:
EPF Account 1
Regular Saving Plan
Lumpsum cash
The Private Retirement Scheme (PRS) is a voluntary programme that enables you to take control of your retirement resources. We've discovered that many consumers require assistance in ensuring they've saved enough for the retirement lifestyle they've always desired, and these funds are an ideal addition to your Employees Provident Fund ("EPF") member contributions.