Singapore Medical Guide | Singapore Healthcare

The social security system in Singapore is based on a compulsory savings fund managed by the Government. All working adults are required by law to contribute a percentage of their monthly pay into a savings account within the Central Provident Fund under their own names.

Their employers are also required to contribute a smaller percentage into this fund as well. This compulsory savings cannot be withdrawn for living expenses until retirement. They can, however, be used for purchase of housing, children’s education, and medical expenses.