Supporting Parents Who Do Not Have A Retirement Plan

It is not unheard of for Singaporean children to take care of their aging parents. This is partly due to our unwavering Asian culture of familial unity. We even have a legislation for it! Protected by the Maintenance of Parents Act, senior citizens who are unable to sustain their lifestyle can apply to the court in order for their children to provide a monthly allowance. More than just a social obligation, there are four steps to begin a retirement plan