SINGAPORE – MyMoneySense, a digital financial planning service that was launched in 2020 by the Ministry of Manpower (MOM) and Government Technology Agency of Singapore, will discontinue its services on Dec 31 2025 at 11.59pm.

According to its website, the move is “part of efforts to streamline government financial planning digital services”. The statement added that there are other planning platforms such as PLAN (Plan Life Ahead, Now!) with CPF that Singaporeans can go to for their digital financial planning needs.

MyMoneySense is not to be confused with MoneySense, Singapore’s national financial education programme, which runs courses and provides resources to help Singaporeans manage their money well and make sound financial decisions on their own.

Mr MS Leong, 57, a civil engineer, echoed the views of many that The Straits Times spoke to. They either did not know of the existence of MyMoneySense or they confused it with MoneySense, including this reporter.

“Isn’t it one and the same? I didn’t know they were different,” he said.

Following the closure of MyMoneySense, Singaporeans can access financial planning tools on a digital platform launched by the Central Provident Fund (CPF) on July 5, 2025.

On the

PLAN with CPF

digital platform, they can project their retirement savings and payout, calculate their home purchase budget and assess the affordability of health insurance premiums. 

They can continue to access financial literacy resources on the

MoneySense website

.

“MoneySense is a good source for financial literacy, especially for the younger folks, said Mr Leon Loh, financial services consultant at GEN Financial Advisory.

Mr Loh reads articles on MoneySense as they provide useful information and are impartial. “The articles are written in a clear and concise manner. I quite like this style,” he added.

In addition, Singaporeans can visit

My Legacy@LifeSG

platform for resources to help them plan ahead for when they lose mental capacity or pass on.

They can make arrangements for matters pertaining to their care, welfare and finances. The documents can be stored in the My Legacy vault and shared with family members or loved ones.

The Institute for Financial Literacy, the outreach arm of MoneySense, continues to conduct free financial education and training programmes for the public.

Financial advisers also write financial planning related articles that are available on the Association of Financial Advisers (Afas) website.

Afas has always worked closely with MoneySense and CPF to advance financial literacy in Singapore, said its president, Mr Raymond Ng. 

“Financial literacy is a lifelong journey,” he noted, adding that Afas is committed to help Singaporeans make informed financial decisions.

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