18 Jun '11, 2pm

Read this before you invest CPF

Your total monthly contribution to the Central Provident Fund (CPF) goes into three accounts: Ordinary Account (CPF OA), Special Account (CPF SA) and Medisave account (CPF MA). To open up the possibility for better returns on your CPF savings, the Government allows CPF savings to be invested through the CPF Investment Scheme (CPFIS). The amount which can be invested is calculated based on the balance at the end of each month. CPF OA earns a minimum risk-free interest of 2.5 per cent per annum guaranteed by the Government, while CPF Special, Medisave and Retirement accounts (SMRA) earn a guaranteed minimum of 4 per cent per annum. In addition, the first S$60,000 in combined CPF balances, with up to S$20,000 from the CPF OA, will earn an extra 1 per cent per annum interest. The first S$40,000 of CPF SA balances and first S$20,000 of CPF OA balances cannot be used for investm...

Full article: http://www.todayonline.com/Commentary/EDC110618-0000205/S...

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