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1. CPF Investment Scheme (CPFIS) The CPF Investment Scheme (CPFIS) lets you invest your Ordinary Account (OA) and Special Account (SA) savings in a wide range of investments to enhance your retirement savings. 2. Special Discounted Shares (SDS) Scheme*.
Discover a range of investment options such as stocks and gold for your CPF savings so you can enhance your retirement savings. Scheduled Maintenance: CPF digital services will not be available on 7 Jul 2024, from 12am to 8am.
CPFIS consists of two different schemes: CPF Investment Scheme-Ordinary Account (CPFIS-OA) and CPF Investment Scheme-Special Account (CPFIS-SA). Through CPFIS, you have the flexibility to invest in a wide range of financial products, including shares, unit trusts, government bonds, and treasury bills.
Jun 18, 2024 · Here are the potential investments you can consider under the CPF Investment Scheme (CPFIS). Under the CPFIS, you can use the money in your CPF Ordinary Account (OA) and CPF Special Account (SA) to make investments. This means the opportunity for you to earn interest that’s more than what you can receive from CPF.
Apr 2, 2024 · The CPF account balance has two different requirements because there are two CPF investment schemes, one for OA and one for SA. Broadly speaking, using your OA savings to invest under CPFIS-OA will give you more investment product options, including shares, gold, higher-risk ETFs, and unit trusts.
May 1, 2024 · What is a CPF Investment Account (CPFIA)? CPFIA is a channel for investing your CPF savings +. Investing your CPF money allows you to reap greater potential gains, enriching your savings for a comfortable retirement. Investing with your CPFIA. You can start investing if you have at least S$20,000 in your CPF Ordinary Account (OA).
Sep 24, 2019 · In this article, we’ll examine the scheme in closer detail, as well as explain the requirements you will need to meet before you can start investing your CPF monies. Read Also: Here’s What You Need To Know About The Latest Changes To CPF Usage And HDB Housing Loans When Buying Residential Properties.
Jul 13, 2021 · The CPFIS is an investment scheme by CPF. It allows you to use a portion of your CPF Ordinary Account (CPF-OA) and Special Account (CPF-SA) for investment purposes. What is the eligibility criteria for CPFIS? To start investing under CPFIS, you have to meet these criteria: At least 18 years old. Not an undischarged bankrupt.
Mar 16, 2021 · The CPF Investment Scheme (CPFIS) gives individuals the option to invest their OA and SA balances to enhance their retirement nest egg. You will be able to invest your CPF OA and SA balances, after meeting the following conditions: is at least 18 years old; is not an undischarged bankrupt;
Oct 28, 2022 · Before you can invest your CPF savings through the CPF Investment Scheme (CPFIS), you will first need to first open a CPF Investment Account (CPFIA). This is an account that has to be opened with one of the three CPFIS agent banks – DBS, OCBC, UOB.
