CENTRALPROVIDENTFUND（CPF）,SINGAPORE SINGAPORE 1.0BACKGROUND The Central Provident Fund (CPF) was established in 1955 as a compulsory social security savings scheme to provide financial security for workers in their retirement or when they were no longer able to work. Over the years, it has ...
There are two accounts under the current CPF investment scheme, namely ordinary account (OA) and special account (SA). The instruments under CPF-SA are usually regarded to have higher risk than those under CPF-OA. CPF members can only invest in selected unit trusts, ETFs and investment-...
Ordinary Account(% of wage) Special Account(% of wage) MediSave Account(% of wage) Above 35 to 45 37 21 7 9 Above 45 to 50 37 19 8 10 Above 50 to 55 37 15 11.5 10.5 Age 55 to 65 When approaching the latter part of an employee's life, the percentage of wages received in C...
The increase in employee contribution rates will be allocated to the Ordinary Account.1 "Net trade income" refers to gross trade income minus all allowable business expenses, capital allowances andtrade losses as determined by the Inland Revenue Authority of Singapore (IRAS). It excludes income ...
There are two accounts under the current CPF investment scheme, namely ordinary account (OA) and special account (SA). The instruments under CPF-SA are usually regarded to have higher risk than those under CPF-OA. CPF members can only invest in selected unit trusts, ETFs and investment-...