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CPF Reforms and Other Changes: More $ For Your Retirement
 

Your CPF savings earn a minimum risk-free interest of 2.5% guaranteed by the Government. In 2008 and 2009, Special, Medisave and Retirement Account savings will earn a guaranteed minimum 4% interest. In addition, the first $60,000 in your combined CPF balances, with up to $20,000 from your Ordinary Account, will earn
an extra 1% interest.

Extra 1% Interest

To earn more interest, consider the following:

If you are currently below age 55:

  1. Leave your CPF savings in your accounts to earn the extra interest.
  2. Transfer savings from your Ordinary Account (OA) to the Special Account (SA).
  3. Make a voluntary cash contribution.

If you are currently above age 55:

  1. Top up your Minimum Sum (MS).
  2. Keep at least $30,000 in your Retirement Account.
     
CPF Reforms and Other Measures to Help Older Singaporeans Improve Retirement Adequacy and Work Longer
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- Video: Money Got Enough? (English Audio)
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- A Simple Guide To CPF And Other Changes: More $ For Your Retirement

 Last Updated on: Thursday, November 19, 2009 at 5:41 PM
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