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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.

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
-	More Details
-	Video: Money Got Enough? (English Audio) Other languages: Chinese \| Malay \| Tamil (Flash Player Version 9 is required)
-	A Simple Guide To CPF And Other Changes: More $ For Your Retirement


Other CPF Changes:
	Changes in CPF Minimum Sum, Medisave Minimum Sum and Medisave Contribution Ceiling from 1 July 2008
	Increase in CPF Minimum Sum, Medisave Minimum Sum and Medisave Contribution Ceiling from 1 July 2007
	CPF Changes from 1 January 2007
	CPF changes from 1 July 06 to improve members' retirement adequacy
	Other CPF Changes

Last Updated on: Monday, June 23, 2008 at 5:42 PM