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CPF - The Safe Way To Grow Your Money
 

Your CPF savings earn a minimum risk-free interest of 2.5% guaranteed by the government. In 2010, savings in the Special, Medisave and Retirement Accounts will continue to earn a guaranteed minimum rate of 4%. 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

Here are three easy tips to grow your CPF savings:

TIP 1

Leave your CPF savings in your accounts to earn the extra 1% interest

The first $60,000 of your combined CPF balances, with up to $20,000 from your Ordinary Account (OA), will earn an extra 1% interest. So, leave your money in your CPF accounts to enjoy this extra interest!

1%

InTouch With CPF: Earn Up To 5% Interest!
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TIP 2

Transfer savings from your Ordinary Account (OA) to your Special Account (SA)

Transfer the savings from your OA to your SA for higher interest. However do note that this transfer is not reversible. You can transfer an amount up to the prevailing Minimum Sum (MS) of $123,000 in your SA.

Transfer OA to SA

InTouch With CPF: Transfer From Your OA to SA
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Estimate the additional interest that you might earn if you perform the transfer.

Yes! I want to do the transfer:
Online Application
(Note: SingPass is required for log-in)

 

TIP 3

Top-Up the Special / Retirement Account for yourself and your loved ones

You can top up your Special (if you are below 55 years old) / Retirement Account (if you are aged 55 and above) to the prevailing Minimum Sum of $123,000 yourself using cash. Or ask your spouse, children, grandchildren and siblings to top up for you using cash or their CPF savings. (You can also top up for them.)

CPF members can enjoy these tax reliefs* for cash top-ups:

· Up to $7,000 tax relief for top-up for yourself or from your employer;

· Up to another $7,000 tax relief for top-up for your siblings, spouse, parents and grandparents.

Tax Relief

*Terms and conditions apply.

InTouch With CPF: Top-Up For MORE

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Yes! I want to top-up:
Online Application
(Note: SingPass is required for log-in)
Hardcopy Form (Minimum Sum Top-Up To Special/Retirement Account)
(Note: Please print and mail the completed form back to us)

 Last Updated on: Monday, December 31, 2012 at 12:02 PM
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