If you are below 55 years old, you can transfer your Ordinary Account savings to your Special Account. However, the amount in your Special Account must not exceed the prevailing CPF Minimum Sum after the transfer. This will allow you to build up your retirement savings, and enjoy the higher interest rate of the Special Account at the same time.
Your CPF nomination allows you to specify who to receive your CPF savings, and how much each nominee should receive, when you are no longer around.
You do not need to make a CPF nomination if you wish to distribute your CPF savings under the intestacy laws. Distribution under the intestacy laws ensures that your family members will receive your CPF savings. For example:
1) If you are single, your CPF savings will be divided equally between your parents.
2) If you are married with children, half of your CPF savings will be given to your spouse, and the remaining half divided equally among your children.
For Muslims, your CPF savings will be distributed by the Public Trustee according to the Inheritance Certificate, which your family members can obtain from the Syariah Court (Muslim inheritance law).
If you wish to distribute your CPF savings differently from the intestacy laws/Muslim inheritance law, you will need to make a CPF nomination.
If you do wish to nominate, please note that:
1) A marriage will automatically revoke an earlier nomination, if any.
2) A divorce does not revoke an earlier nomination, if any.
3) A will does not supersede an earlier nomination, if any.
4) If your nominee is below the age of 18 years old at the time your CPF savings are paid out, his/her share will be forwarded to the Public Trustee for administration until he/she reaches 18 years of age.
5) If any of your nominees is an undischarged bankrupt at the time your CPF savings are paid out, the Board will be legally obliged to inform the Official Assignee (OA) of any assets that are due to him as his estate is vested in the OA by virtue of the laws in Singapore relating to bankruptcy.
You can check your CPF Statement any time by logging in to the CPF website with your SingPass. With My Statement, you can get an overview of your CPF account balances as well as view your transaction and contribution histories.
We will also post you your CPF Statement every February. These are for transactions made in the 12-month period from January to December. The Statement will be sent in the beginning of the following year, e.g. the statement for 2005 will be sent out in early 2006. If you do not want to receive the hard copy statement, please opt not to do so using My Requests under my cpf Online Services. You can login to check your online CPF statement instead, and you won't have to worry about losing your statement in the mail.
If you find any of the particulars or figures in your CPF statement to be incorrect, please inform the Board immediately.
Is your employer not paying your CPF, or under-paying you? If the answer is yes, tell us. The CPF Board will help you to recover the CPF that is due to you. You can inform us through our online service, and our officers will follow-up with you.
Find out how your loved one's CPF savings will be paid out when he or she is no longer around.
The Supplementary Retirement Scheme (SRS) is part of the Government's multi-pronged strategy to address the financial needs of a greying population. It is a voluntary scheme that complements the CPF. Participants can contribute a varying amount to SRS (subject to a cap) at their own discretion. The contributions may be used to purchase various investment instruments. The SRS offers attractive tax benefits. Contributions to SRS are eligible for tax relief, investment returns are accumulated tax-free (with the exception of Singapore dividends), and only 50% of the withdrawals from SRS are taxable at retirement.
Use CPF e-services for greater convenience and accessibility to CPF information and services.
The CPF website gives you quick access to information on CPF schemes and services, and the latest CPF news.
my cpf Online Services is a series of personalised online services available at the CPF website to help you manage your CPF savings better. With these online services, you can check your CPF balances, transact with us, check the status of your online applications and receive personalised messages. You only need your CPF account number and Singapore Personal Access (SingPass) to enjoy the convenience of all these online services.
CPF members can now access their CPF account information and transact with the Board at more than 500 AXS Stations located island-wide. All you need is your CPF Account Number and CPF Phone PIN. Click here to find out more.
CPF members can now enjoy the convenience of making selected CPF payment services at the 300 S.A.Ms located island-wide. Click here to find out more.
For the convenience of CPF members on the go, the Board has introduced some mobile services that enable CPF members to transact with the Board using their mobile phones.
CPF Tools allows you to calculate the CPF contributions payable for Singapore Citizens and Singapore Permanent Residents and access these online statements using your SingPass or CPF Phone PIN:
My Account Balance
My Contribution History
My Medisave for Outpatient Chronic Disease, MRI/CT Scans and Diagnostics
Click here to find out more.
You can receive SMS alerts from the Board if you sign up for the services via eCitizen Portal. Click here to find out more.
If you need your CPF Phone PIN to access our services at the AXS stations or through CPF Tools, you can submit your request through our website. To get your CPF Phone PIN immediately, login here with your CPF account number and SingPass.
You can also reset your CPF Phone PIN personally at any CPF Service Centres via our e-Counters.
You can make voluntary contributions to build up your retirement savings. These contributions can also be used for your housing and healthcare needs.
You can make a voluntary contribution either to (i) all your 3 CPF Accounts (non-tax deductible); or (ii) to your Medisave Account only (tax deductible).
Voluntary contributions to all 3 CPF Accounts are subject to the CPF Annual Limit. Any voluntary contributions above the CPF Annual Limit will be refunded without interest.
Voluntary contributions to the Medisave Account are subject to the Medisave Contribution Ceiling (MCC) or the CPF Annual Limit, whichever is lower. Any voluntary contribution to Medisave Account above the MCC will be refunded without interest.