Guide: Investing with CPF

investormonkey-cpflogoCentral Provident Fund (CPF) is a compulsory savings plan imposed by the Singapore Government in July 1955 on working Singaporeans and permanent residences in assisting them primarily for their retirement, healthcare and housing needs. Every CPF member who are below the age of 55 will make monthly contributions to three accounts, namely Ordinary Account (OA), Special Account (SA) and Medisave Account (MA). Continue reading “Guide: Investing with CPF”

Guide: CPF Investment Account

Investor Monkey - CPF LogoUnder the CPF Investment Scheme (CPFIS), CPF members are allowed to use their CPF savings in their Ordinary Account (OA) or Special Account (SA) to make investments in various investment products. To make an investment using the savings from CPF-OA, the CPF member will have to open a CPF Investment Account with one of the three CPFIS agent banks. Continue reading “Guide: CPF Investment Account”