Martin Lee @ Sg
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CPFIS-SA Investment Threshold Changes In 2010

Starting from 1st July 2010, the first $40,000 of members’ Special Account balances will no longer be allowed to be used for investments.

There is no change to the requirement for members to set aside $20,000 in the Ordinary Account before they can invest their Ordinary Account monies.

If you have already bought investments under CPFIS-SA but do not have $40,000 in your SA, you will not be required to sell them. However, when you liquidate these investments, you would not be able to re-invest them unless you have at least $40,000 in your SA.

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4 comments
sureesh says 14 years ago

what does IA status mean

Reply
sureesh says 14 years ago

But what if you want to do a unit trust fund switch , rather than a redemption.

Reply
    lioninvestor says 14 years ago

    Hi Sureesh,

    Depends on the platform you are using. If it’s held under IA status, then it should be fine.

    Reply
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