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Category Archives for CPF

CPF Nomination for Medisave

Question: A friend just emailed me that a separate nomination is required for the Medisave account in CPF. This is in addition to the nomination in our Ordinary Account. Would you be able to confirm this? I could not find any info in CPF. Answer: This shows the items that are covered and not covered by CPF […]

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Increase in CPF Minimum Sum, Medisave Minimum Sum and Medisave Contribution Ceiling from 1 July 2013

CPF members who turn 55 between 1 July 2013 and 30 June 2014 will need to set aside a higher Minimum Sum (MS) of $148,000 in their Retirement Account (RA). The MS for 2012 was $139,000. The CPF Minimum Sum actually stood at $80,000 in Jun 2004. The original plan was to increase it to […]

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Is CPF Enough for Retirement?

A study done by two National University of Singapore (NUS) researchers, Associate Professors Chia Ngee Choon and Albert Tsui, has come to the conclusion that “even after allowing for pre-retirement withdrawals for housing finance, the current CPF system is able to provide entrants to the workforce today with adequate retirement savings, as long as members […]

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CPF Investors to Get Better Shareholder Rights

Under the current framework, if you invest into Singapore listed shares using your CPF money, you do not get the full rights during Annual General Meetings (AGM). This is becauseĀ banks who provide nominee services like DBS Nominees and Citibank Nominees can only appoint a maximum of two proxies to attend shareholder meetings. Thus, you would […]

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Changes to CPF Top-Up Schemes

Have you ever been confused over the various CPF top-up schemes? Currently, a member may top up his Retirement Account (RA) under the Minimum Sum Top Up (MSTU) scheme. He may also top up his RA by making what is known as a Voluntary Contribution (VC). For a top-up to the SA, a member can […]

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