Category Archives for CPF
CPF Housing Quiz
Here’s a chance to test your knowledge about housing and housing related CPF matters. CPF is running a CPF housing quiz where you can stand to win some vouchers. The contest closes on 25th June 2012 and the winners will be announced on 27th June 2012. You can submit as many entries as you like […]
CPF Minimum Sum to be Increased
CPF members who turn 55 between 1 July 2012 and 30 June 2013 will need to set aside a Minimum Sum (MS) of $139,000. This works out to be a 6.1% increase from the previous Minimum Sum of $131,000. The MS has been adjusted over the years to account for inflation, longer life expectancies and […]
The Irony of CPF Approved Investments
Under the Central Provident Fund Investment Scheme (CPFIS), we can use the money in our CPF account to invest into certain instruments. One of these includes shares listed on the Singapore Stock Exchange (SGX). In considering the inclusion of shares under CPFIS, the CPF board uses the following criteria: The shares are offered by a […]
Extension of Tax Reliefs for CPF Cash Top-up Scheme
Come January 2013, you will be eligible to clam tax relief for cash top-ups made to the CPF accounts of your parents-in-law and grandparents-in-law. Currently, the scheme allows for a tax relief of up to $7000 for cash top-ups made to either your immediate family members which includes one’s spouse, siblings, parents and grandparents. Top-ups using […]
Less Options for CPF Life
It has been announced that CPF Life will be revamped from the year 2013 onwards. Instead of providing four options for CPF members to choose form, members will now be given only two choices – the existing basic plan, and a new standard plan which is a combination of the two current most popular plans (Balanced […]