Category Archives for CPF
Higher Investment Minimum Threshold for Special Account
Starting from 1st May 2009, we will not be able to invest the first 30k in our Special Account (SA). This is an increase of 10k from the current minimum of 20k. The reason given by the CPF board is that the SA has a higher risk free interest rate, thus it is better to […]
Increasing the CPF OA Investment Limit for Stocks
Under the rules of the CPF Investment Scheme (CPFIS), we are allowed to invest only 35% of the investible amount in our Ordinary Account (OA) into stocks. For example, if you have $100k in your OA balance (with no monies already withdrawn for investment or education), you can only buy stocks up to $35k. Click […]
Change in CPF Rule for Home Sellers Above 54
Currently, home owners aged 55 and above who have pledged their property to meet the Minimum Sum requirement have to pay back to CPF the amount they have pledged (with interest) when they sell their property. From 1st Jan 2009, there will be a change in this rule. Instead of returning just the amount indicated […]
Transferring from CPF OA to SA
Last Sunday, I saw an advertisement in the Sunday Times by the CPF board. Inside this CPF advertisement, the CPF board tells us that we can earn more interest by transferring funds from our Ordinary Account (OA) to the Special Account (SA). It was mentioned that the SA earns an interest rate that is 1.5% […]
Property Sale and CPF Minimum Sum
Question for Lion Investor Hi, I like your blog. There is always a write up of the latest events happening in Singapore. As a Singaporean, it is very useful to be updated on all current issues. It provides a one-stop info centre. Just wanted to check with you: about the current min. CPF sum requirement […]