Tag Archives: CPF LIFE

How To Benefit From CPF & Voluntary Contribution

I am a firm believer of the CPF system, and am pleased that we are getting 2.5% interest rates on the Ordinary Account (OA) and 4% interest rates on both the Special Account (SA) and Medisave Account (MA). I believe that it is a very good tool which will aid us in our retirement planning.Continue reading “How To Benefit From CPF & Voluntary Contribution”

CPF Minimum Sum Enhancement In A Nutshell

One of the key change that will happen in 2016 is the tweaking of the current Minimum Sum (MS) and CPF LIFE scheme. The Basic Retirement Sum (I.e. 1/2 of the MS, which in term will be renamed as the Full Retirement Sum, FRS) will continue to increase at 3% till $90,500 by the YearContinue reading “CPF Minimum Sum Enhancement In A Nutshell”