CPFB | Growing my savings for the future

Grace seize each day with good financial habits to build your best life

Save early to grow more with compound interest

Your Special and Retirement Account savings earn up to 5% and 6% interest per annum respectively. A monthly top-up of $50 to your Special Account can grow to more than $7,000* in 10 years, and more than $12,000* in 15 years!

*Computed using base interest of 4% p.a.

Enjoy tax relief of up to $16,000

Get dollar-for-dollar tax relief of up to $8,000 for cash top-ups made to yourself, and up to another $8,000 if you top up for your loved ones.

Terms and conditions apply.

Keep reviewing your finances regularly

Consider potential changes to your lifestyle over time and take into account occasions when you can afford to save more, e.g. receiving additional bonus or income.

5 easy ways to grow your savings

Jolene and Mohan discuss simple strategies they use to save regularly and safely for their goals

Need some inspiration to get started on your plan? Watch Institute for Financial Literacy Trainer Jolene and CPF member Mohan discuss simple strategies to keep up with saving regularly and safely for your goals.

Watch now

Here's how others are making the most of their savings with easy habits

"When it comes to budgeting, I like to use a spreadsheet to categorise and track my expenses. Knowing I am saving even more through the interest and tax relief earned from topping up my CPF encourages me to focus on my future goals."

- Li Xin, 40, Engineer

"I formed a habit of comparing prices and making my online purchases cheaper with vouchers and cashback. Tracking my expenses helps me understand my spending habits and make adjustments, ensuring that I spend within my means and save more for the future."

- Qhek Hwee Boon, 54, Retiree

Start planning today

CPF Planner

Have a goal in mind? Use the CPF Planner to project your CPF savings to see how close you are, and how much more you may need to support your desired retirement income.

Let's start

Make a cash top-up

The earlier you top up, the more your savings can grow into higher payouts to support your goals.

Top up now

Speak to an Institute for Financial Literacy Trainer

Speak to a trainer from the Institute for Financial Literacy (IFL), MoneySense's ground outreach arm, to help you on your financial planning journey.

Find out more

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Growing my savings for the future

5 easy ways to grow your savings

Here's how others are making the most of their savings with easy habits

Start planning today

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My dashboards

My statements

CPF contributions

More ways to save

Investments and interest

Government support

Monthly payouts

Retirement withdrawals

Government support

Your account information

Providing for your loved ones

Account closure

Undergoing a divorce

Your session is about to time out.

5 easy ways to grow your savings

Here's how others are making the most of their savings with easy habits

Start planning today