| Understand | What is CPF Investment Scheme? | <p>The CPF Investment Scheme (CPFIS) gives you an option to invest your Ordinary Account (OA) and Special Account (SA) savings in a wide range of investments to enhance your retirement nest egg.
</p><p>If you are not confident of investing on your own, you should leave your money in your CPF account which earns risk-free interest.
</p> | CPF Investment Schemes | 1515 | 1515 |
| Understand | Who can invest under CPFIS? | <p>You can invest under CPFIS, if you:</p><ul><li>are at least 18 years old; </li><li>are not an undischarged bankrupt; </li><li>have more than $20,000 in your OA; and/or </li><li>have more than $40,000 in your SA.</li></ul><p>From 1 October 2018, as a new CPFIS investor, you will need to take the
<a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/CPFISSelfAwarenessQuestionnaire/Declaration">Self-Awareness Questionnaire (SAQ)</a> before you can start investing under CPFIS.</p> | CPF Investment Schemes | 1521 | 1521 |
| Understand | What is the CPFIS Self-Awareness Questionnaire (SAQ)? | <p>The
<a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/CPFISSelfAwarenessQuestionnaire/Declaration">CPFIS Self-Awareness Questionnaire (SAQ)</a> helps you to assess if CPFIS is suitable for you. The SAQ starts with learning modules on investment concepts, products and charges under CPFIS. You will then need to log in with your SingPass to attempt a quiz.</p><p>If you had completed the SAQ previously, you can login with your SingPass to check your
<a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/CpfisSelfAwarenessQuestionnaire/StatusMain">CPFIS SAQ status</a>.</p> | CPF Investment Schemes | 2427 | 1768 |
| Understand | How much CPF savings can I invest? | <p>You can invest your CPF savings under the CPF investment Scheme (CPFIS) after setting aside $20,000 and $40,000 in your OA and SA respectively.</p><p>In addition, under the CPFIS-OA, you can only invest up to 35% and 10% of your investible savings* in stock and gold respectively, also known as the stock and gold limits. You may refer to the
<a href="/Assets/members/Documents/INV_AnnexB.pdf" target="_blank">example</a> (PDF, 66KB) on the computation of the stock and gold limits.</p><p>To find out how much of your OA and SA savings you can invest, you can:</p><ol type="a"><li>Log in to
<em>my cpf</em> Online Services with your SingPass > Select My Statement >
<a href="https://www.cpf.gov.sg/eSvc/Web/Services/Statement/Statement">Section C: Investment</a></li><li>Log in to myCPF mobile app with your SingPass > Select My Investment; or</li><li>Visit any
<a href="/Members/Contact/visit-us">CPF Service Centre</a> with your identity card.</li></ol><p>
<em>*Investible savings refers to the sum of your OA balance and the amount of CPF you have withdrawn for investment and education.</em></p> | CPF Investment Schemes | 1524 | 1524 |
| Understand | What investment products can I invest in? | <p>You can use your CPF savings to invest in the following
<a href="/Assets/members/Documents/CPFISInvestmentProducts.pdf" target="_blank">investment products</a> (PDF, 0.4MB).<br></p><p>However, the CPF Board does not specifically endorse any product providers or investment products included under the CPF Investment Scheme (CPFIS). All investments come with risk and you may lose all or a portion of the amount invested. If you are not confident of investing on your own, you may consider leaving your money in your CPF accounts, which earns risk-free interest.</p> | CPF Investment Schemes | 1528 | 1528 |
| Evaluate | What should I consider before investing? | <p>All investments are subject to risk. Risk refers to the possibility of losing part/all of your investments due to financial market changes.</p><p>By understanding the risks associated with the various investment options, you can better decide on investments that best match your risk tolerance and personal circumstances. Here are some factors you should consider:<br></p><table width="100%"><tbody><tr><td valign="top">a.</td><td style="width:95%;">
<strong>Risk Tolerance</strong> — Consider the amount of risk you are comfortable with and can afford to take. Are you able to handle temporary short-term losses in your investments? Do you have enough savings to absorb the investment risks? You can take the
<a href="/Assets/members/Documents/Risk_Tolerance_Questionaire.pdf" target="_blank">Risk Tolerance Questionnaire</a> (PDF, 0.2MB) to better assess your risk tolerance.</td></tr><tr><td valign="top">b.</td><td style="width:95%;">
<strong>Investment Time Horizon</strong> — Consider the duration of your investments. Do remember that your CPF savings are meant for your retirement. Hence, they are generally for long term purposes unless you are nearing retirement or have a short-term investment time horizon for other reasons.</td></tr><tr><td valign="top">c.</td><td style="width:95%;">
<strong>Overall Financial Situation</strong> — Consider your financial commitments and the amount of money required to sustain your lifestyle during retirement. Do you have other assets set aside for retirement besides your CPF savings? How are these assets invested?</td></tr></tbody></table>
<br>In addition, do consider the
<a href="/Members/AboutUs/about-us-info/cpf-interest-rates">interest rates</a> you earn on your CPF accounts. When investing your CPF savings, you should do so only if you are confident of earning more than the CPF interest.
<p> </p><p>You should also take the
<a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/CPFISSelfAwarenessQuestionnaire/Declaration">CPFIS Self-Awareness Questionnaire (SAQ)</a> to assess if CPFIS is suitable for you.</p> | CPF Investment Schemes | 1526 | 1526 |
| Apply | How can I apply to use my CPF savings under CPFIS? | <p>
<strong>CPFIS-OA</strong><br></p><p>Open a CPF Investment Account with one of the following CPFIS agent banks with your CPF statement if you wish to invest your OA savings:</p><p>- DBS Bank Ltd (DBS)<br>- Overseas-Chinese Banking Corporation Ltd (OCBC)<br>- United Overseas Bank Ltd (UOB)</p><p>
<strong>CPFIS-SA</strong><br></p><p>There is no need to open any CPF Investment Account if you wish to invest your SA savings.</p><p>You can approach the
<a href="/Assets/members/Documents/INV_AnnexC.pdf" target="_blank">product providers</a> (PDF, 0.1MB) directly to buy or sell your investments.</p> | CPF Investment Schemes | 1529 | 1529 |
| Apply | After reaching 55 years old, how can I apply to withdraw my CPFIS investments? | <p>You can withdraw your CPFIS-OA and CPFIS-SA investments, as well as the cash balance in your Investment Account, after setting aside the Full Retirement Sum (FRS) in your Retirement Account (RA). The FRS can be set aside fully with cash, or with cash (i.e. at least the Basic Retirement Sum) and property.</p><p>
<strong>Apply online using <em>my cpf</em></strong></p><ol><li style="margin-bottom:5pt;">Log in to
<em>my cpf</em> Online Services with your SingPass.</li><li style="margin-bottom:5pt;">Select My Requests > Investment >
<a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/InvestmentWithdrawal/Declaration" target="_blank">Apply to Withdraw my CPFIS Investments Upon Meeting CPF Withdrawal Conditions</a>.</li></ol><p>Your online application will be processed within one working day from the day we receive your application.</p><p>Your agent bank and/or product providers will contact you on the transfer of your investments to you.</p> | CPF Investment Schemes | 1531 | 1531 |
| Special Discounted Shares (SDS) Scheme | What is Special Discounted Shares (SDS) Scheme? | <p>The Special Discounted Shares (SDS) Scheme is part of the Government’s asset enhancement programme to make Singapore a share-owning society, thus giving Singaporeans a greater stake in the country.</p><p>Singaporean CPF members were able to buy Discounted Singapore Telecom (Singtel) shares in 1993 (ST "A" shares) and 1996 (ST2 shares). Members who held on to their discounted Singtel shares were entitled to loyalty shares.</p> | CPF Investment Schemes | 1711 | 1710 |
| Special Discounted Shares (SDS) Scheme | How to sell or apply for withdrawal of your discounted Singtel shares? | <p>You can choose to:</p><ol type="A" start="1"><li>Sell your discounted Singtel shares; or</li><li>Withdraw your discounted Singtel shares upon meeting CPF withdrawal conditions.</li></ol><p> </p><p>
<strong>A. SELLING YOUR DISCOUNTED SINGTEL SHARES</strong></p><p>There are three ways of selling your discounted Singtel shares:</p><ol><li>
<strong>Online Sale Facility.</strong> You can sell your discounted Singtel shares by logging in to
<a href="https://www.cpf.gov.sg/">cpf.gov.sg</a> with your SingPass and clicking on “sell your Singtel shares” under “Discounted Singtel Shares” section in My Statement.<br><br></li><li>
<strong>Singapore Post Office.</strong> You can sell your discounted Singtel shares at any Singapore Post Offices (‘SingPost’). For SingPost to process your instruction, you would need to sell a minimum quantity of 10 shares. You need to produce the following documents over the counter at SingPost:<br>
<ol type="a"><li>Your identity card; and</li><li>The latest copy of your CPF Statement of Account, which indicates the quantity of discounted Singtel shares held in your CPF account.</li></ol>
<br>
</li><li>
<strong>Singapore Exchange (SGX) broking firm.</strong> You can sell your discounted Singtel shares through your stockbroker if you have a trading account with them.</li></ol><p>The proceeds from the sale of your discounted Singtel shares will be refunded to your CPF Ordinary Account. If you have met your CPF withdrawal condition, you can apply to withdraw the proceeds from your Ordinary Account.</p><p style="margin-top:20px;">
<strong>B. WITHDRAWING YOUR DISCOUNTED SINGTEL SHARES</strong></p><p>You can withdraw your discounted Singtel shares after setting aside the Full Retirement Sum (FRS) in your Retirement Account at age 55. The FRS can be set aside fully with cash, or with cash (i.e. at least the Basic Retirement Sum) and property.</p><p>To receive your discounted Singtel shares, you need to have a securities account with The Central Depository Pte Ltd (‘CDP’). You can apply to
<a href="https://investors.sgx.com/cdp-account-opening/#/form-selection" target="_blank" rel="noreferrer">CDP</a> to open a securities account.</p><p>To submit a request for withdrawing your discounted Singtel shares </p><ol><li style="margin-bottom:5pt;">Log in to
<em>my cpf</em> Online Services using your SingPass.</li><li style="margin-bottom:5pt;">Select My Requests > Investment >
<a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/SingTelShareWithdrawal/DeclarationPage">Apply to Withdraw my Discounted Singtel Shares Upon Meeting CPF Withdrawal Conditions</a>.</li></ol><p>Your application will be processed within 15 working days from the day we receive your application.</p> | CPF Investment Schemes | 1712 | 1711 |