CPF comes from two main contributions, and there are different accounts. Find out how much you and your employer are contributing, and how you can invest your CPF funds.
The monies in your CPF Ordinary Account (OA) earn a steady interest rate that is all but guaranteed. OA funds earn a base rate of 2.5 per cent per annum - a rate that has remained unchanged ever since its inception. Also, you will get an additional one per cent on the first $60,000 of your combined OA and SA.
Here s How to Invest Your CPF-OA, (and What You Can Invest it In) theindependent.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theindependent.sg Daily Mail and Mail on Sunday newspapers.
Higher CPF monthly salary ceilings, higher CPF contribution rates for senior workers, and higher retirement payouts. If you watched or read about Budget 2023, you might be wondering if all these increases spell good or bad news for you. Understanding how these increases affect you starts with figuring out how CPF works in the first place. We're not going to.