Tuesday, October 03, 2006

CPF

Are you aware of the CPF contribution percentage ? Thought it was 20% from both employee and employer until like 15 minutes ago. Here's the chart


Making it a habit to check the monthly CPF contribution, though you can't gain access to them for the time being, they are still your asset. Need monitoring and maximize their ROI.
Ordinary account - 2.5% P.A
Medisave, Special & Retirement accounts - 4% P.A

A whole lots of information man, life events which give you an overview of the important life stages.
  • starting work
  • getting married
  • having children
  • buying a house
  • providing for your healthcare needs
  • living overseas
  • starting a business
  • hiring employees
  • reaching 55
  • managing your retirement
  • losing a loved one
For those who wish to check their CPF contribution/investment, you need to use Singpass (Request for Singpass delivery) to login at Central Provident Fund

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