In terms of concept, CPF is really helpful in making sure that elders in Singapore will have their own monthly payout once they reach the payout eligibility age. However, one thing just makes us so itchy. The monies in the CPF are untouchable until the members reach age 55 where they finally can withdraw the savings after setting aside the minimum sum for Retirement Account.
Surely, letting your monies stay in the CPF accounts has its own benefit. As a member of CPF, you are granted interest rates* as follows:
Ordinary Account up to 3.50% p.a.
Special & MediSave Accounts up to 5.00% p.a.
Retirement Account up to 5.00% p.a.
*applicable interest rates until 31 December 2018
Moreover, there will be an additional 1% extra interest on the first $30,000 of combined balances for those aged 55 and above, resulting those with RA earn up to 6% p.a.
Still,
What is CPF Investment Scheme?
Read More:
[ Ссылка ]
Contact Us: [ Ссылка ]
