CPFB | Investing your CPF savings

Growing your savings

Investing your savings with CPF Investment Schemes

Discover how you can make your CPF savings work harder for you.

Overview
Eligibility
Options
Evaluate
Apply
Withdraw
Resources
FAQs

Overview

CPF savings can be used in these investment schemes.

1. CPF Investment Scheme (CPFIS)

The CPF Investment Scheme (CPFIS) lets you invest your Ordinary Account (OA) and Special Account (SA) savings in a wide range of investments to enhance your retirement savings.

2. Special Discounted Shares (SDS) Scheme*

The Special Discounted Shares (SDS) Scheme is part of the Government’s asset enhancement programme to make Singapore a share-owning society, giving Singaporeans a greater stake in the country.

*Only applicable to Discounted Singapore Telecom (Singtel) shares offered in 1993 and 1996

Learn more about SDS

Eligibility

Who can invest under CPFIS

Anyone above age 18 can invest as long as they meet the criteria.

Criteria for investing under CPFIS

You can invest under CPFIS if you:

are at least 18 years old;
are not an undischarged bankrupt;
have more than $20,000 in your OA; and/or
have more than $40,000 in your SA; and
have completed the CPFIS Self-Awareness Questionnaire (SAQ) (applicable to new investors with effect from 1 October 2018)

Take SAQ

How much CPF savings you can invest

CPF Investment Scheme-Ordinary Account (CPFIS-OA)

You can invest your OA savings after setting aside $20,000 in your OA

In addition, you can only invest up to 35% and 10% of your investible savings in stocks and gold, also known as the stock and gold limits. Investible savings refers to the sum of your OA balance and the amount of CPF you have withdrawn for investment and education.

CPF Investment Scheme-Special Account (CPFIS-SA)

You can invest your SA savings after setting aside $40,000 in your SA.

Available OA and SA savings that can be used for investment

You can find out how much of your OA and SA savings you can invest via the following ways:

Log in to my cpf digital services with your Singpass > Select my cpf > My dashboards > Investment
Log in to CPF Mobile app with your Singpass > Select My Investment; or
Visit any CPF Service Centre with your identity card.

Options

Your investment options

You can invest your CPF savings in a wide range of investment products. However, CPF Board does not endorse any product providers or investment products that are included under the CPFIS.

Learn more

Evaluate

Factors to consider before investing

All investments are subject to risk. Risk refers to the possibility of losing part or even all of your investments due to financial market changes.

Understanding the risks of various investment options can help you better decide which investments best match your investment goals, risk tolerance and personal circumstances.

Investment goal

Understand why you are investing and set an investment objective (e.g. a long-term goal of growing your savings to $X at the end of 25 years for retirement).

Risk tolerance

Ask yourself:

What’s the amount of risk you’re comfortable with and can afford to take?
Can you handle temporary short-term losses in your investments?
Do you have enough savings to absorb the investment risks?

Take the Risk Tolerance Questionnaire to assess your risk tolerance.

Take the questionnaire (PDF, 0.2MB)

Investment time horizon

Consider the duration of your investments. As CPF savings are meant for your retirement, they're generally for long-term purposes unless you’re nearing retirement or have a short-term investment time horizon for other reasons.

Overall financial situation

Consider your financial commitments and the amount of money you'll need to sustain your lifestyle during retirement. If you have other assets set aside for retirement besides your CPF savings, how are these assets invested?

Opportunity costs

Consider the interest rates that you're earning from your CPF accounts and the cost of investments (i.e. fees and charges for investing in the product).

Only invest your CPF savings if you’re confident of earning more than the CPF interest.

See interest rates

Apply

Start investing

Here’s how you can start investing under CPFIS.

CPFIS-OA

To invest your OA savings, you will need to open a CPF Investment Account with one of the following CPFIS agent banks with your CPF statement:

DBS Bank Ltd (DBS)
Overseas-Chinese Banking Corporation Ltd (OCBC)
United Overseas Bank Ltd (UOB)

Thereafter, you can then approach the product providers (PDF, 0.1MB) directly to buy or sell your investments.

CPFIS-SA

You don’t need to open a CPF Investment Account to invest your SA savings. Simply approach the product providers (PDF, 0.1MB) directly to buy or sell your investments.

Reminder

Take the CPFIS Self-Awareness Questionnaire (SAQ) to assess if CPFIS is suitable for you.

Withdraw

Withdraw your CPFIS investments upon reaching 55

Learn more about withdrawing your investments

Who can withdraw

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.

Once your withdrawal application is approved, your CPFIS investments will be transferred to you. The withdrawal will not result in liquidation of your investment holdings.

How to withdraw

You will be able to view the link to submit your application through the Investment dashboard if you meet the eligibility conditions.

When will your application be processed

Your online application will generally be processed within one working day from the day we receive your application.

What are your follow-up actions

Your agent bank and/or product providers will contact you about transferring your investments to you.

Resources

Need more information?

FAQs

Common questions

Who is eligible to participate in the CPF Investment Scheme (CPFIS)?

How much CPF savings can I invest?

How do I apply to use my CPF savings under the CPF Investment Scheme (CPFIS)?

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