Personal Finance
CPF Bonus +1% Interest for Age below 55
By Investment Stab  •  December 21, 2015
Distribution of the CPF Extra +1% of Interest between your CPF Accounts There is a sequence in how the bonus CPF +1% interest is distributed into your CPF account. The sequence would determine how much money goes into your 3 different CPF accounts. The higher the percentage your OA & SA make up of the $60,000, the higher the chances of you drawing out your CPF at old age. MORE LINKS Accrued Interest More than Housing Profits? What CPF means for those in their 20s? 5 Financial Things to do in your 20s Singapore Finance Minister on Personal Finance Part 2 Reducing CPF Housing Accrued Interest The Christmas Stock Market Rally If you are below age 55, the order of the extra 1% interest goes like this: 1) Ordinary Account (OA)* 2) Special Account (SA) 3) Medisave Account (MA) *Bonus 1% interest earned on your OA goes into ......
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By Investment Stab
We are a group of Singaporean students who are curious and interested in Finance. As we dive deeper into this area in search of more knowledge, the more debates and differences we have. We also realised that financial literacy is not strongly inculcated in the younger generations, leading to numerous costly mistakes. Some of such includes believing in "high profiting" scams such as land banking and buying unnecessary investment schemes which are often motivated by the salesperson's personal interest ...
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