Personal Finance
CPF Interest if I am age 55 & Above
By Investment Stab  •  January 11, 2016
In 2016, if you are age 55 or above, the First $30,000 of your CPF Balance will receive a bonus +1%. This bonus +1% is on top of the extra +1% given on your first $60,000 CPF balance. MORE LINKS Accrued Interest More than Housing Profits? CPF +1% Interest for those age 55 & Above 5 Financial Things to do in your 20s Singapore Finance Minister on Personal Finance Part 2 Reducing CPF Housing Accrued Interest CPF +1% Interest for those age Below 55 If you are age 55 and above, the order of the bonus 1% interest goes like this: 1) Retirement Account (RA) 2) Ordinary Account* (OA)* 3) Special Account (SA) 4) Medisave Account (MA) *Bonus 1% interest earned on your OA goes into your RA. The rest of the interest earned goes to the respective account (Eg; interest from MA amount goes into your ......
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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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