The Singapore Savings Bond (SSB)
It is a special Singapore Government bond, issued by the Singapore Government and sold to the public as a form of savings.
Introduced as another form of investment and savings plan for people living in Singapore
The Singapore Central Provident Fund (CPF)
It is a compulsory savings plan for all Singaporeans and PR living and working in Singapore.
A portion of an individual's monthly income is channelled into their respective CPF accounts for different purpose; for buying a house, for retirement and for medical expenses,
Differences between CPF & SSB
| Differences | CPF | SSB |
|---|---|---|
| Withdrawal | No Each year, you can only contribute to your CPF at max $37,740 - inclusive of both your compulsory contribution and your voluntary contribution. | Yes You will get back the money next month |
| Contribution/ Investment Limit | Yes Each year, you can only contribute to your CPF at max $37,740 - inclusive of ... |
