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,
Each year, you can only contribute to your CPF at max $37,740 – inclusive of both your compulsory contribution and your voluntary contribution.
You will get back the money next month
Each year, you can only contribute to your CPF at max $37,740 – inclusive of …