Personal Finance
CPF Bonus +1% Interest for Age 55 & Above
By Investment Stab  •  December 25, 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 4 different CPF accounts. MORE LINKS CPF Bonus 1% Interest for Below Age 55 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 age 55 and above, the order of the extra 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 ......
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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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