I'm sure you should have seen this announcement on the news by now - Government to review CPF Investment Scheme: Tharman. This couldn't have come at a better time for me personally after having just discussed with my family last weekend about why I don't think the CPF Investment Scheme (CPFIS) is a good idea. What is the CPFIS? Firstly, CPF employee and employer contributions are only applicable for Singapore Citizens (SCs) and Singapore Permanent Residents (SPRs). If you have more than S$20,000 in your CPF - OA, you can choose to invest the excess under the CPFIS - OA. Likewise, if you have more than S$40,000 in your CPF - RA, you can choose to invest the excess under the CPFIS - RA. There are restrictions on the amount of CPF savings you can invest and the investment products you can invest in. Can you beat the benchmark rates of return? ......