Central Provident Fund (CPF) is a compulsory comprehensive savings and pension plan for working Singaporeans and permanent residents primarily to fund their retirement, healthcare, and housing needs in Singapore. It started in 1 July 1955 and just like our Integrated Shield Plans, there have been many changes over the years.
Like with most changes, some will appreciate it, others will not appreciate it as the “rules changed”.
Love it. Hate it. It is an asset class that we will have with us for the rest of our lives.
5 Things You Need To Know About Your CPF
To help you understand CPF, the opportunities and optimization better, I have put together a free webinar to share my knowledge on it. Limited seats only. Join us with the link here.
Fun Fact #1: You cannot use your CPF to pay for your house in the past
Before 1968, CPF cannot be used to pay for a house....