For many Singaporeans, their Central Provident Fund (CPF) may make up a sizable portion of their retirement savings. Besides the 20% of one’s paycheck that each individual has to contribute each month, employers are also required to contribute an additional 17%, which adds up to 37% of your stated monthly salary. Based on these contributions, your CPF account can grow reasonably quickly. As it stands, most Singaporeans either do not touch their CPF money and let it accrue interest, or they take the money out to pay for their Housing Development Board (HDB) home or other properties. Some may use it to pay for their children’s education. These are all reasonable uses of your CPF funds. However, there are many other ways you can make use of your CPF. The CPF Investment Scheme The CPF Investment Scheme offers Singaporeans the chance to invest their CPF money into a variety of investment instruments such as insurance, unit trusts, fixed deposits, bonds, and shares....