Adulting is tricky. It can feel even more challenging when you’re single and below 35 years old, and yearning to own your own home in Singapore. We feel you, but here’s a silver lining: you have a longer time horizon to grow your CPF savings. At the same time, contrary to the common misconceptions about how CPF is “untouchable”, there are actually a few different ways you can utilise your CPF savings for your benefit at various stages of life.

1. Invest for Future Growth

Singles below 35 can take advantage of the CPF Investment Scheme (CPFIS) to grow their CPF savings beyond the ordinary interest rates. Rather than receiving a modest 2.5% annual interest on your savings, consider leveraging the CPFIS for potentially higher returns. CPFIS allows you to invest your CPF Ordinary Account (OA) and Special Account (SA) funds in a range of financial instruments such as stocks, bonds, and unit...