How do you invest your CPF money?

Ice-Man88 · Post by **Ice-Man88** » Wed Jul 27, 2011 10:47 am

Personally, I only pay myself a basic salary of S$2,100, so I have very little CPF contribution, just enough to pay for my Housing Loan instalments.

Hi Dennis, I understand from your statement that basic salary of S$2,100
has very little CPF contribution. I would like to find out how much contribution
for CPF will be if pay S$2,100? Is there a formula for CPF contribution?
Hope to learn more from you

Post by **Dennis Ng** » Wed Jul 27, 2011 11:01 am

Ice-Man88 wrote:Personally, I only pay myself a basic salary of S$2,100, so I have very little CPF contribution, just enough to pay for my Housing Loan instalments.

Hi Dennis, I understand from your statement that basic salary of S$2,100
has very little CPF contribution. I would like to find out how much contribution
for CPF will be if pay S$2,100? Is there a formula for CPF contribution?
Hope to learn more from you

Hi Ice-Man88,
employee 20%, employer 16%. Total 36%.

lop · Post by **lop** » Wed Jul 27, 2011 2:04 pm

Hi Ice-Man88,

At present: employee 20%, employer 15.5%. Total 35.5%.
After 1/9/11: employee 20%, employer 16%. Total 36%.

For those above 50 years old, the CPF contribution rates are lower than above.

Post by **Dennis Ng** » Wed Jul 27, 2011 4:25 pm

lop wrote:Hi Ice-Man88,

At present: employee 20%, employer 15.5%. Total 35.5%.
After 1/9/11: employee 20%, employer 16%. Total 36%.

For those above 50 years old, the CPF contribution rates are lower than above.

thanks lop for the details. Yes, 36% is from 1 Sep 2011 onwards.

jimmyl · Post by **jimmyl** » Thu Jul 28, 2011 9:44 am

You can only invest your Ordinary account (OA) money above 60k.

Here's the OA contribution rates, dependingon your age
http://mycpf.cpf.gov.sg/Employers/Gen-I ... ntriRa.htm

randwick · Post by **randwick** » Thu Jul 28, 2011 9:58 am

hi jimmyl,

You can invest fund fm OA if it is above $20k; see the answer to FAQ from CPF website appended below:

"How much CPF savings can I use to purchase shares, property funds, bonds, Exchange Traded Funds (ETFs) or Gold?

A:

To find out how much CPF savings you can invest and what instruments you can invest in, please click here.

The first $60,000 of your combined CPF accounts earns an extra 1% interest. To enable members to earn extra interest, only monies in excess of $20,000 in your Ordinary Account and $40,000 in your Special Account can be invested.

If you have already made investments using your Ordinary Account or Special Account balances, you are not required to sell these investments.

Please click here for more details on the instruments included under CPFIS.

jimmyl · Post by **jimmyl** » Thu Jul 28, 2011 10:21 am

randwick wrote:hi jimmyl,

You can invest fund fm OA if it is above $20k; see the answer to FAQ from CPF website appended below:

"How much CPF savings can I use to purchase shares, property funds, bonds, Exchange Traded Funds (ETFs) or Gold?

A:

To find out how much CPF savings you can invest and what instruments you can invest in, please click here.

The first $60,000 of your combined CPF accounts earns an extra 1% interest. To enable members to earn extra interest, only monies in excess of $20,000 in your Ordinary Account and $40,000 in your Special Account can be invested.

If you have already made investments using your Ordinary Account or Special Account balances, you are not required to sell these investments.

Please click here for more details on the instruments included under CPFIS.

Yes I know. My mistake.