Home

Conversations

  • Announcements
  • Improve How I Manage My Money
  • Grow & Protect My Nest Egg
  • My Home and I
  • Ready for Retirement
  • Kids & Family Matters
  • Everything Fun
  • Polls

Learning Units

  • Bank
  • Cards
  • Insure
  • Borrow
  • Invest
  • Learn
  • Marketplace
  • ATM & Branch
  • You are in Personal Banking
    • DBS
    • POSB
    • DBS Treasures
    • DBS Treasures Private Client
    • DBS Private Bank
    • DBS Vickers Online
    • SME Banking
    • Corporate Banking
    • About DBS
    • Covid-19 and beyond
  • Back to DBS
DBS logo
DBS logo
Login
  • Home
  • Conversations
  • Learning Units
    1. digibank
    2. GIRO
    3. Travel Insurance
    4. Loan
    5. Swift Code
  • Login to
    Community
Announcements Improve How I Manage My Money Grow & Protect My Nest Egg My Home and I Ready for Retirement Kids & Family Matters Everything Fun Polls
  1. Home
  2. Money Management Mastery
  3. CPF 101: What is CPF?
  • HeyAnna
    HeyAnna administrators CPF 101: What is CPF?

    Money Management Mastery
    0

      The Central Provident Fund (CPF) plays an important role for Singaporeans and PRs to ensure that you've set aside enough for retirement as well as partial funds for your health care and housing needs.

      For persons below 55, a chunk of your paycheck goes to CPF contributions split 3-ways (not equally though!) between three accounts which accrue between 3.5% to 5% interest rates. Your employer will also chip in to match 17% of your paycheck too!

      💡 Topping up your own and your loved ones' CPF accounts can help to maximise your nest egg and make your money work harder. Think safe alternative to investing, tax reliefs and also attractive compound interest rates.

      Image source: CPF

      167493136_1408529649489258_5873240372208093150_n.jpg

      This topic has been deleted. Only users with topic management privileges can see it.
      cpf
      Comment
      • Reply as topic
      Log in to reply
    • First post
      Last post

    More related Learning Units

    Money Lessons 0 1
    Introducing CPF to your child?
    General 0 0
    Have 5 minutes? Catch up on these 8 CPF Hacks to Grow Your Nest Egg!
    Money Management Mastery 0 0
    CPF 101: Contributions Rates, What Happens After 55, CPF LIFE
    Invest 0 0
    ST reports 41% of CPF investors actually made losses
    Money Management Mastery 0 0
    CPF 101: Matched Retirement Savings Scheme (MRSS)
    Money Management Mastery 0 1
    CPF 101: From your child's CDA to their future CPF account

    DBS & POSB Communities

    • Communities Guidelines|
    • Self-Service Banking
    • Terms & Conditions|
    • Privacy Policy|
    • Fair Dealing Commitment
    • ©2021 DBS Bank Ltd|
    • Co. Reg. No. 196800306E