The Central Provident Fund Savings can be used in the following two investment schemes:-

(a) CPF Investment Scheme (CPFIS).
(b) Special Discounted Shares (SDS) Scheme.

The Central Provident Fund Savings can be used in the following two investment schemes:-

(a) CPF Investment Scheme (CPFIS).
(b) Special Discounted Shares (SDS) Scheme.

The Central Provident Fund Investment Scheme (CPFIS) provides an option to invest Ordinary Account (OA) and Special Account (SA) savings in a wide range of investments to enhance retirement nest egg. If you are not confident of investing on your own, you should leave your money in your CPF account which earns risk-free interest.

The following criteria should be catered by a person if he wishes to invest under the Central Provident Fund Investment Scheme (CPFIS):-

(a) The person should be at least 18 years old.
(b) A person should not an undischarged bankrupt.
(c) The person should have more than $20,000 in his Ordinary Account (OA).
(d) The person should have more than $40,000 in his Special Account (SA).

The following criteria should be catered by a person if he wishes to invest under the Central Provident Fund Investment Scheme (CPFIS):-

(a) The person should be at least 18 years old.
(b) A person should not an undischarged bankrupt.
(c) The person should have more than $20,000 in his Ordinary Account (OA).
(d) The person should have more than $40,000 in his Special Account (SA).

The following criteria should be catered by a person if he wishes to invest under the Central Provident Fund Investment Scheme (CPFIS):-

(a) The person should be at least 18 years old.
(b) A person should not an undischarged bankrupt.
(c) The person should have more than $20,000 in his Ordinary Account (OA).
(d) The person should have more than $40,000 in his Special Account (SA).

The Central Provident Fund Investment Scheme (CPFIS) Self-Awareness Questionnaire (SAQ) helps a person to assess if CPFIS is suitable for him. The SAQ starts with learning modules on investment concepts, products and charges under CPFIS. A person will then need to log in with his SingPass to attempt a quiz. If he had completed the SAQ previously, he can login with his SingPass to check his CPFIS SAQ status.

All types of investments are subject to risk. Risk refers to the possibility of losing part/all of your investments due to financial market changes. By understanding the risks associated with the various investment options, you can better decide on investments that best match your risk tolerance and personal circumstances. Here are some factors you should consider:-

(a) Risk Tolerance — Consider the amount of risk you are comfortable with and can afford to take. Are you able to handle temporary short-term losses in your investments? Do you have enough savings to absorb investment risks? You can take the Risk Tolerance.
(b) Investment Time Horizon — Consider the duration of your investments. Do remember that your CPF savings are meant for your retirement. Hence, they are generally for long term purposes unless you are nearing retirement or have a short-term investment time horizon for other reasons.
(c) Overall Financial Situation — Consider your financial commitments and the amount of money required to sustain your lifestyle during retirement. Do you have other assets set aside for retirement besides your CPF savings? How are these assets invested?

All types of investments are subject to risk. Risk refers to the possibility of losing part/all of your investments due to financial market changes. By understanding the risks associated with the various investment options, you can better decide on investments that best match your risk tolerance and personal circumstances. Here are some factors you should consider:-

(a) Risk Tolerance — Consider the amount of risk you are comfortable with and can afford to take. Are you able to handle temporary short-term losses in your investments? Do you have enough savings to absorb the investment risks? You can take the Risk Tolerance.
(b) Investment Time Horizon — Consider the duration of your investments. Do remember that your CPF savings are meant for your retirement. Hence, they are generally for long term purposes unless you are nearing retirement or have a short-term investment time horizon for other reasons.
(c) Overall Financial Situation — Consider your financial commitments and the amount of money required to sustain your lifestyle during retirement. Do you have other assets set aside for retirement besides your CPF savings? How are these assets invested?

The following Central Provident Fund Investment Scheme (CPFIS) agent banks should be used with CPF statement for the investment with Ordinary Account (OA):-

(a) Ordinary Account (OA) savings can be invested in DBS Bank Ltd (DBS).
(b) Ordinary Account (OA) savings can be invested in Overseas-Chinese Banking Corporation Ltd (OCBC).
(c) Ordinary Account (OA) savings can be invested in United Overseas Bank Ltd (UOB).

There is no need to open any CPF Investment Account to invest Special Account (SA) savings. You can approach the product providers directly to buy or sell your investments.

After reaching 55 years of age a person will be eligible to withdraw his CPFIS- Ordinary Account (OA) and CPFIS- Special Account (SA) investments, as well as the cash balance in his Investment Account, after setting aside the Full Retirement Sum (FRS) in his Retirement Account (RA). The FRS can be set aside fully with cash or with cash (i.e. at least the Basic Retirement Sum) and property.

After reaching 55 years of age a person will be eligible to withdraw his CPFIS- Ordinary Account (OA) and CPFIS- Special Account (SA) investments, as well as the cash balance in his Investment Account, after setting aside the Full Retirement Sum (FRS) in his Retirement Account (RA). The FRS can be set aside fully with cash, or with cash (i.e. at least the Basic Retirement Sum) and property.

The Singapore Discounted Shares (SDS) scheme is a part of the Government’s asset enhancement program to make Singapore a share-owning society, thus giving Singaporeans a greater stake in the country. Singaporean CPF members were able to buy Discounted Singapore Telecom (SingTel) shares in1993 (ST “A” shares) and 1996 (ST2 shares). Members who held on to their discounted SingTel shares were entitled to loyalty shares.

A person can sell or apply for withdrawal of his discounted SingTel (ST) shares on the following methods?

(a) A person can choose to withdraw his discounted ST shares upon meeting CPF withdrawal conditions.
(b) A person can choose to sell his discounted ST shares.

If you have a trading account, you can sell your discounted SingTel (ST) shares through your broker and if you do not have a trading account, you can sell your discounted ST shares at any Singapore Post (‘SingPost’) branches. You are required to have your NRIC and the latest copy of your CPF Statement of Account (SOA) to do so.

If you have a trading account, you can sell your discounted SingTel (ST) shares through your broker and if you do not have a trading account, you can sell your discounted ST shares at any Singapore Post (SingPost) branches. You are required to have your NRIC and the latest copy of your CPF Statement of Account (SOA) to do so.

If you have a trading account, you can sell your discounted SingTel (ST) shares through your broker and if you do not have a trading account, you can sell your discounted ST shares at any Singapore Post (‘SingPost’) branches. You are required to have your NRIC and the latest copy of your CPF Statement of Account (SOA) to do so.

The following documents should be provided by the third party for the sale of discounted SingTel (ST) shares, If a person is unable to make a trip to Singapore Post (SingPost) in person and authorize a third party to sell his discounted ST shares on his behalf:-

(a) The third-party is required to provide a letter from a person authorizing the third party to sell the shares on his behalf.
(b) The third-party is required to provide completed application form from SingPost, with his signature or thumbprint.
(c) The third-party is required to provide original NRICs belonging to him and the authorized third party.
(d) The third-party is required to provide his latest copy of SOA.

Form INV-Transfer should be used as an application for withdrawal of investments under the CPF Investment Scheme (With Closure of Investment Account) and/or Discounted SingTel Shares. This form allows a person to withdraw his investments under the CPF Investment Scheme (with the closure of investment account) and/or Discounted SingTel (ST) shares. The e-Service may take 5 minutes to complete.

Form INV/DMA-SDS should be used as an application for the instruction to transfer discounted SingTel (ST) Shares (Division of Matrimonial Assets). This form allows a person to transfer his Discounted SingTel (ST) Shares from the CPF account to his ex-spouse’s CPF account under the Division of Matrimonial Assets. The e-Service may take 5 minutes to complete.

Form INV/DMA-SP should be used as an application for the Instruction to Transfer Sale Proceeds (Division of Matrimonial Assets). This form allows a person to transfer his CPF investment sale proceeds from the CPF account to his ex-spouse’s CPF account under the Division of Matrimonial Assets. The e-Service may take 5 minutes to complete.

The following banks are providing services of fixed deposit under the Central Provident Fund Investment Scheme (CPFIS):-

(a) DBS Bank Ltd providing services under the CPF Investment Scheme (CPFIS).
(b) Malayan Banking Berhad providing services under the CPF Investment Scheme (CPFIS).
(c) Oversea-Chinese Banking Corporation Ltd providing services under the CPF Investment Scheme (CPFIS).
(d) United Overseas Bank Ltd providing services under the CPF Investment Scheme (CPFIS).

The following banks are providing services of “Bond Dealers” under the Central Provident Fund Investment Scheme (CPFIS):-

(a) DBS Bank Ltd providing services under the CPF Investment Scheme (CPFIS).
(b) Oversea-Chinese Banking Corporation Ltd providing services under the CPF Investment Scheme (CPFIS).
(c) United Overseas Bank Ltd providing services under the CPF Investment Scheme (CPFIS).

The following companies are providing services as “Insurance Companies” under the Central Provident Fund Investment Scheme (CPFIS)?

(a) AIA Singapore Private Limited is providing services as Insurance Companies under the CPF Investment Scheme (CPFIS).
(b) Aviva Ltd is providing services as Insurance Companies under the CPF Investment Scheme (CPFIS).
(c) AXA Insurance Pte Ltd is providing services as Insurance Companies under the CPF Investment Scheme (CPFIS).
(d) Great Eastern Life Assurance Co Ltd is providing services as Insurance Companies under the CPF Investment Scheme (CPFIS).
(e) HSBC Insurance (Singapore) Pte Ltd is providing services as Insurance Companies under the CPF Investment Scheme (CPFIS).
(f) Manulife (Singapore) Pte Ltd is providing services as Insurance Companies under the CPF Investment Scheme (CPFIS).
(g) NTUC Income Insurance Co-operative Ltd is providing services as Insurance Companies under the CPF Investment Scheme (CPFIS).
(h) Tokio Marine Life Insurance Singapore Ltd is providing services as Insurance Companies under the CPF Investment Scheme (CPFIS).
(j) Prudential Assurance Co Singapore Pte Ltd is providing services as Insurance Companies under the CPF Investment Scheme (CPFIS).

The following companies are providing services as “Investment Administrators” under the Central Provident Fund Investment Scheme (CPFIS):-

(a) iFAST Financial Pte Ltd is providing services as “Investment Administrators” under the CPF Investment Scheme (CPFIS).
(b) Navigator Investment Services Ltd is providing services as “Investment Administrators” under the CPF Investment Scheme (CPFIS).
(c) Phillip Securities Pte Ltd is providing services as “Investment Administrators” under the CPF Investment Scheme (CPFIS).
(d) UOB Kay Hian Private Limited is providing services as “Investment Administrators” under the CPF Investment Scheme (CPFIS).

The following companies are providing services as “Fund Management Companies (FMCs)” under the Central Provident Fund Investment Scheme (CPFIS):-

(a) Aberdeen Standard Investments (Asia) Limited.
(b) AIA Investment Management Private Limited.
(c) AllianceBernstein (Singapore) Ltd.
(d) Allianz Global Investors Singapore Limited.
(e) Amundi Singapore Limited.
(f) APS Asset Management Pte Ltd.
(g) AXA Investment Managers Asia (Singapore) Ltd.
(h) BlackRock (Singapore) Limited.
(j) Capital International, Inc.
(k) CIMB-Principal Asset Management (S) Pte Ltd.
(m) DWS Investments Singapore Limited.
(n) Eastspring Investments (Singapore) Limited.
(o) FIL Investment Management (Singapore) Limited.
(p) First State Investments (Singapore)3.
(q) Fullerton Fund Management Company Ltd.
(r) Goldman Sachs Asset Management (Singapore) Pte Ltd.
(s) HSBC Global Asset Management (Singapore) Limited3.
(t) Janus Henderson Investors (Singapore) Limited.
(u) JPMorgan Asset Management (Singapore) Limited.
(v) Legg Mason Asset Management Singapore Pte. Limited.
(w) Lion Global Investors Limited.
(x) Manulife Investment Management (Singapore) Pte. Ltd.
(y) Neuberger Berman Singapore Pte. Limited.
(z) Nikko Asset Management Asia Limited.
(aa) NTUC Income Insurance Co-operative Ltd2.
(ab) Ostrum Asset Management Asia Limited.
(ac) PineBridge Investments Singapore Ltd.
(ad) Schroder Investment Management (Singapore) Ltd3.
(ae) State Street Global Advisors Singapore Ltd.
(af) Templeton Asset Management Ltd.
(ag) UBS Asset Management (Singapore) Ltd.
(ah) UOB Asset Management Ltd3.
(aj) Western Asset Management Company Pte Ltd.

Navigator Investment Services Ltd is providing services as “Local Representative of Recognized Funds” under the CPF Investment Scheme (CPFIS).

The Fund Management Companies (FMCs) should have a minimum one-year track record as a CMS license holder under the Securities Futures Act to cater the criteria for the inclusion under the Central Provident Fund Investment Scheme (CPFIS).

The Fund Management Companies (FMCs) and its related group of companies manage at least S$500 million worth of funds in Singapore to cater the criteria for the inclusion under the Central Provident Fund Investment Scheme (CPFIS).