CPF related

medishield vs medisave

CPF Medisave vs Medishield – What is the difference?

We believe what most people know about CPF is that it consists of Ordinary Account, Special Account and Medisave account. Out of these 3, Medisave seems to be the only one that you cannot withdraw, use or seemingly locked into obscurity. However, one major feature of CPF is its health coverage. While Medisave is more …

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cpfis worthwhile to invest in funds

Is it worthwhile to invest my CPF Money in the Investment Funds given?

CPF Investment Scheme (CPFIS) was launched by CPF for CPF members to utilise their CPF money for investments and to enhance their retirement egg nest. For more information on the CPFIS scheme, you can visit the CPFIS scheme website here. The more important question however, is “should I invest my money into the funds?” Statistically, the answer …

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cpf housing grant fro resale flat

CPF Housing Grant for Resale HDB to be increase for First Time Buyer

In the Budget 2017, Finance Minister Heng Hwee Kiat made the announcement to increase the CPF Housing Grants available for first-timer families buying a resale HDB. The grant amount will increase from the $30,000 currently to $50,000 (4-room or smaller resale flat) or $40,000 (5-room or larger resale flat). This new enhancement has taken effect …

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cpf money similar to bond investment

Treating your CPF Special Account and Retirement Account as a Bond Investment

Most Singaporeans consider their money in CPF as untouchable for any purpose other than for paying their housing loan, student loan or medical bills (More on CPF Schemes here). There is one more way to view your CPF money, particularly the money in your Special Account (SA) and Retirement Account (RA). You can view them …

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singapore hdb for sale

Essential things to know when Buying a BTO flat in Singapore

Booking a BTO flat with your fiance/fiancee 1. Book a BTO with your fiance/fiancee. You will need to pay the option fee, a portion of the purchase price (10% for HDB loan & 20% for a bank loan), stamp duty and legal fees, all of which can be paid via your CPF or cash. The rest of …

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