A scheme that lets you invest part of your CPF savings (above the minimum balances you must keep) in approved products such as unit trusts, ETFs, shares, and insurance plans, instead of leaving them to earn the default CPF interest. The aim is potentially higher returns, but you take on market risk and any losses come out of your retirement savings.
Example: An investor might use CPFIS to buy a low-cost global equity ETF, hoping to beat the CPF default interest over the long run.
The CPF Investment Scheme lets you invest your Ordinary Account savings in products such as unit trusts, investment-linked insurance, Singapore Government bonds, T-bills, fixed deposits, selected shares and gold. The aim is potentially higher returns than the OA's risk-free 2.5% — though your capital is no longer guaranteed.
You may invest your OA savings only after leaving the first S$20,000 untouched in the account. Of your investible savings you can put up to 35% into shares and up to 10% into gold; the remainder can go into lower-risk products like bonds and unit trusts.
No new SA investments. Following the closure of the Special Account for members aged 55 and above in January 2025, you cannot make fresh CPFIS-SA investments, though existing CPFIS-SA holdings can be held until you sell or they mature, with proceeds going to your Retirement Account up to the Full Retirement Sum, then to your OA.
Yes. First-time CPFIS investors must complete CPF's Self-Awareness Questionnaire, which checks you understand the risks and costs, and then open a CPF Investment Account with DBS/POSB, OCBC or UOB before you can buy investments with OA savings.