CPF Investment Scheme (CPFIS): Who Qualifies and What You Get
Learn how to use your CPF Ordinary Account savings to invest in stocks and ETFs through the CPF Investment Scheme.
The CPF Investment Scheme (CPFIS) allows you to use a portion of your Ordinary Account savings to invest in various financial instruments like stocks or exchange-traded funds (ETFs).
Who it's for
This scheme is available to CPF members who have a sufficient balance in their Ordinary Account to cover the intended investment.
What you get
You gain the ability to invest your CPF Ordinary Account savings into specific assets, such as stocks and ETFs, to potentially grow your retirement funds.
What it costs you
While there is no direct cost to use the scheme, you are responsible for all investment risks and any transaction fees charged by your chosen broker or financial institution.
The catch to know
You cannot invest your entire balance; only amounts that are above $20,000 in your Ordinary Account can be used for these investments.
How to apply
- Check your current Ordinary Account balance to ensure you meet the minimum requirement.
- Select an investment product and a financial institution that is approved under the scheme.
- Complete the application through your chosen provider.
- Visit the official portal for more details and specific rules.