What is CPF?

The Central Provident Fund commonly abbreviated by Singaporeans and referred to as CPF, is a compulsory comprehensive social security saving plan. It aims to provide working Singaporeans with a sense of security and confidence in their old age.Under the purview of the...

What is CPF for?

Your CPF is for your retirement. You can withdraw your CPF savings when you turn 55, after setting aside your CPF Minimum Sum. Your CPF Minimum Sum can be used to buy life annuity from a participating insurance company, placed with a participating bank or left in your...

Can I use CPF for Education Scheme?

Yes.  The Education Scheme is a loan scheme that allows you to use your CPF savings for full-time tertiary education in Singapore for those who are Singapore citizens or Permanent Residents.

Can I nominate a beneficiary of my CPF savings upon my death?

Your CPF nomination allows you to specify who to receive your CPF savings, and how much each nominee should receive, when you are no longer around. You do not need to make a CPF nomination if you wish to distribute your CPF savings under the intestacy laws....

Can I use my CPF for Health Care?

Your monthly contributions to your Medisave Account help you build up savings for your healthcare needs. Medisave can be used to pay for your own or your dependant(s)’ hospitalization expenses as well. In addition, it can also be used for certain outpatient...
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