Investment
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Friday, April 28th, 2006Investment-linked products have surged in popularity as individuals are attracted by the potential of better returns. In such products, the element of life insurance is completely spearated from the investment. A portion of each premium is used to buy life cover and to meet the company’s expenses and agent’s commissions while the rest […]
SRS Investment
Tuesday, March 14th, 2006Before you invest, you need to make a contribution to the SRS account. You may only make this contribution after your SRS Operator has calculated your SRS contribution cap based on your income earned in the preceding year.
After making your contribution, you may invest this amount in a wide range of financial assets, including […]
Supplementary Retirement Scheme (SRS)
Monday, March 13th, 2006The Supplementary Retirement Scheme (SRS) was set up in April 2001 as part of the Singapore government’s multi-pronged strategy to address the financial needs of a greying population.The SRS complements the Central Provident Fund (CPF). Unlike the CPF Investment Scheme, participation in the SRS is voluntary. Participants can contribute a varying amount to SRS (subject […]
CPF Investment Account
Sunday, March 12th, 2006How to open CPF Investment Account
CPFIS-Ordinary Account
You can open a CPF Investment account at any of the 3 agent banks listed below:
Development Bank of Singapore (DBS) Ltd
Overseas-Chinese Banking Corporation (OCBC) Ltd
United Overseas Bank (UOB) Ltd
You need to bring along your identity card and your CPFIS statement.
Your agent bank will liaise with the […]
Information about CPFIS
Saturday, March 11th, 2006The Central Provident Fund (CPF) is Singapore’s pension scheme set up in 1955 to provide financial security for workers in their retirement or when they are no longer able to work. Over the years, it has evolved into a comprehensive social-security savings scheme, which not only takes care of a member’s retirement, home ownership and […]
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