Wednesday, February 18, 2009

Investment Threshold under CPFIS-SA raised

Investment Threshold under CPFIS-SA will be raised to $30,000 from 1 May 2009.

CPF members will no longer be able to invest the first $30,000 in their Special Account under CPFIS. There is no change to the requirement for members to set aside the first $20,000 in their Ordinary Account before they can invest the remaining Ordinary Account balances.

Was the move to help Singaporean save more for the future or they are trying to make up for Temasek's losses? Many version has been speculating around, but which one is the truth?

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