| CPF – Central Provident Fund |
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To invest your monies in the CPF Ordinary Account or SRS Account, you are required to open a CPF investment account or SRS investment account with any of the three local agent banks (DBS/POSB, UOB or OCBC). With the investment account opened, you may proceed to purchase any of the CPF approved funds. Click for the list of CPFOA-IA / CPFSA-IA / SRS-IA approved funds.
The Central Provident Fund (CPF) is a comprehensive social security savings plan that has provided many working Singaporeans with a sense of security and confidence in their old age. The overall scope and benefits of the CPF encompass the following:
 Retirement
Asset Enhancement
Home Ownership
Healthcare
Family Protection
To enhance your retirement savings, you can invest your Ordinary and Special Accounts savings under the CPF Investment Scheme. The CPF Investment Scheme allows you to invest in Unit Trusts, Exchange Traded Funds (ETFs), shares, insurance and more. For your information, you are able to use up to 100% of your CPF monies (Ordinary / Special Account) for unit trust investment after setting aside the Minimum Sum under the CPF Minimum Sum Scheme. For details, please refer to the bottom of this page.
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| Why invest your CPF money through us? |
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We are a CPF Investment Administrator (CPFIA)
Phillip Securities Pte Ltd as a CPF Investment Administrator is able to draw CPF monies directly from agent banks. It translates to savings in agent bank transaction charges for your unit trust transactions.
| NON CPFIA |
CPFIA (Phillip Securities Pte Ltd) |
| Between $2.00 and $2.50 per 1000 units, subject to a maximum between of $20 and $25 per transaction |
Between $$2.00 and $2.50 per transaction |
| Buy $10,000 each into 3 funds at $1 |
| Maximum agent bank charges: $75 = $25 x 3 funds |
Maximum agent bank charges = $2.50
Your Savings = S$72.50 |
| Sell 5,000 units each into 5 funds |
Maximum agent bank charges: $62.5 = $12.5 x 5 funds
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Maximum agent bank charges = $2.50
Your Savings = S$60 |
| Switch 10,000 units into 1 fund at $1 |
| - Switch designated by fund house |
Agent bank charges: $0 |
| Maximum agent bank charges: $0 = $0 x 1 fund |
Your Savings = Same |
| - Switch designated by us (sell follows by buy) |
Agent bank charges: $0 |
| Maximum agent bank charges: $50 = $25 x 2 transactions |
Your Savings = S$50 |
| Source: CPF Board |
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You also save on CPF service charges
Because all your unit trust holdings purchased through Phillip Securities are bundled under Phillip Securities nominee, the CPF Board considers it as one transaction.
| NON CPFIA |
CPFIA |
| $2.00 per unit trust fund per quarter, subject to a minimum of between $2 and $5 |
$2.00 per policy per quarter, subject to a minimum of between $2 and $5 |
| Hold 10 funds |
| $80 per annual = $2 x 10 funds x 4 |
$8 per annual = $2 x 4 |
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Your Savings = S$72 |
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Diagram to illustrate the flow of the collection of CPF monies for an CPF Investment Administrator.
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Other benefits:
Ease of administration - Assuming you invest with 10 different Fund Houses using your CPF/SRS monies, you will only receive 1 statement of holdings from us. Compare that to investing with a non-IA distributor, you will receive 10 statements of holdings! In the long run, it eases the monitoring on your part. Consolidating your holdings will no longer be a chore.
On top of that, processing time for subscription and redemption are also relatively shorter as we are able to liaise with your Agent Bank/ the CPF Board directly.
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Important Note:
CPF Minimum Sum Scheme
CPF OA monies:
Effective 1 May 2009, members are to set aside $20,000 in their Ordinary Account before they can invest the monies.
CPF SA monies:
Effective 1 May 2009, members are to set aside $30,000 in their Special Account before they can invest the remaining amount.
Effective 1 July 2010, members are required to set aside $40,000 in their Special Account before they can invest the remaining amount.
The above restriction is in place because of the extra 1% interest that you will earn on the first $60,000 of your combined CPF accounts from 1 January 2008.
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How can you invest your CPF funds?
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Check out our list of approved CPFOA-IA / CPFSA-IA / SRS-IA funds. We have an array of funds to suit a diverse group of needs.
Think Big, Start Small
You can start small by utilizing our regular savings plan to meet your retirement needs on your CPF funds. A small amount every month goes a long way. So, do not procrastinate further and start today!
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| Find the help you need: |
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