CPF Explained
CPF is Singapore’s mandatory savings system designed to support retirement, housing, and healthcare.
This section helps you understand how CPF works, what each account is for, and how CPF decisions may affect your long-term financial flexibility.
CPF Accounts
CPF consists of three main accounts — Ordinary Account (OA), Special Account (SA), and Medisave Account (MA).
Each account serves a different purpose, such as housing, retirement, and healthcare.
Contribution & Allocation
CPF contributions come from both employees and employers.
The contribution rates and allocation across accounts change with age and income level.
CPF & Housing
CPF OA savings can be used for property purchases under specific rules.
Using CPF for housing may affect future retirement balances.
Retirement & CPF Life
At age 55, CPF savings are set aside to form a Retirement Account.
CPF LIFE provides monthly payouts for life based on your CPF balances.
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