CPF SG Calculator

Hi I am interested in hiavng the information about Central Provident Fund (CPF) as well as the details of CPF Saving and the interest rate as well as CPF Calculator?

[shikha]

The Central Provident Fund (CPF) is a far reaching government disability framework that empowers working Singapore Citizens and Permanent Residents to set aside finances for retirement. It likewise addresses social insurance, home possession, family assurance and resource upgrade.

How does the CPF framework function?

The two workers and bosses make month to month CPF commitments. These commitments go into three records:

CPF Calculator Singapore

A necessary investment funds get ready for individuals working in singapore and for non-native living uncertainly in a nation is cpf. It is overseen by Central Provident Fund Board and used to finance their wellbeing, house, retirement and different needs. This is an online number cruncher to discover the commitment rate of the business, worker and credited sum.

CPF Contribution Calculator (for Singapore Citizens/third year and onwards Singapore Permanent Residents)

This adding machine processes the CPF commitments payable for representatives who are Singapore Citizens or Singapore Permanent Residents (SPR) from their third year of getting SPR status.

Uses of CPF Savings

Ordinary Account (OA)
For housing, insurance, investment and education.
Special Account (SA)
For old age and investment in retirement-related financial products.
Medisave Account (MA)
For hospitalisation expenses and approved medical insurance.
Retirement Account (RA)
On your 55th birthday, a fourth account, the Retirement Account (RA), is automatically created

Interest Rates

Ordinary Account (OA)
Currently up to 3.5%.

Special Account (SA)
Medisave Account (MA)
Retirement Account (RA)
Currently up to 5%.