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What are the new restrictions on the CPF Investment Schemes (CPFIS)from 1 Jul 2010?

April 26, 2017CPF cpfis Investment Jul Schemes

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What are the new restrictions on the CPF Investment Schemes (CPFIS)from 1 Jul 2010?

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From 01 Jul 2010, you will not be allowed to invest the first $20,000 in your CPF Ordinary Account and the first $40,000 in your Special Account. You will have to set aside $20,000 in your Ordinary Account and $40,000 in your Special Account respectively before the excess savings can be used for investments. If you do not fulfill these requirements, CPF Board will reject any withdrawal requests for your CPF investments.