½Û×ÓÊÓƵ

The Central Provident Fund (CPF) is a comprehensive social security system that enables working Singapore citizens and permanent residents to set aside funds for retirement. It also addresses healthcare, home ownership, family protection and asset enhancement. CPF is not applicable to non-Singapore citizens and non-Singapore permanent residents.

Working Singaporeans and their employers make monthly contributions to the CPF and these contributions go into three accounts:

1. Ìý

   (1)ÌýÌýÌýÌý Ordinary Account (OA) – the savings can be used to buy a home, pay for CPF insurance, investment and education.

2. Ìý

   (2)ÌýÌýÌýÌý Special Account (SA) – for old age and investment in retirement-related financial products.

3. Ìý

   (3)ÌýÌýÌýÌý MediSave Account (MA) – the savings can be used for hospitalisation expenses and approved medical insurance.

Savings in the OA earn the three-month average of major local banks' interest rates, subject to the legislated minimum interest of 2.5% per annum. This is reviewed quarterly.

Savings in the SA and MAs earn the 12-month average yield of ten-year Singapore government Securities (10YSGS) plus 1%,