Use cash, not CPF, if you want to invest
Central Provident Fund (CPF) members were long able to use their funds to buy investment products such as annuities that would provide them a monthly payment for life, but that investing landscape all changed in 2009.
That was the year the CPF Board introduced its own life-long annuity scheme – CPF Life – and similar private products that were once sold to members slowly disappeared from the market.
Please subscribe or log in to continue reading the full article.
Get unlimited access to all stories at $0.99/month
- Latest headlines and exclusive stories
- In-depth analyses and award-winning multimedia content
- Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*
*Terms and conditions apply.
Join ST’s Telegram channel here and get the latest breaking news delivered to you.
Source: Read Full Article
