Are you a Singaporean or permanent resident who wants to secure your financial future? Then you must have heard of CPF or Central Provident Fund. CPF is a comprehensive social security system that provides retirement, healthcare, and housing benefits to Singaporeans and permanent residents. In this post, we will answer the six most popular questions about CPF.

What is CPF and how does it work?

CPF is a mandatory savings scheme for Singaporeans and permanent residents. It requires employers and employees to contribute a percentage of the employee's monthly salary to their respective CPF accounts. The funds in the CPF accounts are then used for retirement, healthcare, and housing expenses.

What are the benefits of CPF?

CPF offers various benefits such as retirement payouts, healthcare subsidies, and housing grants. It also offers a guaranteed interest rate on its Ordinary Account savings and Medisave Account savings.

How do I check my CPF balance?

You can check your CPF balance online by logging in to your CPF account using your SingPass. You can also view your statement of account through the CPF mobile app or by visiting any CPF Service Centre.

Can I withdraw my CPF money?

Yes, you can withdraw your CPF money after reaching the age of 55. You can choose to withdraw your funds partially or fully, or you can opt for monthly payouts for life.

Does CPF affect my taxes?

CPF contributions are tax-deductible, which means they can lower your taxable income. However, withdrawals from your CPF account may be subject to tax if they exceed a certain amount.

How does CPF relate to Social Media Marketing, Digital Marketing, Content Marketing, Advertising, and SEO?

CPF is not directly related to Social Media Marketing, Digital Marketing, Content Marketing, Advertising, or SEO. However, as a comprehensive social security system in Singapore, it affects the overall financial health of Singaporeans which in turn affects their purchasing power, and therefore, the demand for products and services in the market.


  1. The Central Provident Fund: A Blessing or a Curse? by Liew Kai Khiun
  2. CPF and Retirement Planning in Singapore by Christopher Tan
  3. A Guide to CPF Investment Schemes by MoneySense
  4. The Complete Guide to CPF by CPF Board
  5. Understanding Singapore's Central Provident Fund System by World Scientific Publishing
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