CPF in Singapore

In Singapore, the Central Provident Fund is mandatory for permanent residents and working Singaporeans. The fund is used to cover three broad areas of housing, health and retirement and contributions are made by both the employee and employer.

Types of CPF accounts

Your CPF contributions typically go into three different accounts:

Ordinary account
This is primarily used to pay for housing, but can also be used for insurance, investments and education.

Special account
This account is used to fund your retirement

Medisave account
This is used to pay for approved medical insurance and hospital bills

For more information on the CPF in Singapore for foreigners, speak to one of our financial planners today.

Contact your local branch

+65 6971 1605

Speak to a financial planner in Singapore