This is just in!
Abstracted from CPF Website - New Changes in 2009:
CPF Investment Scheme
To lower cost and improve quality of the funds included under CPFIS, the following changes will take place:
- From 1 May 2009, CPF members must first set aside $30,000 in their Special Account (SA) before they can invest their SA monies under CPFIS.
- From 1 January 2011, all funds in the CPFIS must meet all admission criteria applicable since 1 February 2006.
As it currently stands, you must set aside $20,000 before they can invest their SA monies under CPFIS. Meaning that currently, to be able to invest $10,000 from you CPF Special Account (CPF-SA) into a unit trust fund, you’ll need to have $30,000.
From 1st May 2009 onwards, you should have $40,000 in your CPF-SA to be able to invest $10,000.
If you’ve already invested your CPF-SA, this will not affect your current investment, but you may not be able to make a further investment i.e. top-up unless you meet the above guidelines.
