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Choose from dif­fer­ent CPFIS in­stru­ments: shares and loan stocks, unit trusts, gov­ern­ment bonds, statu­tory board bonds, bank de­posits, fund man­age­ment ac­counts, en­dow­ment in­sur­ance poli­cies, in­vest­ment-linked in­sur­ance poli­cies (ILPs), ex­change traded funds (ETFs) and gold. Th­ese are of­fered by ven­dors like CPF Fixed De­posit Banks (DBS, May­bank, OCBC, UOB), in­sur­ance com­pa­nies, fund man­age­ment com­pa­nies and other banks.

What you can in­vest in also de­pends on whether you’re us­ing your OA or SA monies. In­vest­ing your OA of­fers more op­tions, although there are cer­tain guide­lines to ad­here to. For in­stance, only up to 10 per cent of your in­vestible sav­ings (your to­tal OA bal­ance plus the amount of CPF you’ve used up for

in­vest­ment and ed­u­ca­tion) can be in­vested in gold ETFs and gold. You can also use your CPFIS-OA funds to ap­ply for shares, prop­erty funds or bonds of­fered dur­ing an Ini­tial Public Of­fer­ing (IPO).

Do note: You can use money from your OA only for in­vest­ments un­der the CPFIS-OA scheme, and your SA only for in­vest­ments un­der CPFIS-SA. You can’t com­bine them to in­vest in one prod­uct.

But if you’re un­der 55, you can trans­fer funds from your OA to your SA and in­vest via your CPFIS-SA. Do think twice though as it’s ir­re­versible; you can’t shift the money back to your OA in the fu­ture to pay for hous­ing or ed­u­ca­tion needs. Also, the to­tal sav­ings in the SA, in­clud­ing the amount with­drawn un­der CPFIS-SA, must not ex­ceed the CPF Min­i­mum Sum af­ter the trans­fer. This is cur­rently set at $155,000 but will be raised to $161,000 in July 2015.

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