| 2 comments ]
Categories: ,

The CPF Investment Scheme (CPFIS) allows you to invest your CPF savings in a wide range of investment products (Eg. shares) to enhance your retirement nest egg.

These are the steps to purchase shares in
local stock market under CPFIS:

1. Open a CPF Investment Account
Open a CPF Investment Account with DBS, UOB or OCBC. These banks are known as CPF agent banks. An account number is given to you on the spot, but it takes less than 5 working days to approve your application.

2. Link up your CPF Investment Account Number
Submit the following information to your broker:

  • Trading Account Number
  • Bank CPF Investment Account Number

3. Check the amount of money available for shares investment
Log into the CPF website. Click on "My Statement", scroll down to "Section C". Check the amount shown under "Stocks" - this is the amount of money you can use to purchase shares.

4. Check the shares available for CPF investment
Go to the SGX website. It shows the list of shares you can purchase under CPFIS.

Important
Prior to placing your order, you are advised to check that you have available CPF investible funds and ensure the stock you wish to trade is CPF approved stock to avoid rejection by your CPF Investment agent bank. Also remember to indicate that you are trading using CPF.

2 comments

QUALITY STOCKS UNDER 5 DOLLARS said... @ February 9, 2013 at 2:07 PM

Excellent post on CPF.

MCX Tips said... @ December 20, 2014 at 5:34 PM

CPF Investment Scheme can be really useful for the employees as with its help they can utilize their CPF amount in a better way.

Post a Comment