The Business Times
business-time-50

CPF: The ultimate trust fund for kids?

google-preferred-sourceAdd BT as a preferred source
Published Wed, Aug 17, 2016 · 09:50 PM

    Singapore

    IN the current low-yield environment, those in the know often highlight the Central Provident Fund's (CPF) wonderful, risk-free interest rate of 4 per cent a year. And they bemoan how they cannot put more in the scheme.

    Yet, two little-known facts can make your eyes light up - especially if you have children.

    CPFHock Lock Siew

    TRENDING NOW

    Facebook co-founder Eduardo Saverin retains his title as Singapore’s richest individual despite a US$10.1 billion drawdown.

    Wealth of Singapore’s 50 richest diverges as OCBC, Sheng Siong boom offsets tech slide

    The Johor royal family has owned land in an area known as Tyersall Park for more than a century. 

    Massive tax bill clouds sale of Singapore land by Malaysian king’s son

    Canadian Prime Minister Mark Carney speaking at a press conference in Ottawa, on Aug 22, after trade talks with the US collapsed.

    Canada’s fight with the US has far bigger stakes than trade

    “I consider myself lucky. I don’t consider myself successful,” says Ng Yih Pyng, the second-generation leader of Tomei Consolidated.

    What’s luck got to do with it? Everything, says Malaysian jewellery king Tomei’s chief

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More