News
Changes to CPF Policies
Posted on Wednesday, June 21, 2006 - 12:00 AM
From 1 July 2006, the following changes to the CPF schemes will take effect:
1. Transfer of excess Medisave Account contributions to Special or Retirement Account instead of the Ordinary Account;
2. Restrictions on use of CPF savings for multiple property purchases;
3. Phasing out of Non-Residential Properties Scheme; and
4. Increase in CPF Minimum Sum, Medisave Minimum Sum and Medisave Contribution ceiling.
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