From 1st July 2010, you will not be able to invest the first $40,000 in your Special Account. You will have to set aside $40,000 in your Special Account before the remaining savings in their SA can be used for investments.

But you will NOT be required to liquidate your existing CPFIS investments purchased before 1st July 2010, even if the balances in your SA accounts fall below $40,000 respectively.

There is no change to the requirement for members to set aside $20,000 in the Ordinary Account before you can invest your Ordinary Account monies.

About the Author

Ivan Guan is the author of the popular book "FIRE Your Retirement". He is an independent financial adviser with more than a decade of knowledge and experience in providing financial advisory services to both individuals and businesses. He specializes in investment planning and portfolio management for early retirement. His blog provides practical financial tips, strategies and resources to help people achieve financial freedom. Follow his Telegram Channel to join the FIRE community.
The views and opinions expressed in this article are those of the author. This does not reflect the official position of any agency, organization, employer or company. Refer to full disclaimers here.

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