investing using CPF OA account

[nahbehism]

Hi,

I understand that you must have 20k in your ordinary account before you can purchase stock. So my question is.. what if I have 21k? does it mean i only have 1k to invest or i can invest the whole 21k?

Thanks for taking time to read this.

 

[weng0202]

On top of the first 20k, you also can only invest up to 35% of OA.

 

[Thoreldan]

https://www.cpf.gov.sg/Members/Schemes/schemes/optimising-my-cpf/cpf-investment-schemes

You can invest your CPF savings under the CPF investment Scheme- OA (CPFIS-OA) after setting aside $20,000 in your OA. Likewise for CPF Investment Scheme – SA (CPFIS-SA), you will need to set aside $40,000 in your SA.

In addition, you can only invest your OA savings up to 35% and 10% of your investible savings* in stock and gold respectively, also known as the stock and gold limits. You may refer to the example (PDF, 66KB) on the computation of the stock and gold limits.

 

[henrylbh]

Hi,

I understand that you must have 20k in your ordinary account before you can purchase stock. So my question is.. what if I have 21k? does it mean i only have 1k to invest or i can invest the whole 21k?

Thanks for taking time to read this.

Yes, only 1k can be used for investment.

The rule is 35% limit of OA less 20k can be invested. Eg if you have 60k, you can only invest 21k (35% limit).

 

[hwmook]

On top of the first 20k, you also can only invest up to 35% of OA.

Stock limit is 35% of OA. Mutual funds no limits.