Regular investments using CPF

QUESTION:

Dear Mr. Tan,

Thank you for regular updates in your blog. It is interesting, relevant and useful.

Could you discuss a little on regular savings plan for your investment funds products, using CPF OA and SA?

I am sure other readers would be keen to know if there is such a plan as it potentially helps to beat the CPF returns (if using CPF funds for investment). If there is no RSP arrangements, would NTUC be looking into this?

REPLY

Dear

NTUC Income has a regular savings plan. It is called the Ideal plan. It has to be paid by cash.

Alternatively, you can invest your CPF savings (ordinary or special account) as a single premium under our Flexilink plan. You can top up your savings at any time with a "recurring" single premium, provided that the top up is at least $1,000.

The advantage of a single premium plan is that the charge is very low.