Tips to increase CPF savings
Top up regularly
Make transfers
Transfer funds from your Ordinary to Special Account2 to enjoy higher interest.
Supplement healthcare savings
Make voluntary contributions to your MediSave Account to boost savings for healthcare needs.
Source: CPF Board
Use the Retirement Payout Planner to simulate how monthly, yearly or one-time top-ups1 grow your retirement savings and payouts.
Save first
Aim to save at least 20 per cent of your monthly take-home pay, or more if you can.
Build an emergency fund
Set aside at least three to six months of expenses for emergency use.
Members who make cash top-ups to their CPF accounts can enjoy tax relief, subject to conditions. Learn more on the CPF website.
As the process is irreversible, transfer an appropriate amount after considering the other needs you require your Ordinary Account savings for.