Changes to CPF Policies
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.
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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