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Cpf Form 91

Cpf Form 91

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[Music] Welcome to my three-part CPF series. So,  in the last two topics, we have covered the CPF   Ordinary Account and CPF Medisave Account,  and finally, we have come to the ultimate,   which is the CPF Special Account, or SA. Firstly,  let's talk about the Special Account and what it   is for because, really, in my opinion, the  Special Account doesn’t have much use. It's   purely for long-term retirement savings purposes,  which means it’s a place to stash money, you   know, for compound interest until you have reached  a sizable retirement fund when you reach 55.  So, if you want to find out what’s the interest  rate of the Special Account and how it is   calculated, here is the official definition:  it is based on the 12-month average yield of   10-year Singapore Government Securities plus 1%,  or a 4% annual interest floor rate. What this   means is that whichever number is higher,  they will take that number. For example,   fr

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