CPF Investment Scheme (CPFIS) Eligibility Calculator Singapore 2026
OA S$20,000 Floor, SA S$40,000 Floor, Gold & Stock Limits & Break-Even Return
Calculate your exact CPFIS investible amount — OA savings above the mandatory S$20,000 floor, and SA savings above S$40,000 (for under-55 members). See the gold investment limit (10% of OA investible), stock/ETF limit (35%), break-even return needed to beat CPF’s guaranteed 2.5% OA / 4% SA rate, and the impact of the 2025 SA closure for members aged 55+.
Age is critical for CPFIS: members aged 55 and above had their SA closed in 2025 (funds transferred to RA up to FRS, remainder to OA). This means CPFIS-SA is no longer available for age 55+. Under-55 members may still use CPFIS-SA if SA balance exceeds S$40,000.
The first S$20,000 in your OA must remain — it cannot be invested under CPFIS. Only savings above S$20,000 are investible. The floor earns 3.5% p.a. (extra 1% on first S$20K). Check your OA balance at my.cpf.gov.sg.
SA savings above S$40,000 are investible under CPFIS-SA (for under-55 members). The S$40,000 floor earns 5% p.a. (extra 1% on first S$40K of SA). SA can only be used to buy unit trusts, bonds, and ETFs — not gold or individual stocks.
RA balance for reference only — RA savings cannot be invested under CPFIS. Shown for context when modelling the SA closure impact for age 55+ members.
Enter your age and OA/SA balances to check CPFIS eligibility, calculate investible amounts above the mandatory floors, see the gold (10%) and stock (35%) investment caps, and calculate the break-even return needed to outperform CPF’s guaranteed 2.5% OA / 4% SA interest.
CPFIS Singapore 2026 — OA S$20,000 Floor, SA S$40,000 Floor, SA Closure for Age 55+ & Product Limits
The CPF Investment Scheme (CPFIS) allows Singapore CPF members to invest their OA and SA savings (above mandatory floors) in a range of approved investment products to potentially earn higher returns than CPF interest rates. However, CPFIS comes with important eligibility rules and investment limits that many members overlook. The core rule: you must maintain a minimum of S$20,000 in your OA (uninvested) and S$40,000 in your SA (for under-55 members) at all times. Only savings above these floors are investible. From 2025, the SA was closed for members aged 55 and above — transferring SA balances to the Retirement Account (up to the FRS) or back to the OA — making CPFIS-SA unavailable for the 55+ cohort going forward.
CPFIS-OA vs CPFIS-SA — Key Differences 2026
| Feature | CPFIS-OA | CPFIS-SA (Under-55 only) |
|---|---|---|
| Mandatory floor | S$20,000 must remain uninvested | S$40,000 must remain uninvested |
| CPF interest on floor | 3.5% p.a. (first S$20K extra 1%) | 5% p.a. (first S$40K extra 1%) |
| CPF interest on investible | 2.5% p.a. (sacrificed if invested) | 4% p.a. (sacrificed if invested) |
| Gold / gold ETFs | Allowed (max 10% of investible) | Not allowed |
| Stocks / equity ETFs | Allowed (max 35% of investible) | Not allowed |
| Unit trusts / bonds / ETFs | Allowed (no cap) | Allowed (no cap) |
| Available at age 55+? | Yes (OA still exists) | No — SA closed 2025 |
| Break-even return needed | ~4%+ p.a. after fees | ~5.5%+ p.a. after fees (harder to beat) |
CPFIS Investment Product Limits — Gold, Stocks & Eligible Products 2026
| Product Category | Limit | Example Products |
|---|---|---|
| Gold / gold ETFs / gold funds | Max 10% of investible OA | SPDR Gold Trust, gold certificates, physical gold |
| Stocks / shares / equity ETFs | Max 35% of investible OA | SGX-listed stocks, STI ETF, SPDR STI, Nikko AM STI |
| Unit trusts (CPF-approved) | No cap on investible OA/SA | Aberdeen, Dimensional, Fullerton, Infinity, Nikko AM funds |
| Investment-grade bonds | No cap on investible OA/SA | SGS bonds, corporate bonds (rated BBB and above) |
| Insurance products (CPFIS-approved) | No cap on investible OA/SA | Selected ILPs, annuities (from approved insurers) |
| T-Bills / SSB | Via CPF OA funds | 6-month T-Bill, Singapore Savings Bond |
| REITs, cryptocurrencies, overseas stocks | Not allowed under CPFIS | S-REITs, crypto, US stocks via CPFIS not permitted |
How This CPFIS Eligibility Calculator Works — Floor Check, Investment Limits & Break-Even
Step 1 — Check OA and SA Floors Against Your Balance
Enter your age and OA/SA balances. The calculator immediately checks eligibility: if your OA is S$20,000 or below, you cannot invest via CPFIS-OA. If you are 55 or above, CPFIS-SA is no longer available. For under-55 members with SA above S$40,000, the investible SA amount is shown.
Step 2 — Calculate Gold, Stock and Unit Trust Limits
From your OA investible amount, the calculator computes the maximum you can allocate to gold (10%) and stocks/equity ETFs (35%). The remaining OA investible and all SA investible can be allocated to unit trusts, bonds, ETFs, or T-Bills without a sub-limit. Note that even within the 35% stock limit, diversification across sectors and markets is strongly recommended.
Step 3 — The Break-Even Return: What You Need to Beat CPF
Investing via CPFIS means giving up CPF’s guaranteed 2.5% p.a. on OA (or 4% on SA). After typical fund management fees of 0.5–1.5% p.a. (on top of brokerage costs), your CPFIS investment must return approximately 4%+ p.a. net to break even with leaving money in OA, or 5.5%+ p.a. to beat the SA rate. The bar chart shows your OA split visually: retained floor, investible amount, gold cap, and stock cap.
3 Real Singapore CPFIS Examples — OA-Rich 38-Year-Old, Pre-55 Shielder & Post-SA Closure at 57
PMET Age 38, OA S$90K
Age 52, SA S$95K (Under-55)
Age 57, Post-SA Closure
3 Expert CPFIS Tips — Why Most Members Should Not Invest SA, STI ETF vs Leaving in OA & T-Bill Strategy
The SA 4% Guaranteed Rate Is Almost Impossible to Beat via CPFIS-SA — Most Should Not Invest SA
CPF SA earns a guaranteed 4% p.a. (5% on the first S$40,000). Under CPFIS-SA, you can only buy CPF-approved unit trusts — no stocks, no ETFs, no gold. Unit trust management fees typically range from 0.5–1.5% p.a. (front-end load up to 3%, though this can be waived at robo-platforms). To beat SA: your unit trust must return at least 5.5%–6% p.a. gross (4% SA rate + 1.5% fees) consistently. Historical data: only a small minority of actively-managed unit trusts available under CPFIS have sustained 5.5%+ net returns over 10 years. Passive index options are better (e.g., global index funds via Endowus CPF) — but even these must clear the 4% + fee hurdle. The risk-free 4% SA guarantee is exceptional by global standards. Before investing SA, ask: “Am I confident this fund beats 5.5% p.a. net after all costs over a 10–20 year horizon?” Most honest answers will be no — keep SA in CPF.
The STI ETF via CPFIS-OA: The One CPFIS Strategy That Has Mathematically Made Sense
The Singapore Straits Times Index (STI) ETF (SPDR or Nikko AM) tracks the top 30 SGX companies. From 2000–2024, the STI ETF has delivered approximately 6–8% p.a. total returns (price + dividends reinvested). Against the OA’s 2.5%, this represents a clear historical outperformance. The strategy: invest the OA amount above S$20,000 into the STI ETF via CPFIS (within the 35% stock limit), hold for 10+ years, and reinvest dividends within CPF. Caveats: (1) Past performance is not guaranteed; (2) STI ETF has significant home-country concentration risk — Singapore represents ~0.5% of global equity markets; (3) Requires emotional discipline through market downturns (2008: -50%, 2020: -30%). The lowest-cost CPFIS platform for STI ETF: Endowus or OCBC Blue Chips typically have lower transaction costs than traditional full-service brokers. Always compare total cost of ownership (brokerage + fund expense ratio) against the 2.5% OA benchmark before committing.
T-Bills via CPF OA: Earn Up to 3.5% p.a. from OA Without Exceeding CPFIS Limits
A less-known strategy that does not technically fall under CPFIS: investing CPF OA funds in Singapore T-Bills (6-month or 1-year) through the CPF Investment Scheme but classified separately from standard CPFIS products. When 6-month T-Bill yields exceed 2.5% (as they did during 2022–2024 when yields reached 3.5–4%), this strategy allows OA funds to earn a higher guaranteed return than leaving them in CPF — without any equity risk, within the CPFIS framework. The mechanics: apply via ATM using CPF funds during each T-Bill auction; if allotted, OA funds are deducted and the T-Bill is held to maturity (6 months); proceeds return to OA automatically. The S$20,000 floor still applies — only OA above S$20,000 can be used. Check current T-Bill yields at MAS.gov.sg before each auction: when yields significantly exceed 2.5%, T-Bills are typically the best risk-free CPFIS strategy for OA funds.