The CPF Board has recently announced that with effect from 1 July 2010, the investment threshold under CPFIS-SA will be raised from $30,000 to $40,000. This means that the first $40,000 of CPF members' Special Account ("SA") balances will no longer be allowed to be used for investments. There is no change to the requirement for members to set aside $20,000 in their CPF Ordinary Account before they can invest their Ordinary Account monies.
In view of this new change, kindly ensure that there is a minimum balance of $40,000 in addition to your investment amount in your SA before you submit your Navigator CPFIS-SA subscription request.
Should you require any assistance, please contact your Financial Adviser Representative for clarification.