To maximise benefits of your CPF funds and ensure financial stability in your retirement days, UOB offers a wide array of investment options that can be accessed through an Ordinary Account. These range from unit trusts to exchange-traded funds (ETF) on gold, all of which come under CPF Investment Scheme-Ordinary Account (CPFIS-OA).
CPF Investment Schemes on Ordinary Accounts can be broadly divided into products that are managed professionally and others. Below is a table with details on the different products available and their investment cap:
|CPFIS-OA Investment Products||Investment Cap|
|Products managed professionally||
|Others||Corporate bonds, shares, initial public offerings (IPO) of Singapore-based companies and those listed at the Stock Exchange of Singapore and loan stocks||35%|
|Gold ETF and other gold-related products||10%|
As an Investor you will receive monthly statements that include a comprehensive report of all transactions, balance in your UOB-CPF investment account, portfolio of investments with up-to-date values, and the available sub-limits for stock (35%) and gold (10%) investments. You will also be able to receive a daily interest on the uninvested amount in your account.
Deposits made in Singapore dollars by non-bank entities and Singapore dollar-denominated monies deposits under the SRS or Supplementary Retirement Scheme are eligible to receive an insurance from the Singapore Deposit Insurance Corporation for a maximum value of S$50,000 in aggregate for each depositor per Scheme member as per the law. However, deposits made in foreign currencies, structured deposits, investments in dual currency and other investment schemes will not receive such an insurance.
Every investment plan comes with certain criteria that an applicant must meet in order to be eligible to apply. It is not any different with UOB’s CPF Investment programme, although the requirements are not many. The applicant should be a CPF member aged 18 years or more and should not be an undischarged bankrupt.
The following table provides details of the charges applicable for each kind of transaction:
|Transaction Type||Applicable Charges|
1. Shares/Loan Stocks/Unit Trusts/Exchange Traded Funds/Property Funds/Corporate Bonds - Purchase, Sale, Conversion of Loan Stocks, IPO Allotment, Scheme Of Arrangement, Application of Rights or Application of Excess Rights
2. Sale or purchase of gold ETFs
3. Payment and receipt of funds in Fixed Deposit Accounts, Insurance Policies/Investment Administrators And Fund Management Accounts
4. Buying selling of securities issued by the Singapore government
5. Buying and selling of Statutory Board Bonds and Singapore government-backed bonds
6. Investments in gold
7. Other transactions
For every 1,000 shares/units or part thereof a charge of S$2 is applicable up to a maximum of S$20 per transaction
For every 10 shares, S$2 is applicable up to a maximum of S$20 per transaction.
Every transaction charged S$2
S$2 for every transaction
For every tradable lot S$2 will be charged up to a maximum of S$20 per transaction.
25% p.a. of value with a minimum limit of S$2 per month
For every certificate S$5 will be charged along with an administrative fee of S$72 p.a. per kilo bar.
25% p.a. based on monthly highest balance with a minimum limit of 0.12 per month.
For every 1,000 shares/units or parts thereof, S$3 will be charged with a maximum limit of S$30 per counter and S$3 per counter on other investments
Every failed transaction will be charged S$5
Every application charged S$2
Every application charged S$5
|8. Shares/Loan Stocks/Unit Trusts/Gold /Fixed Deposit Accounts/Fund Management Accounts/ Insurance Policies/Singapore Government Securities/Statutory Board Bonds/Bonds Guaranteed by Singapore Government/Exchange Traded Funds /Property Funds/Corporate Bonds/Investment Administrators/Gold Exchange Traded Funds||For every counter/holding per quarter S$2 will be charged|
CPF Investment Accounts can be opened by visiting a UOB branch. The bank also provides 24-hour toll-free numbers for general or account related queries.