Use cash, not CPF, if you want to invest

Set aside a portion of monthly income to do so, instead of gambling with your personal reserve for old age

Payouts from private annuities are not and are dependent on the financial performance of the provider. PHOTO: ST FILE
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Central Provident Fund (CPF) members were long able to use their funds to buy investment products such as annuities that would provide them a monthly payment for life, but that investing landscape all changed in 2009.

That was the year the CPF Board introduced its own life-long annuity scheme - CPF Life - and similar private products that were once sold to members slowly disappeared from the market.

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