闲着没事看了半天CPF几点小结供讨论，请指正。 1、MA满了后contribution和利息overflow去SA；SA满了后MA会overflow去OA，但MA本身的allocation依然进MA。 2、如果有现金或者多余OA大几万闲置，是值得把SA填满的，虽然损失了以后cash top up tax relief的机会，但利息会部分弥补或者全部弥补或者最终超过（取决于多少年后比较）。两个前提，一是不需要流动性，二是没有更好的投资去处或者作为低风险类投资。 3、OA除了可以转到自己的SA，也是可以自己SA满后转给配偶。 4、55岁后可以取出FRS之外的钱，也可以留着继续吃利息。OA和SA的钱会拨出up to FRS的钱作为RA，本地论坛有个所谓SA shielding的小窍门来达到尽量保留SA，多从OA里拨款的小窍门，就是在RA账户生成前先把可投资的SA全部拿去投资，等RA好了后再卖出那些投资。另外如果想增加RA到ERS，建议用现金top up RA，不要从SA里转。 CPF是个挺好的低风险工具，完全可以当作养老计划的重要组成部分。 --- 该帖荣获当日十大第2，奖励楼主18分以及27华新币，时间：2019-05-25 22:00:01。 --- 该帖荣获当日十大第4，奖励楼主12分以及18华新币，时间：2021-04-12 22:00:05。

其实我觉得下次大选很可能东部和东北部要连成一大片了政府还是要考虑民愤的

出口伤人本身就是不对的CPF 本身投资的是 SSGS, 而2.7%的年化收益是GIC 的投资收益。 10年期SSGS的回报收益是多少？ The Ministry of Finance has elaborated on this: Singaporeans’ CPF funds are invested in bonds – SSGS – which are fully guaranteed by the Government. CPF monies are therefore invested entirely in risk-free assets. The Government takes the investment risk in managing SSGS proceeds. This arrangement assures that the CPF Board will be able to pay its members all their monies when due, and the interest that it commits to pay on CPF accounts. Ultimately, the investment returns that the Government expects to make over the long term by taking the risks of long-term investments are not hoarded away in the reserves. Up to 50% of the net returns from the reserves flow back to Singapore’s Budget through the Net Investment Returns Contribution (NIRC). The long-term returns therefore help to fund spending which benefits Singaporean

你这个不准确不仅是sgss 15% 投资在developed market equity 15% emerging market equity 45% bonds and cash, 估计是sgss和其他bond 5% inflation linked bond 7% real estate 13% private equity 我觉得有点保守了，而且它本来的investment policy 是65% global equity, 35% global bonds 现在bond 竟然占到45%