What is the Central Provident Fund (CPF)
The Central Provident Fund (CPF) is a key pillar of Singapore’s comprehensive social security system.
At a glance
(as at 1 July 2018)
|Ordinary Account||2.5% – 3.5%|
|Special Account||4% – 5%|
|MediSave Account||4% – 5%|
|Retirement Account||4% – 5%|
- Interest rates include an extra 1% interest paid on the first $60,000 of your combined balance, including up to $20,000 from your Ordinary Account.
- If you are aged 55 and above, you will also earn an additional 1% extra interest on the first $30,000 of your combined balance, including up to $20,000 from your Ordinary Account.
What is CPF
The CPF is a key pillar of Singapore’s social security system, and serves to meet our retirement, housing and healthcare needs.
The government also helps to supplement the CPF savings of lower wage workers through schemes such as Workfare and top-ups to MediSave for senior citizens.
|Withdrawal age||55 years – when you can start withdrawing your CPF savings.|
|Payout eligibility age||65 years (for those born after 1953) – when you start receiving monthly payouts from your CPF savings.|
|CPF Basic Retirement Sum||
$88,000 for members who turn 55 in 2019.
If you own a property and choose to pledge it or have a sufficient CPF property charge on your property, you will be able to withdraw your CPF savings in excess of your CPF Basic Retirement Sum.
|CPF Basic Healthcare Sum (from 1 Jan 2016)||
$57,200 from 1 January 2019.
The Basic Healthcare Sum (BHS) is designed to be enough for your basic, subsidised healthcare needs in old age.
Amounts above the BHS will flow to your Special or Retirement Accounts to boost your monthly payouts. Your cohort’s BHS will be fixed when you turn 65 years old, and this amount will not change for the rest of your life.
You will not be required to top up your MediSave Account if you do not meet your cohort Basic Healthcare Sum.
Funding your retirement
If you are a working Singaporean, you and your employer make monthly contributions to the CPF. These contributions go into 3 accounts:
|Ordinary Account||Primarily for retirement and housing needs.|
|Special Account||Primarily for retirement needs.|
|MediSave Account||Primarily for healthcare needs.|
CPF Retirement Sums
When you reach 55 years old, savings from your Special Account and Ordinary Account will be transferred to your Retirement Account to form your retirement sum.
To help you plan early for retirement, the Basic Retirement Sum will be made known to you ahead of time. You can withdraw the first $5,000 of your Ordinary and Special Account savings even if you do not meet your Basic Retirement Sum at age 55.
|You are age 55 in:||Basic Retirement Sum|
For each successive cohort of members turning 55, the payouts need to be higher to account for long-term inflation and rising standard of living. Correspondingly, the Basic Retirement Sum to be set aside has to increase.
More information on CPF
For other information, such as employer and employee contribution rates, please visit the CPF website.
US Tax of Singapore CPF, Assets, & Income: FBAR & FATCA
U.S. Tax of Singapore CPF, Assets, & Income: International Tax Law is hard. This is especially true when it involves foreign pensions. That is because in their home country, foreign pensions are treated similar to a 401K, and are generally tax exempt. When it comes to Singapore and the United States tax treatment of the CPF, the difficulty is compounded by the fact that:
We will summarize the IRS CPF tax compliance rules and offshore reporting requirements below for you.
- Tax on Contributions and Growth
- FBAR & FATCA
- IRS Foreign Reporting Amnesty Options
When it comes to the U.S. taxation of the CPF, the IRS issued previous memoranda on this issue and determined the following:
–Deferred salary contributions into the CPF ‘fund’ are taxed now, and not deferred.
– Accrued, non-distributed growth within the fund is taxed as well.How is CPF Taxed in Singapore?
As provided by the IRAS in Singapore:
-Compulsory CPF Contributions relating to employment in Singapore: Not Taxable
-Voluntary CPF Contributions relating to employment in Singapore, i.e. amount in excess of compulsory contributions to be made by employer: Taxable
-Contributions made from 1 Jan 2004 relating to employment outside Singapore: Not Taxable since the contribution is a foreign-sourced income
-Contributions relating to Director’s Fees: Taxable
Voluntary CPF Contributions
Employers may also make voluntary CPF contributions to an employee’s CPF account.
Voluntary CPF contributions made by the employer relating to employment in Singapore are taxable. The employer must prepare Form IR8S if there is excess CPF contributions made in the current year and give the form to the employee.
If the excess employer’s contributions have been brought to tax and the employer has claimed or is claiming a refund, the employee should forward the completed Form IR8S to IRAS. IRAS will then review the employee’s assessment accordingly.
Generally, CPF withdrawals are not taxed. There are various rules, exceptions, etc. involving:
- How old the person is taking the withdrawal?
- How much is the withdrawal?
- is the person still a Singaporean Citizen or Resident?
- What the purpose of the withdrawal?
- What portion remains for retirement?
Not really, but kind of, sort of.
It has components of Social Security and components of a retirement (such as a 401K).
As to retirement, such as a 401(k), it is important to note the compulsory 401k is not mandatory.
While it is typically a good idea to max out your 401(k), you are not required to do show no matter who your employer is or where you live.
On the other hand, if you are working in Singapore, the the contributions to the CPF are compulsory.
If you do not work in Singapore (and there are some other more complex rules involving whether you work for a foreign employer, or Singaporean employer) then you do not have to contribute to the CPF.
For example, since Singapore does not allow dual-citizenship, if you are a Singaporean citizen residing in United States as a Legal Permanent Resident or Visa Holder and earning income in the United States from a U.S. employer, then no contributions from the US employer would go to the CPF.
Example of Retirement – 401K
David is a US person who works for a U.S. company.
This company defers $10,000 each year of David’s salary into his 401(k).
That $10,000 is eliminated from David’s tax for the current year.
Instead, at a future date when David’s retirement kicks in and he begins taking withdrawals, he will be taxed on the withdrawals at that time.
Purpose: Presumably, David is at a higher tax bracket during his working years versus retirement years, and therefore he will be taxed at a lower tax rate at withdrawal.Is CPF the Same as U.S. Social Security?
No, not really.
U.S. social security contributions are relatively simple.
Employees contribute a certain portion to social security as does the employer.
If you are self-employed, you pay both shares.
You don’t pay Social Security taxes on earnings greater than the annual cap.
When a person reaches a certain age, they begin receiving social security payments and the age in which a person begins taking social security can vary.
A person can typically elect to begin receiving U.S. Social Security at different ages, and then based on the total income received by the person, that will determine whether a portion or all of their social security is taxed (when a person earns less additional income, then less of the social security is taxed, and vice versa).
– Social Security is a defined benefit; CPF ROI (Distributions) will vary based on investment type and value of the fund.
– CPF has various designated accounts for different purposes; Social Security is a single monthly payment.
– You may be able withdraw the a majority of CPF balance in one withdrawal (or in full under limited circumstances)
– A CPF has a set amount of money (based on earnings) per person that can be withdrawn in full, U.S. Social Security does not; it is a continued benefit.
– A CPF has an account number, specific to the individual, social security does not.
– You cannot choose the fund for investments or investment strategy for Social Security, but you can for a CPF (many different types of investment strategies and risks).Examples of U.S. Tax on Singaporean CPF
Here are four (4) c0mmon examples of U.S. tax issues involving Singaporean CPF.
Non U.S. Person (Employment Deferrals)
Michael is a Singaporean citizen who resides in Singapore.
While residing in Singapore he works for a Singaporean company and the company defers money into the CPF each year.
The money is allocated into various different accounts within the CPF, and then grows just as a 401(k) would grow.
Michael (absent certain exceptions) is not able to access that money during his working years but will be able to access the money upon retirement (or other milestone).
Of course, Michael is a non-U.S. person with not U.S. Income, so the IRS cannot tax him at all on the income.
U.S. Person (Employment Deferrals)
David is a U.S. citizen and Singaporean Resident who resides in Singapore.
While residing in Singapore he works for a Singaporean company and the company defers money into the CPF each year.
The money is allocated into various different accounts within the CPF, and then grows just as a 401(k) would grow.
The IRS taxes the deferred income; it is not exempt for U.S. Tax.
This is true, even though (absent certain exceptions) David not able to access that money during his work years.
Non U.S. Person (Growth within the Fund)
If a person is in non-US person, then there will be no impact from a US tax perspective; in other words, the IRS would have no business being involved in an non-US person’s non-US retirement.
The fund would grow over the lifetime of the investment and then when it is time to retire, the individual can take certain withdrawals.
U.S. Person (Growth within the Fund)
Unfortunately, if the employee is a US person and there is growth within the fund, then the IRS will tax the growth within the fund.
For example, if Brian has a CPF that generated $6,000 in passive income, then Brian will pay tax on the growth — even though he is not withdrawing the money, and even though he would most likely avoid paying any Singaporean tax at that time.CPF FBAR & FATCA (and Common Misconceptions)
CPF Is reportable on the FBAR and 8938, and can also be required on various other forms as well.
Here are some common misconceptions
CPF is just like retirement, so it doesn’t need to be reported.
The rules regarding reporting foreign retirement, investments, and other types of accounts are very clear.
The FBAR and other reporting forms are not limited to just bank accounts.
It includes all different types of financial accounts and there is no specific exclusion for retirement accounts. Therefore, simply because you have not accessed your CPF does not mean you do not have to report it.
FATCA agreement says you don’t have to report it.
The FATCA Agreement Says I Do Not Have to Report
Some FATCA agreements exclude certain types of reporting.
Primarily it is the foreign government/entity that doesn’t have to report it, not the U.S. person.
Therefore, if you are a U.S. person, then you are required to report the CPF (if it otherwise meets the threshold reporting requirements).
You didn’t withdraw any income, so you don’t have to report it.
My CPF Didn’t Distribute any Income
Just because you didn’t receive or “touch” any income, does not have any impact on the reporting aspect of the CPF.
In fact, if you have a CPF account, chances are you are earning income, even if you are not withdrawing the income (see above analysis).
Nevertheless, even if it wasn’t earning any income, that does not impact whether or not you have to report it; you do have to report it.
It is Government mandated, so it doesn’t need to be reported.
A CPF is Government Mandated
Just because you are required to contribute to a CPF, (and just because the government may be exempt from reporting the CPF) does not impact reporting; you still have to report it.
It’s just like US Social Security ,and doesn’t need to be reported.
It is Social Security and Non-Taxable
See above analysis regarding Social Security, but since it has a definitive amount of money, and an assigned account number — it would have to be reported.Which International Reporting Forms do I Report CPF on? FBAR (FinCEN 114)
The FBAR is used to Report Foreign Bank and Financial Accounts on an annual basis.
The form has a relatively low threshold requirement of $10,000.
In other words, if you have an annual aggregate total of foreign accounts (including life insurance or retirement funds) that on any day of the year exceeds $10,000, then you are required to report this form.
It does not matter if the money is in one account or spread over numerous accounts.
And, it does not matter if the account is in your home country of citizenship or if you opened the account before relocating to the United States.
When it comes to the FBAR, one of the main concerns are the FBAR Penalties.
A penalty for failing to file FBARs. United States citizens, residents and certain other persons must annually report their direct or indirect financial interest in, or signature authority (or other authority that is comparable to signature authority) over, a financial account that is maintained with a financial institution located in a foreign country if, for any calendar year, the aggregate value of all foreign financial accounts exceeded $10,000 at any time during the year.
The civil penalty for willfully failing to file an FBAR can be as high as the greater of $100,000 or 50 percent of the total balance of the foreign financial account per violation. See 31 U.S.C. § 5321(a)(5).
Non-willful violations that the IRS determines were not due to reasonable cause are subject to a $10,000 penalty per violation, but that may be mitigated.Form 8938
Form 8938 is a byproduct of FATCA (Foreign Account Tax Compliance Act).
It is a form that is required to be filed with the tax return each year when a person meets the threshold requirements for filing.
Unlike the FBAR, which is an electronic form which is submitted directly to the Department of Treasury (The FBAR is not submitted with your tax return), Form 8938 is part of your tax return.
Form 8938 requires you to provide extensive information regarding foreign accounts and specified foreign assets.
Form 8938 Penalties
Beginning with the 2011 tax year, a penalty for failing to file Form 8938 reporting the taxpayer’s interest in certain foreign financial assets, including financial accounts, certain foreign securities, and interests in foreign entities, as required by IRC § 6038D.
The penalty for failing to file each one of these information returns is $10,000, with an additional $10,000 added for each month the failure continues beginning 90 days after the taxpayer is notified of the delinquency, up to a maximum of $50,000 per return.Schedule B, Foreign Accounts
In almost all situations, if a person has ownership, joint ownership, an interest in, or signature authority over a foreign account (yes, accounts from your home country are considered “Foreign”) the individual will have to mark “Yes” on Schedule B.
This is true, even if you do not meet the FBAR filing threshold, and/or the Form 8938 (FATCA) threshold filing requirement. Schedule B is not asking you how much; rather, it is just asking whether you have any ownership or signature authority over any foreign accounts.Form 8621
IRS Form 8621 (Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund) is an IRS Form required to be filed by individuals who have any interest in a Passive Foreign Investment Company — whether or not they received an Excess Distribution, as long as they are not otherwise exempt from filing.
Unlike IRS Form 5471, there is no minimum ownership requirement.
Technically, even if you have “fractional ownership,” of a PFIC you are still required to file — unless you meet one of the very limited exemptions/exclusions.
Moreover, the mere ownership of Foreign Mutual Funds and other foreign passive investments (that you do not technically own in a PFIC company) requires you to file the form.
The form can be daunting, especially when the filer also has a tax liability in accordance with form 8621.
Form 8621 Penalties
Notwithstanding Excess Distribution calculations, the “main non-numerical” penalty associated with form 8621 is completely unfair (you can read here about the sheer horror of the “Excess Distribution calculation“).
Why? Because technically, while there is no specific numerical penalty included regarding non-filing of Form 8621, a tax return is still considered to be “open” until the 8621 is filed.
In other words, the statute of limitations countdown for the IRS to audit your tax return (usually 3 years) does not even begin to tick if the 8621 hasn’t been filed.
Even if you try to argue the return only remains open as to the 8621, but in reality, the IRS will most likely take you to task as to the whole return.IRS Voluntary Disclosure/Foreign Amnesty
If you have not properly reported your CPF to the US tax authorities you may have an issue.
Since the nondisclosure is typically accompanied by the nondisclosure of the income generated, you may also have a potential penalty for not reporting.
Depending on the facts and circumstances you may qualify for one of the following programs:
Some of the more common programs, include:
Complete guide to CPF LIFE: Facts, myths and how to make it work harder, Money News
If you’ve been confused, frustrated, annoyed or even alarmed by how Singaporeans are made to work all the way till they’re 70, without even letting us have our money back, there’s a slight chance you might be a little bit misinformed.
Here’s an in-depth Q&A on CPF LIFE that could change your mind about those endless discussions.
Section 1: What is CPF LIFE?
What is CPF LIFE?
CPF LIFE is Singapore’s national retirement plan that aims to help retirees achieve lifelong income to support their financial needs in their golden years.
Under this annuity plan, Singapore Citizens and Permanent Residents (we’ll refer to this group as ‘Singaporeans’) will receive monthly payouts for the duration of their life.
The name of the scheme is an acronym, of course — LIFE stands for Lifelong Income For the Elderly.
How do I sign up for CPF Life?
You will be auto-included into CPF LIFE as long as:
- You’re a Singaporean born in or after 1958, and
- You have at least $60,000 in your Retirement Account (RA) 6 months before you are eligible to start receiving CPF LIFE payouts
In addition to the above, Singaporeans turning 55, between 1 Jan 2013 and 30 Apr 2016, with at least $40,000 in your RA will also be auto-included in CPF LIFE.
Any Singaporean who wishes to join CPF LIFE may apply to do so between your payout eligibility age and one month before you turn 80.
Here’s the payout eligibility age according to the CPF Board.
|Year of birth||1943 and before||1944 – 49||1950 – 51||1952 – 53||1954 and after|
|Payout eligibility age||60||62||63||64||65|
How does CPF LIFE work?
CPF LIFE is an annuity plan, a type of insurance plan that converts your premiums into monthly sums, which are paid out to you over your entire lifetime.
The premiums for your CPF LIFE annuity plan are paid using your CPF savings. They are specifically taken from the Retirement Account (RA), which is automatically created for you at age 55.
Upon reaching your 55th birthday, the balances in your Ordinary Account (OA) and Special Account (SA) are combined and transferred to the RA, which continues to accrue interest (up to 6per cent per annum).
When you arrive at your payout eligibility age, you will automatically start receiving monthly payouts. You will also be asked to choose between three plans, each with their own features and benefits:
|Type of CPF LIFE plan||What does it mean?||Who is it for?||Monthly payouts|
|Basic||Lower monthly payout, higher bequest||Retirees wishing to leave some money behind||Starts to decrease slowly when combined balance in RA and unused premiums fall below $60,000|
|Standard (default)||Higher monthly payout||Retirees wishing to focus on meeting their own retirement needs||Remain the same throughout|
|Escalating||Monthly payouts starts lower but increases by 2per cent per annum||Retirees who wish to hedge against inflation risk||Increase year on year|
Do bear in mind that adjustments to payouts may be carried out to account for long-term changes in interest rates or life expectancies for all three plans.
Since CPF LIFE is actually an annuity, how much will my premiums cost?
Strictly speaking, there’s no fixed amount you have to pay for your CPF LIFE annuity plan. This is because, unlike other annuity plans, how much you stand to receive in your monthly payout depends on how much money is in your RA. For a breakdown of the details, read this article, this one and this one .
The following table illustrates how your CPF LIFE is paid for. Let’s try and make this easier for you.
|Type of CPF LIFE plan||How it’s paid for||How this affects your payouts|
|Basic||From age 65 to 70, between 10per cent to 20per cent of your RA is deducted and put into the Lifelong Income Fund.
|Your payouts are paid out from your RA until one month before age 90, after which your payouts continue to be paid from the Lifelong Income Fund.|
|Standard||At the point you choose to start receiving payouts (between 65 and 70 years old), 100per cent of RA balance is paid into the Lifelong Income Fund.||Your payouts will be made from the Lifelong Income Fund (interest inclusive), and will remain stable throughout your life.|
|Escalating||At the point you choose to start receiving payouts (between 65 and 70 years old), 100per cent of RA balance is paid into the Lifelong Income Fund.||Your payouts will be made from the Lifelong Income Plan (interest inclusive). They will, initially, be lower but will increase by 2per cent per annum.|
But what about BRS, FRS and ERS? Are they compulsory?
Ah, now we come to one of the more confusing aspects of CPF LIFE — the Retirement Sum. Here are the Retirement Sums for 2020.
|Type of Retirement Sum||Amount||Remarks|
|Basic Retirement Sum (BRS)||$90,500||If you own a property with a lease that can last you until age 95, and you choose to withdraw your RA savings|
|Full Retirement Sum (FRS)||$181,000 (2x BRS)||If you do not own a property, or choose not to withdraw your RA savings|
|Enhanced Retirement Sum (ERS)||$271,500 (3x BRS)||If you wish to receive larger monthly payouts|
To help Singaporeans reap their hard-earned money, the three Retirement Sums — Basic (BRS), Full (FRS) and Enhanced (ERS) are there simply to help you gauge the monthly income you will be receiving.
Despite their officious-sounding names, they are not guarantees; the actual payout you will receive per month depends on how much money is in your RA to begin with.
Plus, remember how we said above that regardless of how much you actually have in your CPF accounts, any Singaporean can join CPF LIFE? Therefore, no, the Retirement Sum figures are not compulsory, so you can stop stressing about this seeming do-or-die mission.
Ok, so how much will I actually receive from CPF LIFE?
|Type of Retirement Sum||Amount||Estimated monthly payout (starting age: 65)|
|Basic Retirement Sum (BRS)||$90,500||$750 – $810|
|Full Retirement Sum (FRS)||$181,000 (2x BRS)||$1,390 – $1,490|
|Enhanced Retirement Sum (ERS)||$271,500 (3x BRS)||$2,030 – $2,180|
The above figures, taken directly from CPF Board’s website, are commonly quoted when people ask about the payouts they can expect to get.
However, given that there are three plans (Basic, Standard and Escalating) and the amount you can put into CPF LIFE is pretty flexible, the best thing to do is to estimate your own payouts.
You can easily do so with the CPF LIFE payout calculator. Try entering a range of high and low RA amounts to have a better grasp on your likely CPF LIFE payouts, and plan your finances accordingly.
Section 2: Debunking the biggest CPF LIFE myths
Myth 1: I will forfeit the remaining amount in my CPF LIFE if I die early
No, you won’t. At the point of your death, any leftover amount (whether they are unused premiums or savings in your RA) will be disbursed to your surviving family members.
If you are particular about how your estate will be distributed among your beneficiaries, please consider drawing up a will and appointing someone to be the executor of your estate.
ALSO READ: Don’t let your CPF account stand idle
Myth 2: I have to use my HDB flat to fund my CPF Life
You’re probably thinking about the ‘rule’ about pledging your HDB flat if you fail to reach the FRS ($181,000, as of 2020) by the time you reach age 55.
First, pledging your property doesn’t change the ownership status of your property in any way or shape. Pledging your flat simply means that if you sell your flat, the proceeds of the sale will be used to pay back your CPF money. In case of a loss on the sale, you do not have to top up the difference.
Second, the pledge is in place to allow you some wriggle room in handling your CPF savings. Let’s explain this with a breakdown of the amounts.
|Scenario 1: No property pledge|
|FRS as at 2020||$181,000|
|BRS as at 2020||$90.500|
|RA balance at 55||$120,000|
|Condition||RA balance is less than FRS|
|Outcome||Put in $120,000 into CPF LIFE|
|Cash withdrawal allowed||None|
Let’s say your RA balance is $120,000 at age 55, which is below the FRS. Without a property to pledge, you will have to put the entire sum of $120,000 into CPF LIFE.
However, if you pledge a property (in this case worth $100,000), the combined pledge and your RA balance comes to $220,000, which is more than the FRS.
|Scenario 2: With property pledge|
|FRS as at 2020||$181,000|
|BRS as at 2020||$90.500|
|RA balance at 55||$120,000|
|Condition||RA balance + property pledge (total $220,000) is more than FRS|
|Outcome||Put $120,000 into CPF LIFE
Put BRS of $90,500 into CPF LIFE and withdraw the excess
|Cash withdrawal allowed||$120,000 – $90,500 = $29,500|
In this case, you can opt to put only the BRS of $90,500 into CPF LIFE and withdraw the difference in cash ($120,000 – $90,500 = $29,500).
Of course, there’s nothing stopping you from still putting in all $120,000 into CPF LIFE, if you want higher monthly payouts.
Here’s a comparison in payouts between both scenarios (based on the Standard plan with payouts starting at age 65).
|Type of pledge||Amount put into CPF LIFE||Estimated monthly payout||Lump-sum cash withdrawal|
|No property pledge||$120,000||$993 – $1,095||$0|
|With property pledge||$90.500||$780 – $858||$29,500|
Myth 3: If I don’t have enough money in my CPF by 55, I have to top up using cash
No, you don’t. Not having enough money in your CPF accounts by the time you hit 55 simply means you may not be auto-included in CPF LIFE. You can still apply to buy into the annuity scheme and receive payouts for life.
Myth 4: I cannot retire before 70, because CPF LIFE payouts only start at 70
For eligible members, CPF LIFE payouts automatically commence when you reach age 70. However, if you prefer, you can choose to have your payouts start at 65.
What’s the difference? Up to 7per cent more per annum — that’s how much the CPF Board estimates you will receive if you defer your payout by 5 years.
ALSO READ: These 3 blue chip stocks are perfect for your CPF investment account
Myth 5: I cannot withdraw my CPF money at all
If you refer to our explanation above, we’ve demonstrated that with sufficient property pledge and a willingness to receive lower monthly payouts, you can still withdraw some of your CPF money after 55.
Besides that, you are allowed to make a one-time withdrawal of up to $5,000 from your RA upon turning 55.
Myth 6: CPF Life is compulsory
Given the nature of our government plans and policies, you might think CPF LIFE is compulsory. The truth is, it isn’t.
You can opt out of CPF LIFE if you are already receiving lifelong payouts from another annuity plan or pension plan. However, would opting out and going with your own private annuity plan be a good option?
If there’s one thing our government is known for, it’s how they rarely make a shoddy plan. So, when it comes to something as important as our national self-sufficiency, it means going the extra mile.
Word on the streets is that CPF LIFE provides among the best returns when it comes to annuity plans. Having good returns is important, as it means higher payouts for longer — exactly what you want for something that’s supposed to help sustain you in your golden years.
As you can tell, CPF LIFE provides up to 6per cent returns per annum. Now, more financially adept readers may scoff at this paltry figure, but remember that this is an annuity plan that auto-includes the majority of Singaporeans.
Left to our own devices, honestly, how many of us are able to realise even this level of returns in our retirement years?
But, even as the best-performing annuity plan there is, it is widely acknowledged that CPF LIFE may still be insufficient to fully fund your retirement needs. As such, it’s beneficial to try to optimise your CPF LIFE as much as possible.
Section 3: How to make CPF LIFE work harder for you
Top-up your CPF accounts (VC or RSTU)
By now you’d have realised that the more CPF savings you put into CPF LIFE, the better for your old age. So, if you want to improve the quality of your retirement life, you should know that you can contribute more money to your CPF accounts, above and beyond your regular contributions.
Both the Voluntary Contribution (VC) and Retirement Sum Top-up (RSTU) schemes are designed to help you do so. However, deposits made cannot be reversed, and there are limits to how much you can top up each year.
Defer your CPF LIFE payout start age
As we mentioned in the section on myths, deferring your payout start age can have a significant impact on the amount you receive each month. The difference is up to 7per cent more per year — in actual cash, this can be a huge difference.
Here’s a look at the difference in numbers. We’re assuming the Standard plan was chosen with an initial RA balance of $100,000.
|Payouts start at 65||Payouts start at 70|
|Monthly payout amount
(Standard plan, $100,000)
|$848 – $935||$1,123 – $1,261|
In our example, deferring your payout can give you between $275 – $326 more each month.
Having said that, start your payout at 65 if you need the money. If not, delaying it by even a year or two will give you an advantage.
Avoid lump-sum withdrawals
Another way to maximise your CPF LIFE payouts is to avoid making lump-sum withdrawals (yes, even that $5,000) from your RA balance in favour of putting it all towards CPF LIFE premiums. Doing so will result in higher payouts received.
However, if you have to meet short-term cash needs or to set up an emergency cushion, then a withdrawal is likely warranted.
When do CPF payouts start? 3 things you need to know when planning your retirement, Singapore News & Top Stories
Having an early start to planning for your retirement is key to having peace of mind in your golden years. Take the guesswork out of the equation as CPF gets you started with your retirement planning. Here are some CPF numbers you need to know.
This is the amount you can expect to receive every month if you join CPF LIFE with $272,900 in your CPF Retirement Account (RA) at the age of 65. This may seem to be a big sum of money, but with attractive CPF interest rates, you can achieve this by setting aside $181,000, the current Full Retirement Sum, at the age of 55. For higher payouts, you can top up your RA.
There are three CPF LIFE Plans: Escalating, Standard and Basic Plan. Ask yourself whether you prefer a monthly payout that increases each year to help you cope with rising prices, or a fixed budget even if it means being able to buy less as things get more expensive as the years pass. Plan ahead and build up your CPF savings to meet your retirement goals.
*Based on the CPF LIFE Standard Plan computed for a CPF member turning 55 in 2020.
You can start receiving the monthly payouts any time from the age of 65.
However, if you do not have immediate needs, you may wish to defer receiving your payouts. For every year that you defer, the payouts will increase by up to 7 per cent. This will give you up to a 35-per-cent increase in monthly payouts if you choose to start receiving them at 70.
You have until the age of 70 to start your payouts, after which they will automatically begin.
The Government helps you grow your CPF savings by paying good interest.
Singaporeans who are 55 and above earn 6 per cent on the first $30,000 of their total CPF savings, and 5 per cent on the next $30,000.
Boost your retirement savings by making small and regular top-ups to your Special Account before you turn 55, and Retirement Account afterwards.
Adding just $5 a day to your CPF savings will net you over $35,000** in 15 years with the power of compound interest.
The earlier you top up your CPF accounts, the more you will benefit.
**Computed using the base interest of 4 per cent per annum on your Special or Retirement Account.
Brought to you by
Ministry of Foreign Affairs Singapore
Who can withdraw?
1. Upon the death of a Singapore Citizen / Permanent Resident in Singapore, you need not report the death to the CPF board. They will be notified by the relevant public agency and will distribute the CPF monies accordingly.
2. If the deceased is a foreigner or Singapore Citizen / Permanent Resident residing overseas, you will need to report the death to the CPF board via the following modes:
Central Provident Fund Board
Withdrawal Schemes Department (WSD)
238B Thomson Road
#08-00 Tower B Novena Square
Or visit the CPF board at any CPF service centres
3. You can also withdraw your CPF in full if you are about to leave or have left Singapore and West Malaysia permanently with no intention to either country for employment or residence.
- If you wish to withdraw your Central Provident Fund (CPF) contributions, please contact the CPF board for the application form here.
- If your CPF withdrawal form requires your signature to be attested, please call us to shedule for an appointment. You may wish to refer to the Notarial Services section of our website, and click Attestation of Signature on Documents.
Please note that with effect from 1 April 2017, the CPF Board has stopped accepting certifications of non-original documents by overseas Notaries Public for the withdrawals of CPF monies. All certifications of non-original documents must be witnessed and/or certified by officials from Singapore Missions.
- Upon completion of the form, you will have to forward the CPF withdrawal form directly to the CPF Board.
What is CPF LIFE and how can it complement your retirement plan?
By Joanne Poh, 13 March 2020 8802
As a working adult, you should already be familiar with the CPF system, to which a portion of your salary is automatically transferred every month in order to fund your retirement and healthcare.
But did you know there is a scheme called CPF LIFE, which could potentially be another key component of your overall retirement plan? Here’s what you need to know.
What is CPF LIFE and how do I get it?
CPF LIFE is an annuity scheme that is meant to support Singaporeans and PRs in retirement.
Under the scheme, you will get monthly payouts for as long as you live. This means that if you live a particularly long life, you will not have to worry about running out of CPF savings. In fact, the potential payouts relative to how much you pay are quite attractive compared to similar annuities on the market with similarly low risk.
All Singaporeans and PRs born in 1958 and later who have $60,000 in their CPF Retirement Accounts 6 months before the age of 65 (or those born from 1 Jan 1958 to 30 Apr 1961 who have $40,000 in their Retirement Account at age 55) are automatically enrolled into CPF LIFE.
Those who are not automatically enrolled into CPF LIFE can sign up for it from the ages of 65 to 79, so long as they do so a month before they turn 80.
In order to enrol yourself in CPF LIFE, simply log into the my cpf portal using your SingPass, navigate to “My Requests” and submit an online application to join CPF LIFE. You will be prompted to select the plan of your choice.
Alternatively, you can apply in person at any CPF Service Centre with your NRIC.
What are the different CPF LIFE plans?
There are three different CPF LIFE plans for you to choose from which will affect how much you receive in monthly payouts.
- Standard Plan (default) – The Standard Plan offers higher level monthly payouts and is targeted at those who think they can live longer than their mid-eighties.
- Escalating Plan – The Escalating Plan offers lower monthly payouts at the start with a 2% increment each year. This plan is a good idea only if you think you will live a very long life well into your 90s.
- Basic Plan – The Basic Plan offers lower monthly payouts, where payouts will be reduced gradually once your combined CPF balances (including unused CPF LIFE premiums) fall below $60,000. This is ideal if you think you are likely to pass away in your early eighties or younger.
How can you maximise the utility of CPF LIFE in your retirement portfolio?
Understandably, determining which CPF LIFE plan would be ideal for you requires some guesswork, as nobody is able to predict for certain how long you will live.
To guide you in your choice, here are some tips.
- Select your plan wisely – Unless you are somewhat sure you can live beyond 95, it is not a good idea to select the Escalating Plan. The Basic Plan gives the highest payouts upfront but you may not be able to rely on it as much after the age of about 85 due to the decreasing payouts; it can nonetheless be a good option if you already have a decent retirement portfolio and are not relying heavily on CPF LIFE to fund your retirement.
- Defer your CPF LIFE monthly payout – Currently, the eligibility age to start receiving your CPF LIFE monthly payouts starts at 65. However, if you don’t need this payout urgently, you can also choose to defer your CPF LIFE monthly payout anytime from 65 to 70 years old. In return, your monthly payout will increase by up to 7% for every year of deferment.
I have CPF LIFE. Does that mean I don’t need to make any other plans for retirement?
CPF LIFE is meant to provide only a basic level of retirement payouts, and does not remove the need to plan for your own retirement.
To determine just how much you will need beyond your CPF LIFE payouts, compare the amount of payouts you will receive from CPF LIFE with the income you wish to have in retirement. Have a look at this chart to have a better idea of your CPF LIFE cash flow when you retire.
For some Singaporeans, the CPF LIFE payouts may be insufficient. Hence, it’s better to regard CPF LIFE as just one, low-risk component of a more well-rounded investment portfolio.
What are my options for supplementing my retirement income?
Other than CPF LIFE, there are many ways you can invest in order to grow your retirement income, such as the following.
- Retirement plans can help you craft your own desired retirement lifestyle with options that let you decide when you want to retire and how long you would like to receive your cash payouts.
- Investment-linked plans (ILPs) offer not just life insurance protection, but also the option to invest and to use this investment as part of retirement planning. Stocks and ETFs are also a popular way to invest. You can tailor your selection and investment strategy to suit your risk appetite.
- If you have extra cash to spare, consider buying properties as they have long-term investment potential and also yield rental income.
Are you ready to start building your retirement portfolio? Check out Income’s savings plans to see how they can give your retirement income a boost. Reach out to an Income advisor if you need more help.
This article is meant purely for informational purposes and should not be relied upon as financial advice. The precise terms, conditions and exclusions of any Income products mentioned are specified in their respective policy contracts. For customised advice to suit your specific needs, consult an Income insurance advisor.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
1. How do I know if my loved one has any CPF money and if they had made a valid nomination?
The money from the Central Provident Fund (CPF) of a person who has died will be distributed in line with the nomination they made during their lifetime.
You will need to check with the CPF Board whether the person who has died had made a valid nomination for their CPF money. If they had, the CPF Board will pay the money direct to the person or people they nominated (if those people are older than 18).
If the person who has died did not make a valid nomination, the CPF Board will send their CPF money to us, as required by law.
The CPF Board will also send us the CPF money of a person who has died if the person chosen to receive that money is under 18 years old (unless she is a widow).
2. What do I need to do for the CPF money to be distributed to me?
You will need to make an online application “Administration of CPF / Baby Bonus / Edusave / PSEA Monies” at https://eservices.mlaw.gov.sg/pto/welcome.xhtml so that we can deal with the money.
You will need to have your Singpass ready in order to access our online application form. You may apply for your Singpass at https://www.singpass.gov.sg if you do not have one.
If you are ineligible to apply for a Singpass, you may apply for a login ID and password through our website: https://eservices.mlaw.gov.sg/pto/welcome.xhtml.
3. What are the documents that need to be submitted?
Annex A (for Muslims) and Annex B (for non-Muslims) set out the list of documents we need.
For a reimbursement of funeral expenses, Annex C sets out the list of documents we need.
You may pick up a copy of the Annexes from our office or view them from our website under Deceased CPF / Estate Monies > Information.
Common types of documents we need are shown below.
- Death certificate of the person who has died (the deceased)
- Birth certificate of the deceased
- Marriage certificate of the deceased
- Decree nisi absolute (if the deceased was divorced)
- Birth certificate of beneficiary
- NRIC of beneficiary
- Death certificate of beneficiary (if the beneficiary has died)
- Marriage certificate of the deceased’s parents
- Death certificate of parents (if they have died)
- Certificate of inheritance (for Muslims only)
If the person who has died was a Muslim, you will need to apply for the Certificate of inheritance at www.syariahcourt.gov.sg.
You will be assigned a case officer after you have filed your online application. Please inform your case officer if you do not possess some of the required documents. Your case officer will advise you on what to do after you have submitted your online application.
4. Whom do I submit the documents to?
You may attach the required documents in your online submission, send via e-services or post to us at the following address:
Public Trustee’s Office
The URA Centre (East Wing)
45 Maxwell Road, #07-11
Please indicate the case reference number and NRIC of the deceased on your supporting documents. This case reference number is shown after you click the submit button of your online application.
5. What are the fees charged by the Public Trustee for the administration of un-nominated CPF money?
The fees we charge for dealing with CPF money are shown below:
|Amount of CPF Money||Charge|
|For the first $1,000||2.400%|
|For the next $9,000||1.500%|
|For the next $240,000||0.750%|
|For the next $250,000||0.450%|
|For amounts in excess of $500,000||0.300%|
These fees, which we will take from the CPF money, include GST and cannot be waived. You will have to pay a minimum fee of $15.
6. How would the Public Trustee distribute the CPF money of a non-Muslim?
If the person who died was not a Muslim, we will distribute the CPF money in line with the Intestate Succession Act. The Act states that the movable property (for example, money in a bank account) will be distributed according to the law of the country in which the person was domiciled at the time of his death.
If the person who died was domiciled in Singapore at the time of their death, we will distribute the CPF money in line with the rules of distribution in the Intestate Succession Act.
(Note: The place of domicile refers to the place where the Deceased intended his permanent home to be. It does not refer to his nationality or residence.)
7. What are the Rules of Distribution under the Intestate Succession Act (Cap. 146)?
Kindly note that these Rules of Distribution apply only to a non-Muslim Deceased domiciled in Singapore.
|Rules of Distribution (Non-Muslims)|
|Whole share to surviving spouse|
½ share to surviving spouse.
½ share to be shared equally among issue and, where they have already died, their children.
Parents are not entitled.
|Whole share to be shared equally among issue and, where they have already died, their children. Parents are not entitled.|
½ share to surviving spouse.
½ share to be shared equally among surviving parents.
|Whole share to be shared equally among surviving parents.|
|Whole share to be shared equally among deceased’s siblings and, where they have already died, their children.|
No Siblings and their children
|Whole share to be shared equally among surviving grandparents.|
Uncles and Aunts
No Siblings and their children
|Whole share to be shared equally among surviving uncles and aunts.|
*Issue means a child (legitimate or legally adopted) and the descendants of a deceased’s child. Illegitimate children and transferred children are NOT entitled under the Intestacy Rules.
8. How would the Public Trustee distribute the CPF money of a Muslim?
If the person who died was a Muslim, we will distribute the money in line with Section 112 of the Administration of Muslim Law Act according to the school of the Muslim law they observed.
The Certificate of Inheritance issued by Syariah Court will list down the beneficiaries and their share of inheritance.
9. How can I claim a reimbursement of funeral expenses out of the Deceased’s CPF money?
You can indicate the amount of funeral expenses which you would like to claim from the Deceased’s un-nominated CPF money in the online application form.
Please note that the maximum amount of funeral reimbursement claim allowable for a Deceased is $6,000.
Only a beneficiary is eligible to claim a reimbursement of funeral expenses from the Deceased’s un-nominated CPF money.
You will also have to submit the following supporting documents to us:
a) NRIC/Passport/Social Security Card (for US Nationals)/Election Card (for Indian Nationals) of Claimant and Applicant who submitted the Online Application Form
b) Death Certificate of Deceased
c) If Claimant is:
- Spouse of Deceased – Marriage Certificate
- Child of Deceased – Birth Certificate of Child and Marriage Certificate of Parents
- Parent of Deceased – Birth Certificate of Deceased and Marriage Certificate of Parents
- Sibling of Deceased – Birth Certificate of Deceased and Birth Certificate of Sibling
d) Declaration Form (CPF monies) for funeral expenses.
e) Payments will be made to the Claimant via PayNow (which has to be registered with your NRIC) or Direct Credit to the bank account. For Direct Credit, you will need to submit a copy of the front page of the bank passbook or bank statement. For a payment request via Direct Credit to a third party bank account, both you and the account holder(s) must execute the indemnity form (Form 15) which is available at our website. For the other non-electronic modes of payment, you will bear all the charges imposed by the bank(s) which will be deducted directly from the inheritance.
f) Relevant receipts incurred for funeral expenses (not compulsory)
10. When will the CPF money be paid to me?
As a general rule, we will distribute the money within 4 weeks from the date of receipt of the full set of documentation from the beneficiaries.
Nominated CPF Money
1. The deceased had nominated his CPF money to a person (i.e. nominee) who has passed on. What should I do?
If CPF money was nominated in favour of a person ( “the nominee”) who has passed on, the money will form part of the estate of the nominee, if the nominee had passed on after the CPF member. If you are a next-of-kin of the nominee, you may apply to the Public Trustee to administer the estate of the deceased nominee if it is a small-value estate.
If the deceased nominee’s estate does not qualify for administration by the Public Trustee, you will need to apply to court for Letters of Administration or Grant of Probate to deal with the nominee’s estate, including the CPF money payable to the nominee. If you qualify for legal aid, you may apply to the Legal Aid Bureau for help in getting Letters of Administration. If you do not qualify for legal aid, you will need to hire a lawyer. Where the Public Trustee does not act for the deceased nominee’s estate, the CPF money payable to the nominee will be paid to the administrator of their estate or the executor of their will.
Please refer to our online FAQ under Estate (Other Assets) on the situations where the Public Trustee would be able to assist to administer an estate, and on how to make an online application to the Public Trustee for the administration of a deceased estate.
2. What fees do you charge for holding nominated CPF money in trust for a minor?
The fees we charge for holding nominated CPF money in trust for a minor are shown below.
|Amount of CPF Money||Charge|
|For the first $1,000||2.400%|
|For the next $9,000||1.500%|
|For the next $240,000||0.750%|
|For the next $250,000||0.450%|
|For amounts over $500,000||0.300%|
These are one-time fees, which we will take from the nominated CPF money. They include GST and cannot be waived.
The money held in trust for the minor is invested by the Public Trustee according to law. The investment earns interest for the minor from year to year. Whenever interest is to be paid to the minor, a fee is charged on the amount of the interest. The net interest amount (less the fee) is paid into the minor’s trust fund. The fee charged on the interest amount is as shown below.
|Amount of Interest Earned||Charge|
|For the first $1,000||5.50%|
|For the next $1,000||4.50%|
|For the next $1,000||3.50%|
|For amounts in excess of $3,000||2.25%|
Online Submission of Application
1. I need someone to assist me to submit the online application but I do not want to engage the e-Helper’s service
You may wish to get a family member or a trusted friend to assist you in completing our online application form.
2. We have notified CPF Board of the Deceased’s death last week and were told that the Deceased’s un-nominated CPF money will be forwarded to the Public Trustee for administration. We tried to submit an online application for the Public Trustee to administer the Deceased’s un-nominated CPF money. However, your system showed that there was no un-nominated CPF money for administration. What is going on?
Upon receiving notification of the death of the CPF member, the CPF Board typically requires 4 to 6 weeks to remit the un-nominated CPF money to us for administration.
You will only be able to submit an online application for the administration of the Deceased’s un-nominated CPF money after we have received the money from the CPF Board.
Once we have received the money from the CPF Board, we will write to the person who had notified the CPF Board of the death of the CPF member, to make an online application to us for the administration of the Deceased’s un-nominated CPF money.
With effect from 5 Mar 2018, all payments will be made electronically.90,000 Enabling CPF in Marklogic – CodeRoad
I wanted to understand the impact of enabling CPF-Content Processing Framework on Marklogic 4.2.9 server. We have a 3TB production DB and are looking at various content enrichment and content removal tasks that require multiple steps. I’ve worked on creating CFP pipelines in previous projects, but in my current project, DB currently has a CPF diabled. I would like to understand when / if we enable CPF on this DB, what will be the impact on one.Marklogic memory usage 2. Disk space 3. Performance in everything 4. IO, etc. The pipelines we are trying to create will affect everything / any document that exists in the DB.
Thank you for your help !!!marklogic
Share Source Harry 09 January 2013 at 16:44
How to call a CPF action module explicitly
I have a document in its original state (http: // marklogic.com / states / initial) and I configured my CPF pipeline like this:
Is it possible to import other xquery modules into marklogic CPF action module?
I am using MarkLogic CPF framework. When a document is inserted into a specific collection, the XQuery module will be called, say create-doc.xqy. I configured the domain so that all xquery modules in the documents database are in the path / create / xquery / modules / *.xqy The path for create-doc.xqy will be …
I think @mblakele covers the meme and disk impact pretty well. But I would like to add a few words about how CPF works. This can help you understand how CPF affects overall performance.The
CPF relies on the MarkLogic escapement. Any insertion, update and deletion of a document will activate CPF processing with a transition to the initial status.Each action triggers an additional status transition. Each state transition involves executing a post-commit trigger that calls some internal CPF code that xdmp: invoke the actual action module. Thus, if you have one transaction inserting 100 documents, this will result in 100 post-commit (commit) tasks being queued to the task server to begin with. And I’m afraid that xdmp: invokes will cause another 100 tasks to be queued.This number is multiplied by at least three if the documents go through three states on average.
In other words, CPF has a big impact on the task server’s queue. The extent to which this actually affects performance may depend on how heavily you are already using the Task Server. Any non-CPF task on the task server will be held by CPF tasks. On the other hand, if you are not actually using the task server at the moment, you may not notice this.Application server requests run on an application server queue, which is processed separately.
Another thing is that CPF processes the document individually. This is ideal for slow, steady background processing. But if you want speed, you’re better off creating transactions for batches of documents.
Share grtjn 09 January 2013 at 20:51
If you already have
maintain-last-modified enabled, the impact on memory and disk space will be minimal.If
maintain-last-modified was disabled, CPF will create new property fragments when documents are touched. From this, you can expect to use additional memory and disk space, probably around 100-B of memory and 1-kB of disk space per document. Additional snippets can also affect I / O and overall performance, but predicting their size will require a deeper understanding of the application and its requests.
Share mblakele 09 January 2013 at 20:04
Why is slow insertion of documents into the CPF database included in MarkLogic?
I have a MarkLogic 7 server that I am trying to insert documents into.When I insert 10,000 documents into a database that does not have CPF installed, it takes 2.18 seconds as shown below: …
Which node in the MarkLogic cluster is running the CPF action module?
I have a MArkLogic cluster with 3 nodes: Node 1 Node 2 Node 3 In this clustered environment, I have a database test that has one forest test-01. Main host for forest test-01 …
Unable to create MarkLogic scheduled tasks from CPF action module
I have a MarkLogic database with Content Processing Framework (CPF) installed and the CPF pipeline is such that: Whenever a document is inserted, it grabs the due date value from…
How to call the CPF action module explicitly
I have a document in its original state (http://marklogic.com/states/initial) and I configured my CPF pipeline like this:
Can other xquery modules be imported into the marklogic CPF action module?
I am using MarkLogic CPF framework. When a document is inserted into a specific collection, the XQuery module will be called, say create-doc.xqy. I configured the domain so that all xquery modules in the database…
Marklogic: Disable Content Processing (CPF) for large updates
In my application, documents updated or uploaded to MarkLogic are submitted through a document collection based content processing framework. This is causing an extensive workload including …
MarkLogic CPF does not take action to delete document
I am using MarkLogic CPF. I have configured CPF for the following 3 states http://marklogic.com/states/initial http: // marklogic.com / states / updated http://marklogic.com/states/deleted Everything works …
Marklogic CPF Strategy
For the operation of inserting / updating a document in a collection, I have included CPF. I want to make sure that in my CPF, if I change another document, I don’t want it to be added to the CPF queue. How can I do this …
xdmp: log error when using CPF (MarkLogic)
I tried to follow the Marklogic tutorial to create our own CPF.I pretty much copied and pasted all the codes and most of the functions worked besides xdmp: log. CPF will finish …
MarkLogic CPF – pipeline status module
Le CPF is fed regarding the number of hours worked by an employee as well as any contributions.It is administered externally by the Caisse des Dépôts et des Consignations (CDC).
Also, how are CPF hours accumulated?Exemples
: Vous are a full or part-time agent and have 144 hours you, so CPF as of January 1, 2020 Vous consume 20 hours during 2020 to supply 12 hours for 2020 (i.e. 144 – 20 = 124 hours and 124 + 12 = 136 hours ).
How do I use my personal training account?
How do I use my Personal Training Account (CPF)? In , Personal Training Account (CPF) has been mobilized by the holder or his legal representative so that he can, on his own initiative, follow education . account can be mobilized only with the explicit consent of its holder or his legal representative.
How to unblock CPF?
Choose the right training: enter your professional field and postcode of your place of work, request a quote.Create your training file: In your secure personal space, you can consent to the use of your CPF watch.
How to get CPF training?
To fund the action education professional with its watch DIF / CPF you need Creer file from education from your personal account on the website moncompteformation.gouv.fr. If this is your first time logging in, you must first activate your account.
How do I get a CPF watch?
The rule of thumb is that a person working on constant CDI accumulates 24 hours of training per year, for a total of 120 hours. hours . Then, in the same case, we accumulate 12 training hours to reach the ceiling of 150. hours .
How to get paid for CPF hours?
This is an impossible step. At CPF is a non-transferable individual right.So there is no way to give his CPF watch.
How does CPF work?
Personal Study Area ( CPF ) allows any active person, upon entering the job market and before the date on which she claims her retirement rights, to receive training rights that can be used throughout her professional life.
What is the tuition fee?
If education occurs during working hours, employee remuneration is retained.If education takes place outside working hours, the supplement education is equal to 50% of remuneration net certificate is paid by the employer.
Which status should I choose?
When you have a personal heritage that needs to be protected, it is preferable to rely on legal statute , which allows you to limit your liability. … The main forms of legal that allow you to limit your liability are SARL (and EURL), SAS (and SASU), EIRL and SA.
What business is for a woman?
- Buy a franchise.
- Deductible without payment.
- Project idea.
- Idea about business United States.
- Open the laundry.
- Open a gym.
- open a reference company a house.
- Franchise sale.
What income while studying?
One Education is considered incomplete if its duration is less than 30 hours per week.For every hour education , you receive a remuneration corresponding to the amount of monthly remuneration for education full-time education divided by a coefficient of 151.67.
Who is eligible for a PFI?
Which employee can benefit from PFI ? For any job seeker: unemployed person registered with Forem. no work in the same position for more than 20 days in your company within three months here precede the contract for integration training.
What is the remuneration during training?
If education occurs coulomb working hours, employee remuneration is retained. If education takes place outside working hours, the supplement education is equal to 50% of remuneration net certificate is paid by the employer.
What is the difference between study and internship?
The first difference between and two is their duration.At , training is provided to permanent employees of the company, whether existing or new employees. After completing step , you do not need to work for the company.
How to benefit from Aref?
In order for to benefit from AREF , the insured must: Receive compensation in accordance with the ARE, which implies that the conditions for granting the ARE are met. Take the course prescribed by Pôle emploi.
Which training courses are eligible for CPF?
Range training courses meeting the criteria CPF :
state diploma (for example, CAP AEPE, certificate and other professional title.VAE (Proof of Experience Acquired) to convert their experience into a diploma, certificate or title recognized by professionals.
What business to open without a diploma?
However, in 2018, some craft-related professions are available. without diploma compulsory:
- Catering as a self-service entrepreneur;
- Activities for the creation of objects;
- Professions such as self-employed photographer, freelance social photographer or illustrator.
What kind of work for a woman?
Top 10 business carried out feminine
- 1 Child Assistant – Personal Assistant:…
- 2 Secretary – Medical Secretary:…
- 3 Domestic worker:…
- 4 Guardian:…
- 5 Nurse – Sage Femme : …
- 6 Secretary of Accounting: …
- 7 Administrative Agent – Administrative Assistant:
For more articles, visit our Guide section and don’t forget to share the article!90,000 Partnership Framework Strategy 2019-2023
5 key facts
Labor market. Tajikistan is the country with the youngest population in Central Asia: 35% of the population is young people aged 14 to 30. Every year about 130,000 young people enter the labor market, but many face limited economic opportunities. More than 1 in 3 young people, including 9 in 10 young women, are in the unemployed category, that is, they do not work or study.
Migration. Almost every tenth citizen of Tajikistan is in labor migration, mainly on the territory of the Russian Federation. More than a quarter of households report that at least one family member is in labor migration. In 2018, remittances accounted for up to 31% of the country’s GDP.
Private sector . The private sector provides only 15% of the total investment (3-4% of GDP), occupies 30% of industrial output and provides about 13% of formal employment.Tajikistan is ranked 126th out of 190 countries in the 2019 Doing Business Report and 79th out of 137 countries in the World Economic Forum’s Global Competitiveness Index 2017-2018.
Human capital. Currently, the overall Human Capital Index (HCI) in Tajikistan is 0.53, which is below the regional average, but above the average for the group of countries with a similar income level. The HCI for girls is lower than for boys.
Environment. Tajikistan is extremely vulnerable to the risks of climate change and natural disasters. From 1992 to 2016, natural disaster damage to the country amounted to about US $ 1.8 billion and nearly 7 million people were affected to varying degrees.
Click to open the full infographic .
Country Partnership Strategy 2019-23 aims to help Tajikistan take advantage of new regional opportunities, transform its economy and improve the living conditions of its citizens.
New commercial and economic opportunities are opening up for Tajikistan in light of the opening of the border with Uzbekistan, improved links with the People’s Republic of China, and increased demand for goods from Tajikistan in Pakistan and Afghanistan.
These factors present Tajikistan with a historic opportunity to reconnect with the heritage of the ancient Silk Road, at the intersection of Central, East and South Asia, and benefit from the country’s rich hydropower resources.
pressure filter CPF-280 UV-C – Greenland
Do you want to buy a high-quality and multifunctional item for your decorative reservoir? Then let’s take a look at the incredibly useful garden device – the pond pressure filter, CPF-280 series!
What is a filter?
Pond pressure filter CPF-280 is a powerful and reliable pond equipment equipped with an ultraviolet sterilizer. The characteristics of the device are as follows:
-Pump capacity is (recommended): 7500-11500 liters / hour
– Power of the ultraviolet lamp: 11 W.
– Nice and long cable, 5 meters long.
-The size of the case itself is: 380x380x530 mm.
-It has proven itself perfectly in a pond without fish, with a volume of 9000 liters / With fish: 4500 liters.
-With a one-year warranty.
What are its functions and purpose?
The filter should be installed directly near the decorative reservoir. Device
effectively purifies and filters pond water up to 9000 liters, and with brocade carp or any other fish – up to 4000 liters.During the operation of the filter, not only mechanical cleaning of the decorative pond is carried out, but also biological. The big advantage of this filter model is that it is already sold with a built-in ultraviolet lamp, which is extremely useful for any pond in the garden. You do not have to purchase an additional UV lamp and think about how to install it in the device.
– Inside the box we will find detailed instructions in two languages, English and Chinese.
-Directly the filter itself, which has a fairly large and sturdy body.
-It should be noted right away that hoses do not come with this filter model – this is a common phenomenon among equipment of this kind, and not only of this manufacturer, so there is no need to worry about this. All necessary hoses are purchased separately.
-Next, you will find fittings for branch pipes, on which the hoses will then be put on.
Near the filter, you can find a volumetric square thing – this is a power supply unit for an ultraviolet lamp, which is already included in the kit and is built into the body.The pressure filter housing itself is made of sufficiently durable and high-quality plastic. The nozzles on the filter cover can be rotated, thereby setting the most convenient direction for future hoses, but do not get carried away with this. We recommend that you set a certain direction and do not return to this again, so as not to spoil the rubber gaskets that are inserted inside the case.
This pressure filter, like other models proper, is often dug into the ground near a reservoir.How deep should the instrument be placed? You don’t have to rack your brains here, it will be easiest for you to navigate along the special ribs on the pressure filter housing, by which you can intuitively understand to what mark the device should be injected. It is not worth driving it all the way to the very top of the head, as it will be difficult for you to maintain the filter in the future. Remember that the filter should be installed where there will be free and open access to it.
The retaining ring on the filter holds the housing firmly and is also made of plastic.It is also not solid, it can be unbendable. Despite the fact that the material from which the ring is made is very durable and reliable, you still should not abuse these qualities. Try not to break it.
There is a clogging indicator on the pressure filter cover, which will inform you in time that it is time to take care of the filter. There are two colors inside the indicator – green and orange, respectively, green indicates that the filter is clean, and orange indicates that the device is dirty.If you need to check the clogging indicator, the washer can be unscrewed and cleaned, but be prepared for the parts to fly out, since the clogging indicator is equipped with a special spring. We recommend disassembling the case only for experienced users.
We open the pressure pump. What awaits us inside? The head of the body is protected by an O-ring that runs around the perimeter. You can feel and feel the rubber coating. It, like any sealing ring (gasket), must be looked after periodically.How? The gasket should be lubricated with a special silicone grease, which can be purchased for any pond or aquarium equipment.
The filtering part of the pressure filter consists of special sponges, with which one very important nuance is associated. They are not pulled out by force: they do not need to be dragged, pressed, and so on. Removal of the jaws is carried out using a transparent propeller. You will find it inside if you look into the inside of the appliance where the sponges are located. It is only enough to unscrew it, since it is on the thread, remove it from the filter, and then remove the sponges cassette-by-cassette.
The sponges themselves can also be removed from the plastic cassette, but this is best done only by experienced users. On the plastic cassette you will find hooks around the edges, remove them and the sponge can be easily removed from its holder. After all the manipulations, the removed sponge can be easily washed from dirt. By the way, the foam rubber in this pressure filter is more than high quality.
Reassemble the pressure filter only in the same order in which you disassembled it. And pay attention to the cassettes on which the sponges are worn.One side of the plastic is smooth, and the other consists of grooves. Place the cassettes one after the other, so that the smooth side is at the top (we collect the filter upside down, the lid of the device lies on the surface, sponges up, it turns out that the upper smooth part of the cassette rests against the bottom of the filter).
The ultraviolet lamp in the pressure filter is located in the lid of the device itself, and it is best to get to it not from inside the case (as if we had removed the sponges and began to unscrew the internal bolts), but directly from above.You will need a screwdriver to loosen the top bolts on the top of the pressure filter and then carefully remove the UV lamp.
It is not recommended to turn on the disassembled UV lamp as you may damage your eyesight. In order not to constantly disassemble and assemble the UV lamp in order to monitor its good condition, the manufacturers have created a special porthole, looking into which, you can make sure whether the UV lamp is working or not.It is recommended to replace the UV lamp with a new one every season.
Do not forget to look at the instructions
The instructions that come with the pressure filter contain a huge amount of useful recommendations and accurate data on this model of the device. If you have obvious doubts and questions, you can always contact her.
Remember that the numbers given by the manufacturer, for example, 12 thousand liters per hour, or 10 thousand liters per hour, are idealized.The data that is available in the product description should be used not as the last truth, but as a guideline. Always rely more on mathematical conclusions, calculations, and not on your own desire, so that the pressure filter works the way you want, and not how it really can.
Any pressure filter, as the name implies, accepts a stream of water under strong pressure. Thus, if you exaggerate its throughput and put more pressure on it than necessary, then the device can be easily damaged.Damage can be anywhere, from pipes, broken hoses, to the rupture of the canister itself (pressure filter housing).
Finally, take care of the safe positioning of the pressure filter power supply so that it does not get into the water directly. Also protect the pressure filter from direct and intense sunlight, so that neither the device itself nor the power supply unit overheats. Before purchasing a pressure filter itself, it is best to consult with experienced specialists who have already dealt with such a technique.
How to Convert CPF to PDF Using PDF Printer
This page explains how you can easily convert a .cpf file to a PDF using free and easy to use tools from PDF24. The described conversion method is free and simple. PDF24 Creator installs a PDF printer and you can print your .cpf file on this printer to convert the file to PDF.
What is needed to convert a CPF file to a PDF file or how you can create a PDF version of your CPF file
Files of the CPF type or files with the extension.cpf can be easily converted to PDF using a PDF printer.
A PDF printer is a virtual printer that can be used just like any other printer. The difference from a regular printer is that a PDF printer creates PDF files. You are not printing on a physical sheet of paper. The PDF printer prints the contents of the original file to a PDF file.
Thus, you can create a PDF version of any file that you can print. Just open the file with the reader, click the print button, select the virtual PDF printer and click the “Print” button.If you have a reader for the CPF file, and if the reader can print the file, then you can convert the file to a PDF.
Free and easy to use PDF24 PDF printer can be downloaded from this page. Just click on the download button to the right of this article to download the PDF24 Creator. Install this software. After installation, you will have a new printing device registered with Windows that you can use to create PDF files from your.cpf file or convert any other printable file to PDF.This is how it works:
- Install PDF24 Creator
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- PDF24 Wizard opens a window where you can save a new file as PDF, send it by email, fax or edit it.
Learn more about PDF24 Creator
More detailed information about.cpf files, which will help you find a suitable reader, so that you can print files of this type on a PDF printer.
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