Invest With CPF

Simplify your CPF investment journey with MoneyOwl.

Licensed by

Monetary Authority of Singapore

Grow Your Retirement Wealth With CPF

Your CPF forms the foundation of your retirement income – the more you can accumulate, the more options you have to live the life you desire. Your CPF Ordinary Account (OA) savings earn a 2.5% p.a. risk-free interest.

Suppose you have excess CPF OA monies, a long time horizon and the ability to stay invested. In such a case, you could consider investing in a low-cost, globally diversified portfolio to potentially double your balance in 20 years.

Enrich your retirement through a fuss-free process co-created by MoneyOwl. Our CPF investment solution consists of adviser retrocession-free share classes, without the hassle of waiting for trailer fee rebates.

If you would like to capitalise on the global markets to grow your CPF savings, but lack the time or expertise to sift through the multiple options available, we have the right solution for you.

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Why Invest With Your CPF Through MoneyOwl?

Grow your CPF savings with confidence and a sense of security, supported by MoneyOwl’s expert guidance on global markets.

Invest Digitally on a Single Platform

Manage your entire investment portfolio in one place, including cash and SRS investments made through MoneyOwl.

Zero Sales Charges or Hidden Fees

Engage our CPF investment services with no platform or trailer fees required. Plus, enjoy a promotional rate of 0% on advisory fees in 2022.

Simplified and Reliable Portfolios

Our stringent fund curation process will ensure you acquire a stable portfolio with an excellent track record on returns.

Holistic and Honest Advice

Despite its advantages, CPF investment may not be right for everyone. MoneyOwl advisers will be transparent about your options and recommend suitable solutions for your needs.

Are You Prepared to Start Investing With CPF?

We recommend that you invest your CPF OA only if:

How Does Investing With CPF Work?

Invest your CPF monies through MoneyOwl in three simple steps.

1

Fulfil the CPF Investment Prerequisites

a. Set up a CPF Investment Account (CPFIA) with one of the three local agent banks.

b. Pass the Customer Knowledge Assessment (CKA), a regulatory requirement to ensure that you understand all features and risks of CPF investment.

2

Set Up Your MoneyOwl and MoneyOwl Investment Accounts

Use SingPass to create your investment account within 10 minutes, or simply log in if you already have an existing account.

3

Choose Your CPF Portfolio

We’ll assign you a suitable CPF portfolio based on your ability and willingness to take risks.

Selecting Your CPF Portfolio

There are three portfolio types available for CPF investment, depending on your risk appetite. Each portfolio has different strategic asset allocations across equity and bond funds.

  Allocation to Annualised Historical Return* Annualised Std Dev of Portfolio Total Expense Ratio
Equities Bonds 5-year 7-year 10-year
CPF Balanced 60% 40% 7.74% 7.17% 8.31% 7.89% 0.40%
CPF Growth 80% 20% 9.58% 8.68% 9.99% 10.29% 0.41%
CPF Equity 100% 0% 11.36% 10.15% 11.64% 12.70% 0.42%
The table above shows the annualised historical returns of our CPF portfolios comprising of LionGlobal Infinity Global Stock Index Fund (Equities) and UOBAM United SGD Fund (Bonds). These rates are based on the 5, 7 and 10-year annualised return from January 2012 to December 2021. Actual investor performance has and will vary depending on the time of the initial investment, amount and frequency of contributions and intra-period allocation charges. Past performance is not indicative of future performance.

For planning purposes, we will be more conservative than the historical returns reflected above.
The following annualised rates are applied to each portfolio when making projections of your invested funds:

Balanced

4.81%

Growth

5.03%

Equity

5.19%

These rates are based on the 15-year rolling return from February 2004 to December 2021, adjusted for the impact of retrocessions.

What’s in Our CPF Portfolios?

Our CPF portfolios combine two funds for the best probability of a successful investment experience.

LionGlobal Infinity Global Stock Index Fund Share Class C

Monitors the performance of the global stock markets through investment as a feeder fund in the Vanguard Global Stock Index Fund.

The Vanguard Global Stock Index Fund employs a “passive management” – or indexing – investment strategy designed to track the performance of the MSCI World Free Index.

It invests in all or a representative sample of the securities that make up the MSCI World Free Index, holding each stock in approximate proportion to its weighting in the MSCI World Free Index. The index represents more than 1,500 large and mid-sized company stocks in developed markets.

UOBAM United SGD Fund Share Class D

Substantially invests all its assets in the global money market and short-term interest-bearing debt instruments to enhance yields over the Singapore dollar deposits.

As your CPF monies are already invested substantially in the Singapore government, MoneyOwl has chosen a low-risk and global investment-grade bond fund for diversification, with a long-term expected return that’s at least similar to that of the CPF OA.

The United SGD Fund has an extensive positive track record of return versus risk among its peers available for CPFIS.

The CPF share classes for the above funds were co-created by MoneyOwl and the fund managers. The United SGD Fund’s CPF share class is exclusive to MoneyOwl till the end of 2022.

At least twice a year, MoneyOwl may, at our discretion, rebalance your portfolios back to their original strategic asset allocation or whenever significant deviations occur.

Frequently Asked Questions

Investing your CPF is not for everyone and should be a carefully considered decision because your CPF OA savings earn a risk-free interest of 2.5% p.a. even if you do not do anything.

We recommend that you consider invest your CPF OA savings only if

  • you have a long investment time horizon of at least 10 years
  • you have the ability and willingness to stay invested through mid-level fluctuations (in a balanced portfolio with 60% equities and 40% bonds)
  • you have set aside CPF OA monies that you may potentially use for housing purchases or children’s education or as an emergency mortgage-payment buffer should you not have income for about 6 months.

These are important considerations because you do not want to have to liquidate your CPF OA investments prematurely amidst short-term market volatility. We also ask you to consider if you would prefer to transfer your CPF OA savings to you or your family’s Special Account to build up retirement savings, provided you have not hit the necessary limits and are comfortable with this being an irreversible transfer.

In short, invest your CPF with the long term in mind and only with savings that you are quite confident you do not need to use within a short time frame. This will help you to achieve a positive investment experience to grow your retirement nest egg. A larger CPF balance will help you secure a higher CPF LIFE payout from the age of 65.

Step 1: Open your CPF Investment Account (CPFIA) with any of the 3 local banks online, you will be required by the bank to complete the CPFIS Self-Awareness Questionnaire. (For clients who already have a CPFIA, please proceed to step 2)

DBS   : For existing DBS/ POSB customer, you may apply your CPF Investment Account here.

OCBC : Open your CPF Investment Account here.

UOB   : Open your CPF Investment Account here.

*Please note that you can only maintain one CPF Investment Account at any point of time.

Step 2: Login to your MoneyOwl account and start investing with your CPF OA monies by simply selecting CPF OA as your source of funds when you create your investment portfolio. We will then deduct the funds from your CPF OA to fund your investment. Be sure that your CPF OA has sufficient amount for the deduction to go through. as there will be a charge of $5 by your Agent bank if there are insufficient funds in your CPF OA to process the buy order. We recommend leaving a buffer of $30 of your CPF Investible Amount for the deduction of any agent bank fees.

Step 3: Complete the investment pre-requisites:

  • Complete your Customer Knowledge Assessment (CKA), and
  • Fill in your CPF Investment Account details

Step 4: Follow the on-screen instructions to create your CPF Portfolio
How do I get my CPF Investment Account Number?
Method 1:

  • Login to your CPF account here or through CPF Mobile App via Singpass
  • Under “my cpf”> Under “My dashboards” > Select “Investment”> Scroll down to Account details> Ordinary Account
  • CPF Mobile App: Click on top left menu > Go to your “Investment”> Scroll down then you will see CPF Investment Account Details

Method 2:
Login to your Internet Banking to check for your CPFIA number.
Where can I find my CPF OA investible amount?

  • Login to your CPF account here or through CPF Mobile App via Singpass
  • Under “my cpf”> Under “My dashboards”> Select “Investment”> Scroll down to Account details> Ordinary Account> Amount available for professionally managed products

The amount available for professionally managed products under your CPF account will be your CPF OA investible amount. However, we recommend leaving a buffer of $30 of your CPF Investible Amount for the deduction of any agent bank fees.
For example, if your CPF OA investible amount is $50,000, we recommend you to invest up to $49,970, leaving a buffer of $30 of your CPF investible amount to pay for any agent bank fees. The agent bank fees will be charge on top of your buy order amount.

CPF Mobile App: Click on the top left menu> Go to your “investment”> Professionally Managed Products

There are three portfolios available for CPF investing based on your risk appetite. The portfolios have different strategic asset allocation across the equity and bond fund. Our CPF portfolios are made up of two underlying funds, namely

  1. Equity: LionGlobal Infinity Global Stock Index Fund Share Class C
  2. Fixed Income: UOBAM United SGD Fund Share Class D

We have chosen these two funds for our CPF portfolios as they combine well to help you achieve the best probability of a successful investment experience, according to your risk, ability and willingness to take risk. We know from decades of data that “active” fund management has had a poor record in equity markets. A much more reliable way to capture equity returns is to invest passively or systematically in a globally diversified, market-based fund, and to combine this with a bond portfolio where there is a need to dampen portfolio volatility.

LionGlobal Infinity Global Stock Index Fund fits the criteria of a globally diversified indexed equity fund which offers market-based long term average returns. This unit trust “wraps” a passively managed Vanguard Global Stock Index Fund. It tracks closely to the MSCI World Index, investing in more than 1,500 large and mid-sized company stocks in developed markets.

The United SGD Fund invests substantially all its assets in global money market and short- term interest-bearing debt instruments with the objective of achieving a yield enhancement over the Singapore dollar deposits. As your CPF monies is already invested substantially in the Singapore government, MoneyOwl has chosen a low-risk, global bond fund instead, for diversification, with a long-term expected return at least similar to that of the CPF OA. The United SGD Fund has a good track record in terms of return versus risk among its peers in CPFIS and has  a long history, substantial assets and a low TER for its Share Class D.

The two funds’ CPF share classes were co-created by MoneyOwl and the fund managers.

The TER for the underlying funds are as follows and this is earned directly by the fund manager –

LionGlobal Infinity Global Stock Index Fund Share Class C 0.42% p.a.
UOBAM United SGD Fund Share Class D 0.38% p.a.

The TER for MoneyOwl CPF portfolios are as follows –

Balanced 0.40% p.a.
Growth 0.41% p.a.
Equity 0.42% p.a.

These fund level expenses are not deducted from units but are integrated into the fund: their impact is incorporated into the NAV of the fund and thus reflected in fund performance.

MoneyOwl had co-created these share classes with the fund managers – and they are the first unit trusts under CPFIS to be adviser retrocession-free, which means that is has no hidden trailer commissions to advisers. Investors also do not need to manage troublesome trailer fee rebates, which are ultimately subject to an advisory firm’s business strategy. We hope to change the game on CPFIS investing by hard-wiring retrocession-free funds so investors can invest with low-cost yet high-quality funds in the most convenient way.

The fees payable are listed below:

  • 0% annual advisory fee in 2022. Thereafter annual advisory fee of 0.4% p.a.* to MoneyOwl which will be deducted from units every quarter (pro-rated by days invested).
  • Agent bank fees charged on a per quarter and per transaction basis. Do refer to your agent bank for information on their charges.

Apart from this, there are no other charges. There is no sales charge for investing with MoneyOwl and no redemption charges. Furthermore, MoneyOwl will absorb the platform fee charged by iFast Financial Services, which provides custodial and platform services.

* This excludes annual fund-level fees of 0.40% - 0.42% p.a. which are factored into the price of the fund.

Recommended Next Steps

Ready to put your CPF monies to work and secure more funds for your retirement? Start investing now! If you have further questions about investing with CPF, browse our FAQ page or leave us your enquiry below.

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