Is it possible to use CPF for forex and in return get cash?
June 5, 2011
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Tags: Cash, CPF, Forex, Return
This entry was posted on June 5, 2011 at 11:21 am and is filed under 外汇. You can follow any responses to this entry through the RSS 2.0 feed.
bad news for you my friend…. all investments made using CPF has to stay in your CPF. from CPF’s website…”As CPFIS is meant to enhance your retirement nest egg, profit withdrawal is not allowed.”
however, you could consider using the profits to reduce a housing loan, or you could reinvest it and make your investments grow faster.
you could also use it to buy a hospitalisation insurance plan to cover hospitalisation expenses for you or a family member. if (God forbid) something happens, having the insurance coverage will allow you to reduce the cash required to settle a hospitalisation bill.
hope this helps :O)
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