CPF SMRA

SMRA = Special, Medisave, Retirement Account.

• With effect from 1 Jan 2008, SMRA Interest Rate = 10 Yr SGS Rate + 1%.
• A floor rate of 4% applies from 1 Jan 2008 to 31 Dec 2009 (2 years).
• The floor rate will be 2.5% for all CPF accounts from 2010 onwards.

In addition with effect from 1 Apr 2008, the following applies:

• SMRA = CPF(O) + CPF(S,M)
• $20K in CPF(O) attracts 3.5% interests, and cannot be invested.
• $40K in CPF(S,M) attracts 5% interests, and also cannot be invested.