Some of these discoveries are featured in our self awareness test. CPF Investment Scheme – Introduction of CPFIS Self-Awareness Questionnaire (SAQ) Under enhancements announced by the government in March 2018, the CPF Board will be introducing a Self-Awareness Questionnaire (SAQ) as part of the process in opening CPFIS accounts from 1st October 2018. In a poll conducted on behalf of the CPF Advisory Panel, more than half of the respondents who were investing their CPF savings indicated that they had limited investment knowledge. Under CPFIS, you have some access to your CPF savings for investment purposes with a few caveats. notice The SAQ is to help CPF members decide whether CPFIS is suitable for them by providing them with feedback on their financial knowledge. Special Account before; and/or (3) completed the Self-Awareness Questionnaire. One new requirement I learnt was that from 1 October 2018, new CPFIS investors need to complete the CPF Self-Awareness Questionnaire (SAQ) before they can use their CPF funds to invest. Do you have any other feedback regarding our POEMS website. How satisfied are you with our POEMS website? If the above declaration is found to be false, I understand and agree that CPF Board will reject the withdrawal of monies from my Ordinary or Special account, as the Board thinks fit. Whereas savings put in CPF-OA and CPF-SA generate returns of 2.5 per cent p.a and 4 per cent p.a. Besides lowering the costs of investing, a new self-awareness questionnaire will be introduced as part of the process of opening a CPFIS account from Oct 1. Whether you’re […] Your experience on our website is important to us. Share this page Share this page on facebook Tweet this page Email this page Print this page You must first complete the CPF Investment Scheme (CPF-IS) Self Awareness Questionnaire before you can start investing under CPF-IS. That’s The Question. The CPF Investment Scheme (CPFIS) Self-Awareness Questionnaire (SAQ) helps you assess if you have basic financial knowledge and whether CPFIS is suitable for you. 4. CPF members who already have a CPFIS account are not required What Is Self-Awareness? Cookies are not enabled on your browser. Change Number 2: Removal of Sales Charges. The SAQ may take you about 30 minutes to complete. members decide whether CPFIS is suitable for them by providing them with The SAQ is to help CPF Today, not all CPF members who participate in CPFIS know how to invest. To help members assess whether CPFIS is a suitable investment option for them, a new questionnaire, called the Self-Awareness Questionnaire (SAQ), will be made available for all CPF members who wish to open a CPFIS account.This will be a compulsory questionnaire that is required to be completed prior to the opening of the CPFIS account. You will then take a quiz where your results will help you assess if CPFIS is suitable for you. If you have not opened a CPF investment Account, you may be required to go through a CPFIS Self-Awareness Questionnaire (SAQ). Next, you can only invest your savings through the CPF-IS if you have more than $20,000 in your CPF-OA and/or $40,000 in CPF SA. Self-Awareness Questionnaire (SAQ) 3. For OCBC customers. the results. So here in this post, we will be discussing this topic along with 23 self-awareness questions to test how well you know yourself. 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