CMFAS RES5 CPF & CPFIS question: Ordinary Account (OA) and S$25,000

CMFAS RES5CPF & CPFIS

Farid is 40. He has S$40,000 in his Ordinary Account (OA) and S$25,000 in his Special Account (SA), with no MediSave counted. Ignoring base interest, how much EXTRA interest does he earn in a year?

A S$650
B S$600
C S$400
D S$450

Show the answer and explanation

Answer: D. S$450

Members below 55 earn +1% p.a. on the first S$60,000 of combined balances, but no more than S$20,000 may be counted from the OA. His OA of S$40,000 counts only S$20,000; add SA S$25,000, giving qualifying balances of S$45,000 (below the S$60,000 ceiling). Extra interest = 1% x S$45,000 = S$450.

Common mistake

Counting the full S$65,000 and capping to S$60,000 gives S$600 — but the S$20,000 OA cap excludes S$20,000 of his OA from the extra interest.

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A member wants to use MediSave to pay the premiums for his Integrated Shield Plan (IP). Which statement is correct?Irene is 60. She has S$25,000 in her Retirement Account (RA) and S$10,000 in her Ordinary Account (OA), with no other balances. Ignoring base interest, how much EXTRA interest does she earn in a year?Under the MRSS enhancements from 1 January 2025 (annual matching cap raised to S$2,000, lifetime cap S$20,000, age 55 and above), an eligible member's family tops up S$3,000 to his Retirement Account in 2025. What matching grant does the Government add for that year?

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Original study material mapped to the public CMFAS RES5 syllabus. Unofficial, not endorsed by MAS or SCI. Verify figures and rules against current guidance before relying on them.