Dependants’ Protection Scheme (DPS) is an affordable term life insurance that covers insured CPF members in the event of death, terminal illness, or total permanent disability.

If you belong to the ‘sandwich generation’ with young children and elderly parents to care for, DPS provides basic financial protection for your family. DPS is currently solely administered by Great Eastern Life directly.

DPS coverage is automatically extended to all Singaporeans and Permanent Residents (PRs) between 21 and 65 years old upon their first CPF working contribution. You may check the status of your DPS coverage through your yearly CPF Statement of Account, or online through the CPF website by logging in via your Singpass.

If you are 16 years old and above and have not been offered automatic coverage, you can apply to join DPS with Great Eastern Life directly.

If you are working and have dependants relying on your income, DPS provides affordable basic protection for your family with no out-of-pocket cash required, as DPS premiums can be paid using your CPF savings.

However, you may not require DPS if:

• Your dependants have already grown up and/or are financially independent.
• You have built up enough savings which could be passed on to your dependants directly in times of need.
• You have your own private term or life insurance, which provides enough protection for your dependants.

DPS premiums will be automatically deducted from your CPF savings on your annual policy renewal.

Alternatively, you can pay your DPS premiums directly to the DPS insurer by cash.

The Child Development Account (CDA) is part of the baby bonus scheme designed to help you defray child-raising costs, such as educational and healthcare expenses at approved institutions

CDA can be used for your child’s medical and education needs (e.g. paying for childcare center or outpatient fees) at the List of Approved Institutions.

• After signing your child up for the CDA, any unused funds from your CDA can be transferred to the Post Secondary Edusave Account (PSEA), an account that is set up for every Singaporean child when they turn 13.
• Note: The PSEA balance earns an interest of 2.5% per annum.
• When your child reach the age of 30, any remaining funds your child have will be transferred to your CPF Ordinary Account (OA) which gives a higher interest rate of up to 3.5% and also can be used for his or her future needs (e.g. housing, education and healthcare).

1. Check your eligibility here to find out if you can open a CDA for your child.
• If eligible, you can sign up using your Singpass.
• Complete the form in the link above and select the bank of your choice - DBS/POSB, UOB and OCBC.
2. The CDA will be opened by the bank you select in a few days with an initial balance of $3,000.
3. You will receive a notification once this has been done. A NETS card will be issued under your child’s name and sent to your registered address. You can then use it to pay for eligible products and services at CDA approved institutions.
4. You can also apply for your baby’s birth registration and baby bonus (including the CDA) via LifeSG. You can download the app on Android and/or iOS.

The Retirement Sum Topping-Up Scheme (RSTU) helps you grow your retirement savings and that of your loved ones so that they can enjoy higher monthly payouts when they retire.

You can top up to your loved ones’ CPF Special Account (if they are below age 55) or Retirement Account (if they are aged 55 and above). Top-ups can be made in cash, CPF transfers or both.

1. Your top ups to your loved ones’ CPF Special Accounts (for those below age 55) or Retirement Accounts (for those aged 55 and above) earn attractive interest of up to 5% or 6% per annum*.
2. Your loved ones enjoy higher monthly payouts.
3. You can enjoy tax relief* equivalent to the amount of cash top-ups made, up to $7,000 per calendar year when you make cash top-ups for your loved ones (such as parents, grandparents, spouse and siblings.). If you make a cash top-up for yourself, you can enjoy additional tax relief* of up to $7,000 per calendar year too.
4. Under the Matched Retirement Savings Scheme (MRSS), the Government will match every dollar of cash top-ups to eligible* seniors who have yet to reach the Basic Retirement Sum (BRS), up to $600 per year.

*Terms and conditions apply

Your loved ones can log in the CPF website with their Singpass to view how much they can receive.

Read more to learn how you can help your loved ones grow their retirement savings by topping up your CPF accounts.

MediSave is a CPF member’s personal healthcare savings account. Working members save between 8% to 10.5% (depending on age) of their monthly salary in their MediSave Account. This helps members set aside part of their income for healthcare expenses, especially those incurred during retirement years.

• Your parents would have their own MediSave if they have ever made CPF contributions, or someone in the family has made voluntary top-ups for them before.
• Your parents may have also received further MediSave top-ups under the Pioneer Generation or Merdeka Generation Packages.
• Read more about MediSave, its benefits/uses and other important information here.

MediSave can be used to pay for hospitalisation, day surgery and certain costly outpatient expenses, as well as healthcare needs of your parents in their old age, subject to the respective MediSave withdrawal limits.

MediShield Life, ElderShield and CareShield Life premiums are also fully payable from MediSave.

• The MA is one of the higher interest-yielding CPF accounts with interest rates up to 6% per annum
• You can top up your own or your loved one’s MA up to the Basic Healthcare Sum (BHS) limit.

Top up your loved one’s MA via PayNow at e-Cashier using the following steps:

1. Go to the cpf.gov.sg > Tools & Services > Click on the "Access e-cashier" button.
2. Key in your CPF Account Number/NRIC
3. Choose paying as a “Member”
4. In the drop-down list under "Payment for", select “Contribute to my own/recipient's MediSave Account (Tax deductible)"
5. Click "Next" and read the Important Notes and Terms & Conditions
6. Tick in the box "I have read and accepted the Terms & Conditions above".
7. Click "Start" and follow the instructions to complete the application.
8. On the next page, if you are topping up to your loved ones, key in their NRIC Numbers under “Recipient’s NRIC Number” and select the appropriate relationship under “Recipient’s relationship to me”. Key in your email address and the amount you wish to contribute. If someone has shared this scheme with you, you may indicate the referrer’s name (optional). At the bottom of the page, click “Next” to continue.
• You can use the “Check Allowable Contribution” button to find out the amount of Voluntary top-up you can make for yourself. For top-ups to your loved ones, please check with your recipient on his/her available contribution limit.
• You will need to login with your Singpass.
• Once you have read and understood your Voluntary top-up limit, you can click on “Continue” to resume with the application.

Important Note!
The full amount of the Voluntary top-up will be refunded to you without interest if the top-up exceeds the Basic Healthcare Sum (BHS).

9. At the payment request page, select PayNow QR