CPF for expats in Singapore. Briefly on Singapore CPF. CPF Singapore explained
This video provides general information on how the CPF (Central Provident Fund) operates. The Central Provident Fund (CPF) is an investment vehicle that allows Singaporeans to save for their future needs. In addition to allowing Singaporeans to invest, the CPF is used as a tax-free savings vehicle, providing benefits such as free housing and old-age care. The purpose of the video is to provide basic information about CPF Singapore for expats.
➤ TIMESTAMPS:
0:01 How's Singapore's CPF treated for US tax purposes
0:24 CPF in Singapore - common taxation area for us
0:38 Typical US tax specialists don't understand CPF
0:58 US tax team in Singapore working with CPF regularly
1:11 Article about CPF Singapore
1:32 US embassy in Singapore about CPF
2:00 CPF is not like a US-qualified plan
2:12 The interest from CPF goes to schedule B
2:22 CPF may trigger Form 8938
2:25 CPF will probably trigger Form 114
2:43 Employer contribution opportunity with CPF in Singapore
3:07 Where to get help with your CPF for expats and US-related individuals.
For more information on CPF in Singapore, check this article:
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Can we talk about CPFs for Americans in Singapore?
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