• Mon - Fri: 9AM - 6PM
  • 2 Venture Drive, 07-29, Vision Exchange, Singapore 608526
  • +65 6978 1000

Epica FAQ Series

Is it possible to use my CPF (Central Provident Fund) for the Education Scheme?

CPF

Is it possible to use my CPF (Central Provident Fund) for the Education Scheme?

Yes, it is possible to use your CPF (Central Provident Fund) for the Education Scheme. The CPF Education Scheme is a loan scheme for CPF members. It enables the members to pay for their own, their spouses’, or children’s’ full-time tertiary education.

CPF savings are taken from the member’s Ordinary Account (OA). The student is required to repay the amount withdrawn with interest in the form of cash to the member’s OA. Only Singapore citizens and Singapore permanent residents are eligible for Education Scheme.

Foreigner Package

New Company Setup

S$2,600
S$4,000

Local Package

New Company Setup

S$1,100
S$1,700

Transfer Package

Existing Company

S$1,000
S$1,500

Singapore Branch

New Branch Setup

S$4,000
S$5,000

Representative Office

New Setup

S$2,500
S$3,000

BVI Company

Singapore Bank Account

US$2,200
US$3,000

Accreditations and Partners

  • ACRA
  • ISCA
  • MOM
  • IRAS
  • AWS
  • XERO
  • STRIPE
  • DOCUSIGN
Message us