Endowus CPFIS 2026: How to Invest Your CPF OA with Endowus (Complete Guide)
Step-by-step guide for Singapore investors — invest your CPF OA via Endowus CPFIS at just 0.25% p.a.
Endowus is one of the few platforms in Singapore that lets you invest your CPF Ordinary Account (OA) money through the CPF Investment Scheme (CPFIS). You pay a flat 0.25% annual platform fee — well below the 0.5–1.0% charged by most traditional platforms — and get access to institutional-class funds from BlackRock, Dimensional, and more. Your CPF OA earns 2.5% by default; with Endowus CPFIS, your invested portion targets higher long-term returns while the uninvested balance keeps the guaranteed 2.5%.
Not financial advice. All figures are for educational reference only. Data as at June 2026 unless noted.
- Endowus lets you invest CPF OA via CPFIS at 0.25% p.a. — one of the lowest fees in Singapore
- You keep guaranteed 2.5% on uninvested OA balance; invested portion targets 4.5–10% depending on fund choice
- Use referral code 2V343 to get a fee waiver for the first 6 months on your first S$10,000
Table of Contents
Contents — Click to expand
- What Is CPFIS and How Does Endowus Fit In?
- Am I Eligible to Use Endowus CPFIS?
- How to Invest CPF OA with Endowus (Step-by-Step)
- Endowus Fees for CPFIS Investing
- Which Endowus Funds Can You Buy with CPF OA?
- Expected Returns vs CPF OA Default 2.5%
- Risks of Investing CPF OA via CPFIS
- Should You Use Endowus for CPFIS?
- Frequently Asked Questions
What Is CPFIS and How Does Endowus Fit In?
The CPF Investment Scheme (CPFIS) lets you invest the portion of your CPF Ordinary Account (OA) above S$20,000 in approved products. The idea: instead of leaving your OA balance earning a guaranteed 2.5% per year, you put a portion to work in the markets aiming for higher long-term returns.
Endowus is a MAS-licensed financial adviser and one of the CPFIS-approved platforms in Singapore. It acts as the intermediary between your CPF OA and the underlying funds. You log in to Endowus, choose your fund, and Endowus instructs CPF Board to transfer the funds on your behalf.
The key difference between Endowus and older CPFIS platforms: Endowus rebates 100% of the trailer fees (commissions) it receives from fund houses back to you. This means you pay only the flat 0.25% Endowus platform fee — significantly lower than what most banks or insurance agents charge for the same funds.
The S$20,000 floor exists to protect your CPF OA housing withdrawal buffer. If your OA balance is exactly S$20,000, you cannot invest any of it. If it is S$60,000, you can invest up to S$40,000.
Am I Eligible to Use Endowus CPFIS?
To invest your CPF OA via Endowus, you need to meet all of these conditions:
| Requirement | Details |
|---|---|
| CPF OA balance | Must be above S$20,000. Only the amount above S$20,000 is investable. |
| Singapore Citizen or PR | CPFIS is open to SC and SPR CPF members only. |
| Age | No minimum age, but CPFIS contributions only happen while you are working and making CPF contributions. |
| CPFIS self-awareness quiz | First-time CPFIS investors must complete a short online quiz on CPF’s website before linking to any platform. |
| Endowus account | Create a free Endowus account (Singpass login supported). Use referral code 2V343 at sign-up. |
Source: CPF Board CPFIS guidelines, June 2026
How to Invest CPF OA with Endowus (Step-by-Step)
Here is the exact process to get your CPF OA invested through Endowus in 2026. The whole setup takes about 30 minutes on a first run.
Step 1: Create your Endowus account. Go to endowus.com and sign up with Singpass. Enter referral code 2V343 during registration to unlock the 6-month fee waiver on your first S$10,000.
Step 2: Complete the CPFIS self-awareness quiz. CPF Board requires all first-time CPFIS investors to pass a short online quiz at cpf.gov.sg. It takes under 10 minutes. Once passed, you receive a confirmation that you can proceed with CPFIS investing.
Step 3: Link your CPF account to Endowus. In your Endowus dashboard, click “Add Funding Source” and select “CPF OA”. Endowus will walk you through the Singpass authorisation to connect your CPF account.
Step 4: Choose your portfolio. Endowus offers four CPF-eligible portfolio types — Cash Smart, 100% Equity, Balanced (60/40), and their flagship Endowus Income Portfolio. You can also build a custom fund portfolio from their approved CPFIS fund list.
Step 5: Set the investment amount. Enter the amount you wish to invest from your CPF OA. Remember: only the amount above S$20,000 is eligible. Endowus will show your current available CPF OA balance before you confirm.
Step 6: Confirm and wait for CPF transfer. Once you submit, Endowus sends an instruction to CPF Board. The funds are typically transferred within 3–5 business days. You will receive a confirmation email when investment is complete.
For subsequent top-ups, the process is much faster — just log in to your Endowus dashboard, click “Top Up” on your CPF portfolio, and enter the amount. No re-linking required.
You can also link your SRS account to Endowus for tax-deferred investing — a different account and strategy from CPFIS, but equally straightforward.
Endowus Fees for CPFIS Investing
Endowus charges a flat 0.25% annual platform fee on all CPF OA assets under management. There is no performance fee, no transaction fee, and no withdrawal fee. The 0.25% is deducted monthly from your Endowus cash wallet — not from your CPF balance itself.
On top of the platform fee, each fund has its own fund-level expense (TER). However, Endowus rebates 100% of trailer fees back to you in cash, which significantly reduces the net cost of each fund versus buying through a bank or insurance agent.
| Fee Type | Amount | Notes |
|---|---|---|
| Endowus Platform Fee | 0.25% p.a. | Flat rate, no tiers. Charged monthly to cash wallet. |
| Fund TER (varies) | 0.20%–0.80% p.a. | Deducted within the fund NAV. Not paid separately. |
| Trailer Fee Rebate | 100% rebated back to you | Credited to your Endowus cash wallet monthly. |
| Transaction Fee | None | No buy/sell fees for fund switching. |
| Withdrawal Fee | None | Free to redeem back to CPF OA at any time. |
Source: Endowus fee schedule, June 2026
For a Singapore investor with S$50,000 in Endowus CPFIS, the platform fee works out to S$125 per year — that is about S$10.40 per month. Compare this to buying the same funds through a bank, where platform and distribution fees often total 0.75–1.0% per year (S$375–S$500 on the same S$50,000).
If you use the Endowus referral code 2V343, your first S$10,000 gets a 6-month fee waiver — so you pay nothing on that portion for the first half-year.
Which Endowus Funds Can You Buy with CPF OA?
Not all Endowus funds are CPFIS-eligible. CPF Board maintains an approved list of CPFIS funds, and Endowus offers a curated selection from that list. As at June 2026, the main CPFIS-eligible fund categories on Endowus are:
| Fund Type | Risk Level | Expected Return Range | Best For |
|---|---|---|---|
| 100% Equity Portfolio | High | 6%–10% p.a. (long-term) | Age <50, long investment horizon (>10 years) |
| Balanced (60/40) Portfolio | Medium-High | 4.5%–7% p.a. (long-term) | Medium risk tolerance, 5–10 year horizon |
| Endowus Income Portfolio | Medium | 4%–6% p.a. (income + growth) | Near-retirement, wants regular income distributions |
| Cash Smart (Ultra Short) | Low | ~3%–3.5% p.a. | Short-term parking; better than CPF OA 2.5% |
| Custom Fund Portfolio | Varies | Depends on fund mix | Experienced investors who want to pick individual CPFIS funds |
Source: Endowus CPFIS fund offerings, June 2026. Expected returns are not guaranteed.
The flagship funds include offerings from BlackRock, Dimensional Fund Advisors, and PIMCO — all of which you would normally need to go through a financial adviser to access. Endowus provides direct access at low cost.
Note that CPFIS does not cover all Endowus products. The Endowus Cash Smart Supreme (for cash savings) and some thematic funds are cash-only. If you want to use your SRS money instead of CPF OA, refer to the CPF investment strategy Singapore guide for a full breakdown of SRS vs CPFIS options.
Expected Returns vs CPF OA Default 2.5%
The central question for every CPFIS investor: is it worth risking your CPF OA for potentially higher returns? Here is an honest analysis.
Your CPF OA earns a guaranteed 2.5% per year with no risk. That is a risk-free baseline that is genuinely hard to beat on a risk-adjusted basis in the short term. However, over a 10–20 year horizon, equities historically outperform 2.5% significantly.
Consider a worked example. You are 35, have S$80,000 in your CPF OA, and invest S$50,000 (the amount above the S$20,000 floor + HDB buffer) into the Endowus 100% Equity Portfolio via CPFIS:
| Scenario | Rate | Value at Age 55 (20 years) | Gain vs 2.5% OA |
|---|---|---|---|
| CPF OA default (2.5%) | 2.5% p.a. | S$81,900 | — |
| Endowus Balanced (5% avg) | 5.0% p.a. | S$132,700 | +S$50,800 |
| Endowus 100% Equity (7% avg) | 7.0% p.a. | S$193,500 | +S$111,600 |
| Bear case (2% avg net) | 2.0% p.a. | S$74,300 | −S$7,600 vs staying in OA |
Illustration only. Starting capital S$50,000, 20-year period. Returns are not guaranteed. Net of Endowus 0.25% platform fee and estimated fund TER of 0.35%.
The upside case is compelling over two decades. But the bear case matters too — in a sustained low-return environment, you could end up with less than the guaranteed 2.5%. This is why CPFIS investing suits those with a long time horizon and the stomach to ride out market volatility.
If you want to see how different return rates affect your retirement picture, run the numbers in the Singapore retirement calculator.
Risks of Investing CPF OA via CPFIS
CPFIS investing is not for everyone. Be honest with yourself about these risks before moving your CPF OA into Endowus:
Market risk. Unlike the guaranteed 2.5% in your CPF OA, fund values go up and down. A global recession could see your invested CPF OA balance fall 20–40% in a bad year. You need a multi-year horizon to recover.
Liquidity risk. Your money is not stuck — you can redeem CPFIS investments at any time, and the proceeds go back to your CPF OA within a few business days. But fund redemption during a market crash means locking in losses permanently.
Housing impact. CPF OA is commonly used for HDB or private property purchases. If you invest too aggressively via CPFIS and need to use your OA for housing soon, you may be forced to sell at a bad time. Keep enough liquid OA buffer for your housing needs.
Opportunity cost of CPF SA. If you have the option of topping up your CPF Special Account (SA) for the guaranteed 4% return (for those under 55), that guaranteed 4% is a very strong risk-free alternative. Consider whether CPFIS equity returns reliably beat a guaranteed 4% SA return — over shorter horizons, they often do not.
These risks do not mean you should avoid CPFIS. They mean you should size your CPFIS investment correctly relative to your overall CPF balance and financial goals. Many Singapore investors on platforms like Syfe and FSMOne diversify across both CPF OA investing and non-CPF brokerage accounts for flexibility.
Should You Use Endowus for CPFIS?
Endowus CPFIS is a strong fit if you:
- Have CPF OA well above S$20,000 (ideally S$60,000+ so you have meaningful investable capital)
- Are under 45 with a 10+ year investment horizon before you need the CPF OA for housing or retirement
- Want access to institutional-grade funds (BlackRock, Dimensional) at low cost without needing a financial adviser
- Are comfortable with markets going up and down and will not panic-sell during downturns
- Already have your CPF SA at or near the Full Retirement Sum (so 4% SA compounding is no longer an option)
Consider alternatives if you:
- Are within 5 years of using your CPF OA for a property purchase — too short a horizon for equity investing
- Are 50+ and want guaranteed income from your CPF in retirement — the risk/reward shifts unfavourably
- Have CPF SA below the Enhanced Retirement Sum (ERS) — top up SA first for the guaranteed 4%, then consider CPFIS
- Are a first-time investor who has not yet built a 6-month emergency fund in cash savings
If you fall in the “good fit” category, Endowus is arguably the best CPFIS platform in Singapore for 2026 — lowest platform fees, full trailer fee rebate, and a clean digital experience. Head to the Endowus referral code page to claim your sign-up bonus before opening your account.
For passive income from your non-CPF investments, also consider passive income strategies in Singapore using S-REITs and dividend ETFs alongside your CPFIS portfolio.
Frequently Asked Questions
Can I use my CPF OA with Endowus?
Yes. Endowus is a MAS-licensed, CPF Board-approved CPFIS platform. You can invest the portion of your CPF Ordinary Account (OA) above S$20,000 through Endowus. The process involves linking your CPF account to Endowus via Singpass, completing the CPF Board CPFIS self-awareness quiz once, and then selecting your preferred fund or portfolio.
What is the minimum amount to invest via Endowus CPFIS?
Endowus has a minimum investment of S$1,000 for CPFIS portfolios. However, you also need your CPF OA balance to be above S$20,000 before any amount is investable. So in practice, your minimum investable amount starts from S$1,000 of the excess above S$20,000.
Is Endowus safe for CPF OA investing?
Endowus is MAS-licensed and regulated as a financial adviser in Singapore. Your CPF funds remain in the CPF system — Endowus simply acts as an intermediary to direct which CPFIS-approved funds you invest in. The underlying fund assets are also custodied separately from Endowus’s own assets, so they are protected even if Endowus were to cease operations. The investment risk lies in market performance, not platform safety.
Can I withdraw my CPF OA from Endowus anytime?
Yes. You can redeem your CPFIS investments on Endowus at any time. The proceeds are returned to your CPF OA account, typically within 3–7 business days depending on the fund’s settlement period. There is no withdrawal penalty or fee from Endowus. Note that if the market is down when you redeem, you receive the lower fund value — so timing matters.
Does Endowus CPFIS affect my HDB or property loan eligibility?
Yes, indirectly. When you invest CPF OA via CPFIS, those funds are no longer sitting in your CPF OA as a liquid balance. If you plan to use CPF OA for an HDB down payment, stamp duty, or monthly mortgage installments, make sure you leave sufficient balance uninvested. Many Singapore investors keep a separate “housing buffer” in their CPF OA and only invest the portion they are confident they will not need for property within the next 5 years.
What is the Endowus referral code for 2026?
The Endowus referral code for 2026 is 2V343. Enter it when creating your Endowus account to get a 6-month fee waiver on your first S$10,000 invested. This applies to CPF OA, SRS, and cash portfolios. The fee waiver means you pay no platform fee on that S$10,000 for the first six months — a saving of S$12.50. Visit the Endowus referral code page for the full sign-up guide and latest promotions.
Should I top up CPF SA or invest via CPFIS first?
This depends on your age and SA balance. If you are under 55 and your CPF SA is below the Full Retirement Sum (S$213,000 for 2026), topping up your SA first for a guaranteed 4% risk-free return is generally better than CPFIS investing. The SA 4% guarantee is very hard to beat on a risk-adjusted basis over shorter horizons. Once your SA is near or at the FRS, CPFIS via Endowus becomes a compelling option for putting excess OA funds to work at higher potential returns.
Ready to Invest Your CPF OA with Endowus?
Use referral code 2V343 for a 6-month fee waiver on your first S$10,000. Sign up takes under 15 minutes with Singpass.
This article was researched with the help of AI. While we strive to keep all information accurate and up to date, there may be errors. If you notice any discrepancies, please contact us.
