CPF Minimum Sum To Be Raised To $155,000 From 1 Jul
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The CPF Minimum Sum will be raised to S$155,000, up from S$148,000, from 1 July. This will apply to CPF members who turn 55 between 1 July 2014 and 30 June 2015, the Central Provident Board (CPF) and the Manpower Ministry said in a joint statement.
SINGAPORE: The CPF Minimum Sum will be raised to S$155,000, up from S$148,000, from 1 July.
This will apply to CPF members who turn 55 between 1 July 2014 and 30 June 2015, the Central Provident Board (CPF) and the Manpower Ministry said in a joint statement.
Under the CPF LIFE Standard Plan, setting aside S$155,000 at age 55 provides a lifelong payout of about S$1,200 per month, the statement added.
The Medisave Minimum Sum will be raised to S$43,500 from S$40,500 from 1 July.
A member will need to have this amount in his Medisave Account and also meet the CPF Minimum Sum before excess funds can be withdrawn.
The Medisave Contribution Ceiling will be increased correspondingly to S$48,500 from S$45,500.This is the maximum balance a member can have in his Medisave Account.
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It's for your own good.
then you won't go batam and spend it all on, er, food.
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After decades of working and 20% of salary being held by them to use, and they still wanna withhold it. What makes CPF think that everyone who draws their CPF will splash it in Batam or China for that matter. And if they do, its their own money
CPF acknowledges that CPF money is our money. If its our money, what right do u have to dictate wh3n and how I am gonna use it
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Charge you interest when you use your own money some more.
It's for your own good lar.
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Eeee
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latest is how much? $161k issit?
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When it's your time, probably it will be $500,000 or more.
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Why your links not clickable one?>
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ur copy and paste spoil ah
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Clicking, one step.
Copy and paste, how many steps?
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so lazy, no wonder cheap FT come and take yr job
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If you don't even have a job, who can steal it away?
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wipe table is still a job
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The uncle shoo me away when I try to wipe the table.
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will keep increase until we cant take out single cent
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it is worth trading for that lifelong mthly payout in case u live till 105
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The word is "if"
The truth is "can you?"
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I'm OK with any raise in CPF because its my savings for retirement-:)