If you have not already know, MOM (Ministry Of Manpower) and CPF Board has jointly announced that the CPF Minimum Sum has been increased to S$155,000 (from the current S$148,000). This is to take care for the inflation.
This is applicable to CPF members who turn 55 between July 1 this year and June 30 next year. In other words, members who turn 55 before July 1 this year remains unchanged. Also, the Medisave Minimum Sum will be raised to $43,500 (from $40,500) with effect from July 1 this year.
Personally view that this is a prudent measure by the CPF Board. There is still quite a while before I can "cash-out" my CPF money (if I choose to) but such measure will ensure that I have enough fund to enjoy a peaceful retirement (finger crossing).
Cheers!
This is applicable to CPF members who turn 55 between July 1 this year and June 30 next year. In other words, members who turn 55 before July 1 this year remains unchanged. Also, the Medisave Minimum Sum will be raised to $43,500 (from $40,500) with effect from July 1 this year.
Personally view that this is a prudent measure by the CPF Board. There is still quite a while before I can "cash-out" my CPF money (if I choose to) but such measure will ensure that I have enough fund to enjoy a peaceful retirement (finger crossing).
Cheers!
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