31 Jul '17, 1am

CPF – Aged 55 & above: This post is meant to summarised what you need to know about CPF when you’re turning 55 You… https://t.co/xCyZsK11U4

This post is meant to summarised what you need to know about CPF when you’re turning 55 You have to choose the 3 levels of retirement sums that you want Basic Retirement Sum (BRS) – ($83k) Full Retirement Sum (FRS) – ($166k) Enhanced Retirement Sum (ERS) – ($$249k) After 65 you can choose from 3 CPF Life plans // You can choose when you want to start the payouts Standard plan Pays you more today less for your kids in the future Basic plan Pays you less today more for your kids in the future Escalating plan The payout increases as you grow older while ur kids gets a smaller pay Healthcare Your basic healthcare sum as of 2017 is $52k Interest Rate Like mentioned previously in my other CPF post, you will have additional interest rate (1-2%) on all your accounts. Q&A Can I do lump-sum withdrawals? Not unless …

Full article: http://thefinance.sg/2017/07/31/cpf-aged-55-above/

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