Someone asked:
I am curious about CPF Minimum Sum and Medisave Minimum Sum. If I am not mistaken, the Retirement Account compromise of Ordinary Account + MediSave Account + Special account once the person turns 55. So should not it be the minimum sum for CPF wef 1 July 2014 be $155,000 and out of that, $43,500 from the Medisave? Need correct interpretation please
REPLY
The minimum sum for retirement is $155,000 and for Medisave account is $40,500. Together, the total is $195,500.
Read
http://mycpf.cpf.gov.sg/CPF/ my-Cpf/reach-55/Reach55-2.htm
and
http://mycpf.cpf.gov.sg/CPF/ my-cpf/reach-55/Reach55-4.htm
I am curious about CPF Minimum Sum and Medisave Minimum Sum. If I am not mistaken, the Retirement Account compromise of Ordinary Account + MediSave Account + Special account once the person turns 55. So should not it be the minimum sum for CPF wef 1 July 2014 be $155,000 and out of that, $43,500 from the Medisave? Need correct interpretation please
REPLY
The minimum sum for retirement is $155,000 and for Medisave account is $40,500. Together, the total is $195,500.
Read
http://mycpf.cpf.gov.sg/CPF/
and
http://mycpf.cpf.gov.sg/CPF/
No comments:
Post a Comment