For a few years, many members have asked for the right to withdraw their CPF savings at age 55.
I asked this question in the Wisdom of the Crowd - Should members be allowed to withdraw all their CPF savings at 55?
50% of the respondents said yes, that was what was promised to them at the start.
27% said that they should be given the option to withdraw all their savings at 65, if they wish to.
13% said that they should be allowed to take out 50% of their savings at age 65.
10% said that they should be required to set aside a minimum sum to be taken out in installments.
See the pie chart at
http://www.wisdomofthecrowd.sg/chart.aspx?ID=613
I asked this question in the Wisdom of the Crowd - Should members be allowed to withdraw all their CPF savings at 55?
50% of the respondents said yes, that was what was promised to them at the start.
27% said that they should be given the option to withdraw all their savings at 65, if they wish to.
13% said that they should be allowed to take out 50% of their savings at age 65.
10% said that they should be required to set aside a minimum sum to be taken out in installments.
See the pie chart at
http://www.wisdomofthecrowd.sg/chart.aspx?ID=613
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