I have updated this article taking the actual figures from the CPF Life Estimator.
Revised on 14 Jan 2019 (updated using figures from the CPF Life Estimator)
Someone asked if CPF Life gives good value to the annuitant. The current sum to be set aside at age 55 for CPF Life is $181,000. CPF Life starts payment from age 65 and offers three options (standard, basic and escalating).
You can find the answer here:
https://fisca.sg/ArticleDisplay.aspx?ID=618
This article is available only for FISCA members. You can join as a member to read this important article (which involves more than $100,000 of your CPF savings) and other articles in the website. You can also attend talks organized by FISCA for free or pay a lower rate.
Revised on 14 Jan 2019 (updated using figures from the CPF Life Estimator)
Someone asked if CPF Life gives good value to the annuitant. The current sum to be set aside at age 55 for CPF Life is $181,000. CPF Life starts payment from age 65 and offers three options (standard, basic and escalating).
You can find the answer here:
https://fisca.sg/ArticleDisplay.aspx?ID=618
This article is available only for FISCA members. You can join as a member to read this important article (which involves more than $100,000 of your CPF savings) and other articles in the website. You can also attend talks organized by FISCA for free or pay a lower rate.
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