Martin Lee @ Sg
Sharing is Caring!

Category Archives for CPF

No CPF for Overseas Education

The government has re-affirmed its stand that they will not allow parents to use their CPF for their children’s overseas education. It fears that the parents will be left with little retirement funds should their children not pay back their parents. Currently, CPF members can use up to 40 per cent of their Ordinary accounts […]


Continue reading

Second Auto-Inclusion Point for CPF Life

Parliament has just passed changes to the CPF Act to auto-include those with $60,000 in their Retirement Accounts at the age of 65 into the CPF Life scheme. Previously, only those with at least $40,000 in their Retirement Accounts when they turned 55 from 2013 would have been auto-included in CPF Life. Now, those with […]


Continue reading

Changes in CPF Minimum Sum, Medisave Minimum Sum and Medisave Contribution Ceiling From 1st July 2010

The Ministry of Manpower announced in August 2003 that the Minimum Sum (MS) will be raised gradually to reach $120,000 (in 2003 dollars) in 2013. The increase in MS, which includes an adjustment for inflation, is to ensure that Singaporeans set aside sufficient savings for their retirement. In line with this policy, from 1 July […]


Continue reading

Changes to Employer CPF Contribution Rates

To help Singaporeans save more for their medical and retirement needs, the Government will increase the employer CPF contribution rate by 1%. The increase will be done gradually in two steps to moderate the impact on employers. The first 0.5% increase will be implemented on 1 September 2010, and will be made into the Medisave […]


Continue reading

CPF Life Questions

This is a follow up on the earlier post on CPF Withdrawal and Minimum Sum scheme and will explore a couple of issues on CPF Life. There is a handbook on CPF LIFE (guide B) which tries to explain in details how the scheme works. Before reading it, you can read the basic guide which […]


Continue reading
1 4 5 6 7 8 10