Understanding CPF & You. 1. What is the role of the CPF? 2. How is CPF different from other social security systems? 3. Why can’t I withdraw all my CPF when I reach 55? 4. How does the Government determine the Minimum Sum? 5. Why does the Minimum Sum keep increasing, and will it continue to go up? 6. What happens if I don’t have enough to meet the Minimum Sum? Am I expected to top up the shortfall? 7. If the Minimum Sum keeps increasing, will it be achievable? 8. What happens at age 55? How much can we withdraw from our CPF? 9. Can we use our property to help us withdraw more from our CPF after age 55? 10. When can we receive monthly payouts? 11. Why can’t we start drawing down our CPF earlier? 12. What happens if we die early? 13. Can we still use our CPF monies to service our housing loans after we turn 55? 14. Why do we have to pay interest to ourselves when we sell our house? If the sale proceeds are not enough, do we have to top up in cash? 15. How much is the Government paying on our CPF Ordinary Account? 16. How much is the Government paying on our Special, Medisave and Retirement? 17. How are CPF monies invested? 18. Can the Government spend CPF monies? 19. Why can’t we tap on CPF for our other needs? 20. Is CPF enough for our retirement? Tampines Changkat Zone 5 RC Tampines Changkat RC Zone-One Tampines Changkat Zone Three RC Tampines Changkat Zone-Four Rc Tampines-Changkat Zone-Two Irene Ng
Posted on: Fri, 25 Jul 2014 16:08:59 +0000
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