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Anonymous

28 May 2019

∙

How does CPF Life work if an individual does not meet the Basic Retirement Sum (BRS) of $88,000?

Does the individual get lower monthly payouts? Or can they withdraw the money in their RA as a lump sum?

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Vincent Tan Wen Bin

28 May 2019

Assistant Vice President at Thinkers Alliance

Direct answer to your question is that you will get a lower monthly payout. You can't withdraw as lump sum.

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Hariz Arthur Maloy

28 May 2019

Independent Financial Advisor at Promiseland Independent

It will be pro rated. You can use the CPF Life estimator calculator on the CPF website to see. So if 88k gets you about 680 per month. 44k should give you about 340 per month. +- 10% or so.

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Is it a good option to extend elderly CPF Life to Age 70, if this elderly did not hit the basic retirement sum?

What happens to CPF contribution from your salary into CPF SA after u reach Basic Retirement Sum? (assuming MA Basic healthcare sum is met)?

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