Great video! Thanks to CPF and Caroline!!

It is more concerned that with high inflation environment, what will be the possible positive changes of the CPF life?

@CPFvideos

Жыл бұрын

Hi CD R, CPF LIFE payouts are not dependent on the inflation rate. CPF LIFE payouts are reviewed yearly to take into account the following: - Deviations in mortality experience. If more people live longer than expected in the long term, the monthly payouts might be lower, and vice versa. - Deviations in interest rates. If interest rates are higher than expected, the monthly payouts might be higher, and vice versa. Members who are concerned over rising prices can choose to join the Escalating Plan which provides payouts that increase at 2% a year, to generally help them keep their lifestyle even as prices of items increase in the future. The escalation rate of 2% is based on historical long-term inflation rates using several inflation measures and is fixed so that payouts are predictable and stable. Thank you.

Hi I work overseas and have minimal CPF. Should I top up to Full Retirement amount if I retire in Sin?

@CPFvideos

11 ай бұрын

Hi Hyun, CPF helps Singapore Citizens and Permanent Residents set aside funds to build a strong foundation for retirement. You can make voluntary top-ups to your Special or Retirement Account to receive higher monthly payouts in retirement. You can visit the CPF website to learn more about the Retirement Sum Topping-Up Scheme cpf.gov.sg/member/growing-your-savings/saving-more-with-cpf/top-up-to-enjoy-higher-retirement-payouts You can also visit the CPF website to learn more about the various ways you can grow your CPF savings cpf.gov.sg/member/growing-your-savings Thank you.

What will happen if, after many years of receiving CPF Life monthly payouts, I am still around and my RA, OA, and SA accounts have been depleted of monies? Will I not receive any more payouts or monies if that happens?

@CPFvideos

11 ай бұрын

Hi crunchycashewnuts, With CPF LIFE, you will continue to receive monthly payouts for as long as you live and even after your retirement savings run out. You can visit cpf.gov.sg/cpflife to find out more about CPF LIFE. Thank you.

Hello from 1M65 supporter!

Hi, if my property can only last me till 92 years old, will the withdrawal at 55 be pro-rated?

@CPFvideos

10 ай бұрын

Hi Ronnie Lim, Generally, when you turn 55, you can withdraw at least $5,000 or any amount in excess after setting aside your Full Retirement Sum (FRS). However, you will not be able to withdraw part of your Retirement Account (RA) savings if your property lease cannot last you until 95. You can visit our FAQ for more information: cpf.gov.sg/member/faq/retirement-income/retirement-withdrawals/withdraw-ra-savings-property-lease-cannot-last-until-ninety-five Thank you.

For the purpose of the additional tax relief of $8,000 due to cash top-ups to our loved ones, are children considered as our loved ones?

@CPFvideos

Жыл бұрын

Hi Keith Lee, Your loved ones refer to your parents, parents-in-law, grandparents, grandparents-in-law, spouse and siblings. There is no tax relief for top-ups made to your children. Please visit cpf.gov.sg/member/faq/growing-your-savings/retirement-sum-topping-up-scheme/why-is-there-no-tax-relief-for-top-ups-made-to-my-children-or-no for more information. Thank you.

How do I know if I’m automatically included in the CPF Life?

@CPFvideos

7 ай бұрын

Hi @KJ-rl8rz Our website provides comprehensive info on CPF matters. The answer that you need can be found in the FAQ below: cpf.gov.sg/member/faq/retirement-income/monthly-payouts/do-i-have-to-join-cpf-life- Thank you.

What happened to the retirement account when I died?

@CPFvideos

Жыл бұрын

Hi Jackie How, Visit our website at the following address for information on the distribution of your CPF savings upon your passing: cpf.gov.sg/member/account-services/account-closure/paying-out-cpf-when-you-pass-away. Thank you.

@CPFvideos

Жыл бұрын

Hi @Darren Lee, If you are referring to the distribution of your CPF savings after a CPF member passes on, your CPF savings will be paid to your nominees in the proportion as stated in your CPF nomination. If there is no CPF nomination made, your CPF savings will be paid to the Public Trustee's Office for distribution in cash to your family member(s) in accordance with the intestacy laws or inheritance certificate (for Muslims) in Singapore. To ensure that your CPF savings are paid to your intended nominee(s), please consider making a CPF nomination. CPF savings are excluded from your estate and therefore cannot be covered by a will. Thank you.