CPF minimum sum increased to SGD155,000

CPF minimum sum SGD155,000

Medisave minimum sum SGD43,500

Medisave contribution ceiling SGD48,500

A question to ponder, how many middle-class and lower-class uncles and aunties have this amount in their CPF account when they turn 55.

The estimated lifelong payout is 1200SGD per month. Based on first payout at age 65, 10 years of payout till age 75 will be 144,000SGD. If the person can live till 80, it will be 216,000SGD which is more than minimum sum 155,000SGD. A safer margin will be to live till age 76, where 11 years of payout will be 158,400SGD>155,000SGD.

However to keep in mind minimum sum is gradually increasing in July every year, the sums will need to be reworked every year.