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World Infromation / Blog : No.10133 : CPF Minimum Sums:
Posted by on June 25, 2007 at 10:48:02:
In Reply to: $99,600 posted by on June 25, 2007 at 10:18:29:
CPF Minimum Sum can fully in cash or pledge his property up to 50% of the Minimum Sum.
If sets aside the CPF Minimum Sum of $99,600 fully in cash, he will receive a monthly payment of $790 from 62 .
If the amount set aside is less than his Minimum Sum, the CPF Board will pledge his property to make up the shortfall.
3 options to invest CPF Minimum Sums:
1. Buy a life annuity from a participating insurance company
2. Place it with a participating bank
3. Leave it with the CPF Board.