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World Infromation / Blog : No.10265 : How much is the Minimum Sum?
In Reply to: CPF Minimum Sum posted by on June 08, 2012 at 20:15:47:
How much is the Minimum Sum?
Setting aside the Minimum Sum when you reach 55 ensures that you have some regular income from age 65 to live on in your retirement.
The Minimum Sum was set at $80,000 in 2003 and will be raised gradually until it reaches $120,000 (in 2003 dollars) in 2015. These amounts will be adjusted yearly for inflation.
If you are unable to set aside your full Minimum Sum in cash, your property, bought with your CPF savings, will be automatically pledged for up to half of your Minimum Sum.
55th birthday on or after Minimum Sum
(in 2003 dollars)
Minimum Sum
(after adjustment for inflation)
1 July 2003 $80,000 $80,000
1 July 2004 $84,000 $84,500
1 July 2005 $88,000
$90,000
1 July 2006 $92,000
$94,600
1 July 2007 $96,000
$99,600
1 July 2008 $100,000 $106,000
1 July 2009 $104,000 $117,000
1 July 2010 $108,000 $123,000
1 July 2011 $112,000 $131,000
1 July 2012 $113,000 $139,000
1 July 2013 } To be
} To
1 July 2014 } announced
} be
1 July 2015 $120,000
} announced