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Kent Toh
19d ago
Consultant at Sprinklr
Https://www.cpf.gov.sg/service/article/what-are...
It depends if you want steady but low payouts (standard), or want to start lowest and get 2% more payouts each year (escalating), or want to leave more legacy but lower payouts (basic).
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This will depend on your situation - whether you have dependents, want to leave a legacy to anyone /...
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Need to see if u are single or have family members that you want to leave money behind. can go to CPF board and request for the 2 scenarios (Basic and Standard), see the difference and you can decide.