Advertisement

Anonymous

Edited 06 Feb 2022

∙

Hello everyone! My parents are in their early 70s and have minimal in their cpf account. Im thinking to top up their cpf every year, and would you recommend I enrol them both to CPF LIFE?

Or to remain under the original retirement scheme?

My thoughts is that CPF life seems better… just that Im not sure how this really works out, as they have quite minimal in cpf now.. estimated RSS payout is abt $250 monthly for less than 7 years (under RSS scheme).

Any advice would help, really appreciate it!

3

Discussion (3)

What are your thoughts?

Learn how to style your text

Tan Choong Hwee

05 Feb 2022

Investor/Trader at Home

What are their current RSS payouts amount?

RSS payouts would be stopped once RA is depleted.

Joining CPF LIFE would mean receiving lower amount of monthly payouts than RSS payouts, but can last for a lifetime.

Can use CPF LIFE Estimator to check the estimated payouts if you top up their RA:

https://www.cpf.gov.sg/eSvc/Web/Schemes/LifeEst...

Reply

Save

View 2 replies

Write your thoughts

Related Posts

Knowing that scammers are now targeting at withdrawing our CPF monies, would you consider opting for ERS and top up every year so at least a portion of your CPF monies is 'protected' by CPF Life?

Hi seedly community! My parents are 70 and 75, with quite minimal in their CPF account. Should I enrol both of them into CPF life? Will be better than staying put in the original retirement scheme?

Hello everyone! Am thinking to go for a full body check up this year (last one was at least 3 years ago). Female, early 30s, non smoker - are there any medical centre /type of check up you recommend?

Hello! Would like to seek everyone’s input about CPF LIFE. Which plan would you recommend? If supposed the RA has about $40-50k.. (standard, basic, escalating plans)

My MIL 79 years old this year, her CPF Retirement account almost empty. If I top up her account using cash as allowance, which scheme is better? The Retirement Sum Scheme or CPF life scheme?

Related Posts

Knowing that scammers are now targeting at withdrawing our CPF monies, would you consider opting for ERS and top up every year so at least a portion of your CPF monies is 'protected' by CPF Life?

Hi seedly community! My parents are 70 and 75, with quite minimal in their CPF account. Should I enrol both of them into CPF life? Will be better than staying put in the original retirement scheme?

Hello everyone! Am thinking to go for a full body check up this year (last one was at least 3 years ago). Female, early 30s, non smoker - are there any medical centre /type of check up you recommend?

Hello! Would like to seek everyone’s input about CPF LIFE. Which plan would you recommend? If supposed the RA has about $40-50k.. (standard, basic, escalating plans)

My MIL 79 years old this year, her CPF Retirement account almost empty. If I top up her account using cash as allowance, which scheme is better? The Retirement Sum Scheme or CPF life scheme?

Advertisement