facebookHi, I would like to seek your kind advice on the use cases of CPF Life vs Retirement Sum Scheme. If possible, could anyone do a simple rundown of numbers with the Full Retirement Sum? - Seedly

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Ow Jie Liang

Ow Jie Liang

Student Ambassador 2020/21 at Seedly

18 Aug 2020

Retirement

Hi, I would like to seek your kind advice on the use cases of CPF Life vs Retirement Sum Scheme. If possible, could anyone do a simple rundown of numbers with the Full Retirement Sum?

  • I understand that for CPF Life, interest generated goes to the CPF Life "pool"
  • let's say based on the FRS of $186,000
  • Different use cases/getting the optimum yield when placed at retirement sum scheme vs park money with CPF Life

Discussion (1)

What are your thoughts?

The numbers for RSS are shown explicitly. You may have to use CPF's website calculator.

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