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?

Discussion (4)

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Ace

16 Jul 2023

Scams are unavoidable nowadays. Your q is the same as there's scams daily on bank accounts, do you still put your money in the bank? We have to do all we can to safeguard our accounts.

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Chris

Edited 16 Jul 2023

Doubt one can top up of own accord to the ERS tier unless it is part of the mandatory contributions through employment.

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tinycents

10 Jul 2023

That's one fantastic characteristics for protecting our retirement funds via CPF! Just like how CPF ...

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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?

I am 54 years old. If my son tops up my CPF this year, will I be able to withdraw it next year beyond the BRS. And possible to use CPF as a fixed deposit yearly plan to earn interest after 55?

What if CPF RA exceed Enhanced Retirement Sum (ERS) at age 55? If choose not to withdraw, how much CPF life can pay? Using 1M65 as an example, how much CPF life pays based on 1million balance at 65?

For CPF LIFE payouts, If I already have the ERS amount in my SA at 55, what is the difference if I top up RA to ERS at 55 VS topping up to ERS only at 64 before payout?

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?

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?

I am 54 years old. If my son tops up my CPF this year, will I be able to withdraw it next year beyond the BRS. And possible to use CPF as a fixed deposit yearly plan to earn interest after 55?

What if CPF RA exceed Enhanced Retirement Sum (ERS) at age 55? If choose not to withdraw, how much CPF life can pay? Using 1M65 as an example, how much CPF life pays based on 1million balance at 65?

For CPF LIFE payouts, If I already have the ERS amount in my SA at 55, what is the difference if I top up RA to ERS at 55 VS topping up to ERS only at 64 before payout?

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?