facebookMy 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? - Seedly

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Anonymous

13 Dec 2020

Retirement

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?

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? If I am not wrong, 80 years old is the CPFLife last entry age.

Discussion (2)

What are your thoughts?

RSS pays out more per mth, but doesn't pay out for life.
CPF life pays out less per month, but does so for life.

https://www.cpf.gov.sg/Members/Schemes/schemes/...

Best to check with CPF directly as there are requirements for the minimum amount in the CPF account. They can advuse you better.

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