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Anonymous

08 Jan 2021

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What is the difference between RA interest and CPF Life Premium interest? When is the RA balance being paid as CPF Life Premium?

Need some clarity on CPF Life.

RA account will earn interest from age 55 to 65 before the final balance (including the RA interest) is being used for CPF Life Premium (aka "Principal Amount"). Subsequent interest earned on the CPF Life Premium will does not change the Principal Amount that is used to calculate any bequest (if any).

My question is on the delay of CPF Life payouts from 65 to 70, does it mean that the Principal Amount will be the final balance of RA account at 70, or 65 still?

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1M45

08 Jan 2021

Your CPF will continue to earn interest. Each defer year increase monthly payout up to 7%. But is it worth, deferring is up to individual, 65 quite old, dont know how long more to live & enjoy. I would just take @65.

https://www.cpf.gov.sg/members/FAQ/schemes/reti...

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If FRS/BRS being used to pay as Premium of CPF Life at age of 55 or 65, and a PR renounce his PR at age 58, does he get back full amount from RA without paying the CPF Life Premium?

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?

What happen to CPF RA (Retirement Account) money when someone pass away? What is the difference, - pass away < 65 CPF LIFE starts vs. - pass away > 65 after CPF LIFE payout starts

Is there any difference in interest if i top my CPF SA or RA account with cash? If not, how would u choose whether to top up SA or RA account?

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