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Anonymous

13 Feb 2020

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What would be the payout if the RA is lower than BRS? Like probably only 20K in RA?

My parents are currently working, but have extremely little in their CPF savings. What are some things that I can do to help them? Would topping up their CPF help?

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Hariz Arthur Maloy

13 Feb 2020

Independent Financial Advisor at Promiseland Independent

If you have 20k in RA by age 65, you will not be put onto CPF Life. Instead you should be on the old RSS Scheme where you'll get a small payout till the age of 90. Expect about 100-120/mth.

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CH

13 Feb 2020

I guess you are referring to CPF life.

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

This is a tool from CPF which you can try out.

If your parents own their home, there is an option to pledge the property to reach BRS.

Hope this helps.

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