I understand that you can withdraw above the minimum sum once you hit the retirement age. However what if the retirement age is increased to say 85 in 30 years time? - Seedly
 

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Asked by Anonymous

Asked on 02 Mar 2019

I understand that you can withdraw above the minimum sum once you hit the retirement age. However what if the retirement age is increased to say 85 in 30 years time?

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Lyndon Wong
Lyndon Wong, Dad at Dad Pte. Ltd.
Level 3. Wonderkid
Answered on 01 Nov 2019

Logically, any changes in the retirement age have to be supported by the statistics on the longevity of Singaporeans. So unless Singaporeans are statistically living past age 100 and above, I would not be too worried about the low probability of increment in the retirement age to 85.

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