Asked by Anonymous
Asked 2w ago
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?
Top Contributor (Jan)
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.
I guess you are referring to CPF life.
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.