Personal Finance
Understanding The CPF Minimum Sum Scheme
By Doctor Wealth  •  May 11, 2014
CPF Board has announced that CPF Minimum Sum will be increased to $155,000 from $148,000 for 2014. This news has caused pretty bad publicity and it is definitely not well received. There is so much attention on the $155,000 number that they have left out the details surrounding the minimum sum. Instead of focusing on the number and how it has increased over the years, this article explores the mechanics of the Minimum Sum scheme and how applicable it is to retirement. img cpf minimum sum scheme diagram

 How to Calculate Your CPF Minimum Sum

  1. The Minimum Sum Can Be Reduced By Half If You Own a Property While many are still being fixated on the $155,000 number, they forget that if they own a property the Minimum Sum can be reduced by half potentially. Assuming the value of the property is worth more than the pledge amount which is half of the ......
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By Doctor Wealth
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