I have been topping up my Mom's CPF account regularly and you can read more about that Journey here.
This year is no exception. I have topped up $8000 to my Mom's CPF account to first get the maximum tax relief and also to increase my mom's monthly payout and allowance due to inflation.
So how much did this $8000 top up increased her monthly payout by?
To find that out, first I have to log in to my Mom's CPF account using her Singpass.
Then go My cpf ➡ Retirement under My dashboards
Scroll all the way down to Monthly payouts and you can see the details of your CPF Life plan. You can view the payout history as well with by clicking on Monthly payout history.
So my mom was getting around $455 per month from CPF before the $8000 top up and after the top up, she will be getting around $500. That’s a $45 increase or 9% increase. I do noticed that it...