A bequest is the money that you leave to your beneficiaries after your death.
Under the CPF LIFE plans, we will refund all your unused annuity premium (without interest) ​and Retirement Account savings, if any, after your death.
We will pay any refund into your CPF account. This will then be paid to your beneficiaries along with your remaining CPF savings.
“I queued at the CPF Board at Bishan this morning (26 September) to ask “Since I have received your letter informing me that my monthly payout which is supposed to start at age 64, has been automatically deferred to start at age 70, unless I request otherwise – what is the higher payout that I will get from age 70?” “The staff’s answer: “We can’t tell you the amount because it’s a projection.” “Then I followed up with another question: “But if I wait 6 more years to start my payouts I would need to know how much more right?” “She looked at her computer terminal again and replied: “the amount is the same – just that it would last longer for more years”. “But the letter I received says I will get more, the later I delay my payout to 70, 69, 68, 67, 66, 65 and 64?”
Changes proposed to ease CPF transfers to parents, grandparents
More people may soon be able to help their elders save for retirement.
Changes to the Central Provident Fund (CPF) Act have been proposed in Parliament to lower the minimum amount that members must have in their own CPF accounts before making transfers to their parents and grandparents.
Currently, CPF members must meet the prevailing Full Retirement Sum - which is $166,000 for CPF members aged 55 this year - before they can transfer extra savings to their parents' or grandparents' accounts.
Members aged above 55 need to meet the retirement sum specified for their cohort.
The changes proposed by the Ministry of Manpower (MOM) yesterday will allow CPF members to make such transfers if they have at least the Basic Retirement Sum - which is half the full sum - and a sufficient property pledge or charge to make up the rest of the full sum.
The ministry said in a press statement that the aim is to improve the retirement adequacy of CPF members.
Last year, the threshold to make transfers to a spouse's CPF account was lowered to the basic sum, instead of the full sum.
发表于 1-10-2017 05:58 PM
。到我真实55岁时，应该还不到30万新元（ers = brs X 3））：
不错！）
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