Yes.
But for people with very little CPF, the $5000 minimum withdrawal sum at 55 has priority I think.
http://mycpf.cpf.gov.sg/NR/rdonlyres/C7A...ooklet.pdf
But for people with very little CPF, the $5000 minimum withdrawal sum at 55 has priority I think.
http://mycpf.cpf.gov.sg/NR/rdonlyres/C7A...ooklet.pdf
(10-02-2015, 11:05 PM)CY09 Wrote: Sorry guys,
have a question. All the recent tweaks about the basic retirement sum etc. I noticed there is still one more medisave minimum sum. So does it mean at age 55, we are actually required to set aside $80,500 + $43,500? And if we have insufficient amount in MA to meet $43,500, will it still be drawn down from our MA/SA first before the reminder of MA/SA goes to our retirement account?