CPF Minimum Sum Increased To $123K

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The prevailing CPF Minimum Sum (MS) will be revised to $123,000, up 5% from $117,000. Members who can set aside the full MS will receive about $1,100 per month when they reach their draw down age. The new MS will apply to CPF members who turn 55 from 1 July 2010 to 30 June 2011.

The Medisave Minimum Sum (MMS) will be raised to $34,500 from $32,000. Members will be able to withdraw their Medisave savings in excess of the MMS at or after 55 years old.

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