CPF Minimum Sum Scheme Introduced

Thursday, 1st January 1987

The Minimum Sum Scheme was introduced to help CPF members set aside sufficient savings to support a basic standard of living during retirement. When the scheme was first started, members were required to set aside a sum of $30,000 in their Retirement Account when they turned 55 years old. The Minimum Sum amount was progressively raised.

Newer Log  1987  Older Log