Change In CPF Minimum Sum Scheme
Saturday, 1st July 1995
The CPF Minimum Sum (MS) of $40,000 is the amount you have to set aside, in your Retirement Account (RA), for retirement needs in the Minimum Sum Scheme (MSS). It need not be all in cash. Up to $36,000 can be a property pledge. Your RA is set up when you reach 55 and it comprises savings from your Ordinary and Special accounts.