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Tag Archives: minimum sum

CPF Minimum sum: Retirement scheme, or money hoarding monster?

By SY Lee and Leong Sze Hian We refer to the announcement by the Ministry of Manpower and the Central Provident Fund (CPF) board that the CPF Minimum Sum will be raised to $155,000 from July 1. (press release) It states that the Minimum Sum will be raised to $155,000 for CPF members, up from $148,000 for those turning 55 between …

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