CPF Minimum Sum Scheme

GPTKB entity

Statements (20)
Predicate Object
gptkbp:instanceOf retirement savings scheme
gptkbp:administeredBy gptkb:Central_Provident_Fund_Board
gptkbp:appliesTo CPF members reaching age 55
gptkbp:country gptkb:Singapore
gptkbp:fundsHeldIn gptkb:Retirement_Account
https://www.w3.org/2000/01/rdf-schema#label CPF Minimum Sum Scheme
gptkbp:introducedIn 1987
gptkbp:minimumSumAmount adjusted periodically for inflation
gptkbp:monthlyPayoutsBeginAt age 65
gptkbp:payoutDuration until Retirement Account is depleted
gptkbp:payoutType monthly payouts
gptkbp:purpose ensure sufficient retirement savings
gptkbp:relatedTo CPF Life
CPF Retirement Account
gptkbp:replacedBy 2016
CPF Retirement Sum Scheme
gptkbp:requires set aside minimum sum at age 55
gptkbp:withdrawalCondition excess above minimum sum can be withdrawn at 55
gptkbp:bfsParent gptkb:Central_Provident_Fund_Board
gptkbp:bfsLayer 6