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Hi Sir/Mdm,
Regarding CPF matter, either might be or might not be the right place to ask. But I will just proceed. My Question Is:

At the age of 64, if a person's minimum CPF retirement wasn't enough, do they have to calculate the amount as someone who is turning 55 in 2022? estimated at 196k or reverse calculation which brings us to 2013 when this person turned 55 and had to contribute the amount estimated at 148k.

Which year should they focus on contributing is it 2013 or 2022?

Hope you could understand my question.

Thank you for your answer.
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2 Answers

Hi,

The CPF retirement sum is based on the age that the owner turns 55 years old, and his/her relevant cohort amount will apply. Which in your case is 2013. Just wondering your next step and if you are planning to sell your current property?

Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
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Robbie Chen Chee Howe
Hi Pearl,

It's based on the year the person turned 55.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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