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FORM SI Via Direct Debit CPF Board Mycpf Cpf Gov

FORM SI Via Direct Debit CPF Board Mycpf Cpf Gov

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Instructions and help about FORM SI via Direct Debit CPF Board Mycpf Cpf Gov

so now let's now we have talked about uh cpf as accumulation tool we can now go into how we can use cpf as a withdrawal tool so in order to understand cpf as a withdrawal tool it's important for us to First understand cpf life okay so in order to understand cpf life I will have to bring us back to a time where cpf life was still not a thing yet so in the past it was actually the minimum sum scheme okay so which was subsequently renamed to the retirement sum scheme in year 201 and 16 okay so let me illustrate how this minimum sum scheme works okay so this is a timeline of a person okay so it's now here as he continued to work for an income for until about 55 years old okay so he'll be contributing into his cpf into this three three different accounts as we have discussed earlier okay let's just assume that this person he Contin contribute into his uh cpf accounts okay until 55 years o okay let's assume that his cpf account is now about 210

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