CPF Minimum Sum

The CPF minimum sum will be revised upwards to $131,000 from the previous $123,000 from July 1, announced the Ministry of Manpower (MOM) in a statement on Tuesday.The new minimum sum will apply to CPF members who turn 55 from July 1 2011 to June 30 2012.Those who can set aside the minimum sum fully in cash can apply to commence monthly payouts of $1,170 when they reach their draw down age.The