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Archive for September, 2014

Calculate CPF LIFE Effective Interest (with Workings)

Saturday, September 27th, 2014:

Last updated:Thursday, September 8, 2016  Do you know that there are many possible scenarios in CPF Life Annuity? It depends on the amount set aside by the CPF member, the CPF Life scheme that was chosen and the age that the  CPF member passes away. In this example, we assume a CPF member is born on 1/1/1960, and he turns age 55 on 1 Jan 2015. He sets aside $155,000 on 1 Jan 2015 for CPF Life. He will get his first payout at age 65 & 1-month-old and the first payment received would be on 31/1/2025. Based on the CPF website’s CPF LIFE Payout Estimator (link here) on LIFE Standard Plan […] Read More →

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