At the end of the video, if you choose basic plan, you will have some money to pass on to your bequest beneficiaries if you pass on early, like before 90yo. For standard plan, nothing left for beneficiaries. Escalating plan is starting after 65 you will get less monthly payouts, the monthly payouts will increase with every passing year.
If I choose to top up RA up to the ERS (3*BRS) after age 55, and then I got retrenched, can I withdraw money from RA? Do I have to wait till age 65 to withdraw 20% of the RA?
Hi Shelley, Yes, you must wait till age 65 to withdraw 20% of your RA savings. However, there are other ways to withdraw from your CPF savings. Since you have already met the FRS requirement at age 55, you can freely withdraw whatever savings in your SA and OA. The withdrawal sequence would be from SA first, then from OA after SA is depleted. Another way is to withdraw from RA by property pledge after age 55. If you own a property with remaining lease that can last you to at least age 95, you can pledge your property and withdraw from your RA up to an amount in excess of BRS, excluding interest earned, any government grants received and top ups to your RA. For more information on CPF withdrawals, please read this FAQ on CPF website: www.cpf.gov.sg/member/faq/retirement-income/retirement-withdrawals/how-much-cpf-savings-can-i-withdraw -- Choong Hwee, Solutions Specialist of Providend
THANK YOU .i understand more time
Thank you @chengboonpoon879 for taking the time to leave a comment!
谢谢耐心的讲解！
Thank you!
At the end of the video, if you choose basic plan, you will have some money to pass on to your bequest beneficiaries if you pass on early, like before 90yo. For standard plan, nothing left for beneficiaries. Escalating plan is starting after 65 you will get less monthly payouts, the monthly payouts will increase with every passing year.
If I choose to top up RA up to the ERS (3*BRS) after age 55, and then I got retrenched, can I withdraw money from RA? Do I have to wait till age 65 to withdraw 20% of the RA?
Hi Shelley,
Yes, you must wait till age 65 to withdraw 20% of your RA savings. However, there are other ways to withdraw from your CPF savings.
Since you have already met the FRS requirement at age 55, you can freely withdraw whatever savings in your SA and OA. The withdrawal sequence would be from SA first, then from OA after SA is depleted.
Another way is to withdraw from RA by property pledge after age 55. If you own a property with remaining lease that can last you to at least age 95, you can pledge your property and withdraw from your RA up to an amount in excess of BRS, excluding interest earned, any government grants received and top ups to your RA.
For more information on CPF withdrawals, please read this FAQ on CPF website:
www.cpf.gov.sg/member/faq/retirement-income/retirement-withdrawals/how-much-cpf-savings-can-i-withdraw -- Choong Hwee, Solutions Specialist of Providend
@@ProvidendSG thank you very much
这保健户口的使用限制，对许多有买保险的人来说，更本没有存在的价值与必要. 建议政府可以考虑在55岁以后，将保健储蓄纳入退休户口. 这样以来，可以增加每月可领取的公积金以应付年老的时候，高额的保费上涨. 许多的退休人士在计算退休的时候，往往没有考虑到保险的费用， 这将会导许多的年长人士断保，陷入困境.
@chinsienliew556，感谢您提出的建议。
保健储蓄（MediSave）的初衷，是为了确保每个公民和永久居民有足够的资金支付最基本的医疗费用，包括支付门诊、住院及手术、健康检查、生小孩、医疗保险等费用。保健储蓄的提款限额（Withdrawal Limit），是经过仔细考量而精心设定的，通常是足以覆盖补贴病房和门诊治疗的大部分费用。
年长人士的保险费，的确会随着年龄增长而大幅增加，因此政府推出终身健保（MediShield Life）和终身护保（CareShield Life）计划，帮助承担补贴病房和长期护理的费用，提供较能负担得起的保费，还可以用保健储蓄来支付部分保费。另一方面，政府会定期检视医疗费用和保费上涨的情况，相应地调整提款限额、基本保健存款（Basic Healthcare Sum），必要时给予补贴和支持，来减缓医疗费用上涨的压力。
对于已经购买医疗保险的人士，他们可以选择用保健储蓄来支付保费，省下用来付保费的现金，用于退休后的日常生活费用。
把保健储蓄纳入退休户头，可能导致一些人把预留给医疗花费的储蓄都用在退休生活费用上，等到真正需要医疗资金时，已经没有储蓄可用了，这样会削弱退休人士的医疗保障了。