I was interested to read the news on the revision of the CPF Minimum sum. From 1 July 2011, watch the CPF Minimum sum $ 123, 000t of $ 131,000. This was recently announced by the Governing Council of the ACB. The new minimum amount is applicable to the members of CPF 55 years from 1 July 2011 and 30 June 2012. Indeed, the minimum amount of the scheme was set at $ 80,000 in 2003 and has been adjusted each year, taking into account adjustments.
The minimum sum scheme is intended to assist with the preparation for the retirement of the CPF members where they potentially permanent income for the rest of their lives.
Surprisingly, I’ve noticed that many young people seem not aware that the minimum system and how it applies to them. These people often have the misconception that retirement is something that matters to them later in their work should
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