CPF top-ups rise by 60% to S$4.8 billion last year; members' balances exceed half trillion mark - CNA

SINGAPORE: Voluntary Central Provident Fund (CPF) top-ups reached a new high last year, jumping 60 per cent to S$4.8 billion. A total of 294,000 people made cash top-ups and CPF transfers to Special or Retirement Accounts, with more than half of them doing so…

Last year also saw about 416,000 members receiving monthly CPF retirement payouts amounting to S$2.2 billion. Of these, more than 85,000 members are on the CPF Life scheme, which provides lifelong m… [+1199 chars]

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