|
|
|
2.2 million Singaporeans have qualified for the
CPF top-ups of between $50 and $450 to be made on 1 July 2005. |
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All Singaporeans who qualified for the third lot
of Economic Restructuring Shares (ERS) early this year will automatically
receive the top-ups on 1 July 2005. |
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In April 2005, the CPF Board sent letters to the
remaining 75,000 Singaporeans to ask them to reply if they want the top-ups.
So far only 5,000 Singaporeans have returned the forms provided. The rest must
return their form by 31 May 2005 to qualify. |
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The top-up of between $50 to $350 to the CPF
Medisave Accounts will help Singaporeans adjust to the increase in MediShield
premiums while the top-up of $100 to the CPF Retirement or Special Accounts
will help older Singaporeans save more for their retirement needs. Table 1
shows the amount of CPF top-ups Singaporeans will receive on 1 July 2005. |
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Table 1: Top-Ups to CPF Medisave and Retirement or
Special Accounts |
| กก |
Age on 1 Jan 2005 |
|
21-39 |
40-49 |
50-59 |
60 and above |
| Medisave Top-Up Amount |
$50
|
$100
|
$250
|
$350
|
| Retirement/Special
Top-Up Amount |
- |
- |
$100
|
$100
|
| Total CPF Top-Up
|
$50
|
$100
|
$350
|
$450
|
|
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The form to claim the CPF top-ups can also be
downloaded from the CPF website.The public can call 1800-687-0-787
(1800-MTS-0-RTS) for assistance. |
MINISTRY OF FINANCE
24 May 2005 |
|
Source:
Ministry of Finance Press Release 24 May
2005 |
70,000 Singaporeans yet to qualify for CPF Top-ups
