Committee of Supply 2025 debate, Day 5: Sylvia Lim on CPF withdrawals and nominations
CPF members born in 1958 or after who have not set aside their minimum sums can only withdraw S$5,000 from their Ordinary Accounts when they reach 55. A review on the limit of S$5,000 should be considered, said MP Sylvia Lim. She told parliament on Thursday (Mar 6) that people aged between 55 and 65 may face employment disruption or ill-health. Having some extra cash may be critical, she added.
CPF members born in 1958 or after who have not set aside their minimum sums can only withdraw S$5,000 from their Ordinary Accounts when they reach 55. A review on the limit of S$5,000 should be considered, said MP Sylvia Lim. She told parliament on Thursday (Mar 6) that people aged between 55 and 65 may face employment disruption or ill-health. Having some extra cash may be critical, she added.
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