Option of partial lump-sum CPF withdrawals for retirees

SINGAPORE — Central Provident Fund (CPF) members will have the option to withdraw part of their CPF savings in a lump sum when they need to, subject to limits, said Prime Minister Lee Hsien Loong yesterday.
The amount that can be taken out cannot be excessive — up to 20 per cent of total monies, for example — and should be withdrawn only during retirement, added Mr Lee.

Source: www.todayonline.com


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