| 4.18 For Singaporeans aged 50
and above, I will top-up their CPF Special or
Retirement and Medisave accounts. These top-ups
will be tiered by age and Annual Value (AV).
4.19 Those aged 60 and above who live in a property
with an AV of $6,000 and below will get the largest
top-up of $800. Those aged between 50 and 59 staying
in properties with AV above $10,000 will receive
the lowest amount of $100. We will divide the
top-ups equally between the CPF Special or Retirement
Account and the Medisave Account to cater to both
retirement and healthcare needs. The top-ups will
be made on 1 May 2006. They are expected to cost
the Government $500 million.
Table 4. Top-Ups to CPF
Special/Retirement Account and Medisave Account
| 50-59 |
$600 |
$400 |
$100 |
| 60 & above |
$800 |
$600 |
$200 |
|
