- Home
- News & Resources
- Newsroom
- 70,000 Singaporeans yet to qualfy for CPF Top-ups
Press Releases
70,000 Singaporeans yet to qualfy for CPF Top-ups
24 May 2005
This article has been migrated from an earlier version of the site and may display formatting inconsistencies.
1. 2.2 million Singaporeans have qualified for the CPF top-ups of between $50 and $450 to be made on 1 July 2005.
2. 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.
3 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.
4. 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.
Table 1: Top-Ups to CPF Medisave and Retirement or Special Accounts
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 |
5. The form to claim the CPF top-ups can also be downloaded from the CPF website.The public can call 1800-227-1188 for assistance.
MINISTRY OF FINANCE