5 CPF myths debunked

Instead of taking money out, many savvy savers are trying to find ways to put funds back into their CPF. PHOTO: ST FILE
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Some people have the wrong idea of CPF Life due to their poor understanding of the scheme.

Chief among all the myths is that the scheme unfairly prevents members from withdrawing all their Central Provident Fund money at 55 and then pays out only a small sum every month.

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A version of this article appeared in the print edition of The Sunday Times on July 05, 2020, with the headline 5 CPF myths debunked. Subscribe