I REFER to the payouts involving the Central Provident Fund (CPF) Minimum Sum. I understand that any amount over the prevailing Minimum Sum will not generate a higher payout, but instead will prolong the period of payout.

In other words, any amount above the previous Minimum Sum of $84,500 will not pay more than $668, assuming zero amount is set aside for property pledge, even if I top up my Minimum Sum to $117,000.

The current Minimum Sum is $117,000 and the payout is $1,040.

As we are allowed to top up our previous Minimum Sum of $84,500 to the prevailing Minimum Sum of $117,000, I see no reason why we should not get a higher payout of $1,040, rather than $668 and a prolonged period of payout.

Richard Foo