- Advertisement -
The following is a written answer Singapore’s Manpower Minister gave to a Parliamentary Question on CPF account balances for deceased members from 2010 to 2015
—
Half of CPF members aged 65 or older who passed on in 2015 had about $6,800 or less left in their CPF accounts. Table 1 below shows the CPF balances of CPF members aged 65 or older who passed away between 2010 and 2015.
Table 1: CPF Balances of all SC/PRs aged 65 or older who passed away from 2010 to 2015
| In the Year | CPF Balances | |||
| Mean | Median | 10thPercentile | 90thPercentile | |
| 2010 | $ 8,300 | $ 3,000 | $ 100 | $ 22,200 |
| 2011 | $ 9,800 | $ 3,500 | $ 200 | $ 26,200 |
| 2012 | $ 12,300 | $ 4,000 | $ 200 | $ 30,300 |
| 2013 | $ 13,300 | $ 4,800 | $ 300 | $ 34,800 |
| 2014 | $ 16,100 | $ 5,700 | $ 400 | $ 39,700 |
| 2015 | $ 18,600 | $ 6,800 | $ 500 | $ 45,400 |
Any unused CPF balances are bequeathed to the deceased member’s nominated beneficiaries. If there are no nominated beneficiaries, the unused CPF balances are distributed under intestacy laws.
- Advertisement -
—
Source: MOM
- Advertisement -