Why are my total CPF contributions used as a reflection of my lifetime wages in the assessment of eligibility of the Silver Support Scheme?
CPF contributions are proportionate to a person’s wage. They thus serve as an indicator of one’s ability to save.
We will look at the senior’s total CPF contributions by the age of 55 to assess his/her eligibility for the Silver Support Scheme. This refers to the sum of contributions to the Ordinary Account (OA) and Special Account (SA), as well as any CPF savings that had been withdrawn for housing, investment and education.
This information is sourced from CPF
Related questions
Why is the age cut-off for total CPF contributions set at 55 for the assessment of eligibility for the Silver Support Scheme?
How can I check how much total CPF contributions I have at age 55 for assessing my eligibility for the Silver Support Scheme?
Why is the threshold for total CPF contributions set at $140,000 to be eligible for the Silver Support Scheme?
Why is household monthly income per person used as an indication of my household support for the Silver Support Scheme?
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