Why is the age cut-off for total CPF contributions set at 55 for the assessment of eligibility for the Silver Support Scheme?
For the assessment of eligibility for the Silver Support Scheme, we do not look at CPF contributions after the age of 55, so as to encourage older Singaporeans to continue working and saving for retirement.
We have also set the cut-off age at 55 to provide a meaningful comparison across cohorts, which experience different sets of CPF withdrawal rules and wage adjustments after age 55.
This information is sourced from CPF
Related questions
How can I check how much total CPF contributions I have at age 55 for assessing my eligibility for the Silver Support Scheme?
Why are my total CPF contributions used as a reflection of my lifetime wages in the assessment of eligibility of the Silver Support Scheme?
Do I qualify 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?
Need more help?
Get in touch