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Unlike the current annuities, the new scheme will only kick in after the Minimum Sum is dried up and only a small portion of the Minimum Sum will be used to purchase the 'tail-end annuity'.
CPF members in this annuity scheme will receive between $250 and $300 in monthly living expenses when they attain 85 years of age.
Edited by Sam Gian
(Singapore's Independent Real Estate Trainer & Consultant)
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