Singapore legislation
Regulation 5
of Central Provident Fund (Lifelong Income Scheme) Regulations 2009
Regulation 5
Amount prescribed for section 27K(2)(b)(iii) of Act
The amount prescribed for the purposes of section 27K(2)(b)(iii) of the Act is —
(a)
in the case of a member who attains 55 years of age on or after 1 January 2013 but before 1 May 2016 —
(i)
on an assessment date which is the date the member attains that age — $40,000; or (ii)on an assessment date applicable to the member prescribed in regulation 5A — $60,000; and
(b)
in the case of a member who attains that age on or after 1 May 2016, on an assessment date applicable to the member prescribed in regulation 5A — $60,000.