Wow, it looks like there is not just an upward trend of people voluntarily contributing to their CPF, there is also an upward trend of people choosing to defer their monthly payouts!
In just 2 years from 2019 to 2021, the proportion of people who choose to defer payouts when they reach 65 has gone up by at least 10% (43% to 54%).
Members have wised up to the emotive and false arguments floated by the 'return my CPF' gang.
You can defer your payouts by any number of months or years but not beyond. 70. Once you hit 70, no deferment is allowed. Those who choose to defer payouts until 70 will receive 30% more in monthly payouts, thanks to attractive CPF interest rates.
