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What is Estimated Withdrawal Amount in CPF lingo ?

Thread starter Khun Ying Pojaman
Start date Jan 22, 2011

Khun Ying Pojaman

Alfrescian

Loyal

Jan 22, 2011

The Estimated Withdrawal Amount is applicable to members who are past 55, and it's the sum of

(1) your ordinary account
(2) your special account
(3) some excess above your Medisave Minimum Sum

What is the significance of EWA ? The CPF site fails to explain.

Is this the amount that a retiree is entitled to withdraw lump sum ?

Does it mean that when you're past 55 and still working, whatever contributions that are made to your Ordinary A/C and Special A/C every month will be withdrawn once every year ?

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