After playing with the CPF LIFE Payout Estimator at this URL for a while, I am still none the wiser as to what is the actual CPF Life payout for each individual and how that payout figure is calculated.
I was told that the actual CPF Life payout amount is at the low end of the range given by the CPF Life Payout Estimator Calculator. If so, could we also assume that the bequest amount is likely to be at the low end of the range as well?
Until CPF Board becomes transparent with the actual CPF Life payout and how the payout figure is calculated, we can only rely on the figure told to us by our friends and relatives, which leads us to the conclusion that CPF Life payout sucks!
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