Median, Mean, 10th and 90th Percentile Totals in Deceased Members' Individual CPF Accounts

Mr Leon Perera asked the Minister for Manpower from 2010 to 2015, what has been the median, mean, 10th percentile and 90th percentile total amount of money in individual CPF accounts when those individuals became deceased in each of those years.

Mr Lim Swee Say: Half of CPF members aged 65 or older who passed on in 2015 had about $6,800 or less left in their CPF accounts. Table 1 below shows the CPF balances of CPF members aged 65 or older who passed away between 2010 and 2015.

Any unused CPF balances are bequeathed to the deceased member’s nominated beneficiaries. If there are no nominated beneficiaries, the unused CPF balances are distributed under intestacy laws.