CPF minimum sum 2014

The CPF minimum sum will be raised to S$155,000 for those who turn 55 between July 1 this year and June 30 next year. 

http://www.todayonline.com/singapore/cpf-minimum-sum-rise-s155k-july

Back in Jan 2014, I made an estimate of the CPF minimum sum on these 2 posts:

CPF minimum sum for July 2014 [Predicted]

In this estimate, I calculated the estimated minimum sum based on an inflation rate of 2.4%. My calculations worked out to be $154800 which is quite close to the announced figure of $155000. Perhaps CPF board rounded the nearest $1000 or $500 instead of $100 in my calculations.

I have also done a small revamp on the 30 year projection to include actual values.

CPF minimum sum for Jul 2013 and projections for 30 years

Increase in Medisave min sum

From July 1, the Medisave Minimum Sum will also be raised to S$43,500 from S$40,500, while the Medisave Contribution Ceiling will be increased correspondingly to S$48,500, from S$45,500.

For people who have hit the contribution ceiling, any Medisave contributions will go to your special account instead. Both account currently earns you an interest of 4% per year.