Calculation of minimum sum
5.  In calculating the minimum sum which a member is required to set aside under section 15(6) of the Act, the Board shall take into account the following matters at the time the member attains the age of 55 years:
(a)the sum standing to the member’s credit in the Fund (excluding the balance in his Medisave Account);
(b)the amount withdrawn by the member pursuant to regulations made under section 77(1)(h) of the Act (relating to the purchase of immovable properties) or the net value of the immovable property, whichever is the less;
(c)the amount withdrawn by the member pursuant to regulations made under section 77(1)(n) of the Act (relating to the making of investments).
[S 370/2006 wef 01/07/2006]