In my last article about CPF Life policy changes, I’ve analysed how the policy changes will affect my retirement plans and how I would aim to achieve the target of my projected Full Retirement Sum at the age of 55. Ever since changes to CPF Life plans were announced this year, I’ve been been thinking of different ways of maximising my payouts while keeping the option of a bequest available for my family when I pass away. Let’s do a quick recap on CPF Life policies. Retirement Sums, what are they? Doing away with the name, CPF Minimum Sum, CPF has introduced 3 types of Retirement Sums – Basic Retirement Sum (BRS), Full Retirement Sum (FRS), Enhanced Retirement Sum (ERS). For simple calculations, FRS is double the BRS amount and ERS is triple the BRS amount. If you were to opt for BRS, you will need to pledge your property or property charge ......