How Much Money Is ‘Locked’ In My CPF? : A 1 Min Guide To Your CPF Retirement Sum
By Seedly • November 14, 2019
I’ve never been very familiar with the CPF scheme, yet time and again I’ve heard complains from Singaporeans about the Retirement Sum rising, and how hard it is to get your money out if you don’t meet the desired retirement sum.
What exactly is the CPF Retirement Sum? What does reaching BRS (Basic Retirement Sum) or FRS (Full Retirement Sum) mean?
For the uninitiated, here is a quick, one-minute guide on everything you need to know about your CPF Retirement Sum!
TL;DR: Everything You Need To Know About Your CPF Retirement Sum
Amount 'Locked In' Till Age 65
Monthly Payouts You Will Get When You Turn 65
Basic Retirement Sum (BRS)
$88,000
$730 to $790
Full Retirement Sum (FRS)
$176,000
$1,350 to $1,450
Enhanced Retirement Sum (ERS)
$264,000
$1,960 to $2,110
What Is The CPF Retirement Sum?
Source: tenor
When you turn 55, your CPF Ordinary Account and Special account will merge to become your Retirement Account....
