Understand the CPF Full Retirement Sum (FRS), Basic Retirement Sum (BRS), and Enhanced Retirement Sum (ERS) with our comprehensive guide to CPF Retirement Sums and start planning for your retirement today. What happened? As part of Budget 2024, Deputy Prime Minister Lawrence Wong announced several key changes to the Central Provident Fund (CPF) system. Remember CPF SA shielding? This will no longer be applicable as the CPF Special Account (SA) will be closed when CPF members reach 55 years of age. The Enhanced Retirement Sum (ERS) will also be raised to four times that of the Basic Retirement Sum (BRS) from 2025. Read on to learn more about CPF retirement sums - Full Retirement Sum (FRS), Basic Retirement Sum (BRS), Enhanced Retirement Sum (ERS), and find out what this change to the ERS may mean for you. Understanding CPF Retirement Sum What you need to know is that there are three categories of CPF retirement sums. They are:

• Full Retirement Sum (FRS)

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