Understanding retirement income and payouts around CPF can be overwhelming. The different pension payout options available and the different amounts of CPF we can withdraw are confusing for most people.  To plan retirement well, Singaporeans have to understand how best to utilise CPF LIFE (CPF Lifelong Income For The Elderly) for their retirement income needs. Understanding CPF retirement sums: BRS, FRS, and ERS The CPF retirement sum is a reference point for your desired monthly retirement payouts. There are three levels to consider: Basic Retirement Sum (BRS) and Full Retirement Sum (FRS) The BRS provides basic monthly payouts to cover living expenses, excluding rent. For those turning 55 in 2025, the BRS is set atS$106,500. The FRS is twice the BRS and is a reference point for how much an average Singaporean needs at retirement. It is currently S$213,000 for those turning 55 in 2025. If you choose to pledge...