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Jun 25, 2024 · The Basic Retirement Sum (BRS), Full Retirement Sum (FRS) and Enhanced Retirement Sum (ERS) provide a guide on the CPF savings you need to set aside to receive your desired monthly payouts in retirement.
- CPFB | What is the change to the Enhanced Retirement Sum in 2025?
The Enhanced Retirement Sum (ERS) will be raised in 2025...
- CPFB | What is the change to the Enhanced Retirement Sum in 2025?
- Angela Koo
- CPF Retirement Sum Only Kicks In At Age 55. When CPF members – Singaporeans and Permanent Residents (PRs) – turn 55 years old, a Retirement Account (RA) will be created for us.
- Basic Retirement Sum. For most Singaporeans, the greatest asset we own is our property (and it is also the asset that we spent most of our CPF monies on).
- Full Retirement Sum (FRS) The Full Retirement Sum (FRS) is meant to safeguard our retirement and is the maximum amount that would be transferred to our RA at age 55 and the maximum we can top up our SA before the age of 55.
- Enhanced Retirement Sum (ERS) The Enhanced Retirement (ERS) is a little different from the BRS and FRS as it represents the upper limit of what we can top up our Retirement Account (RA) and the upper limit of our CPF Life payouts.
- The Enhanced Retirement Sum (ERS) Was Introduced In 2016. The Enhanced Retirement Sum (ERS) was introduced in 2016 after a review by the CPF Advisory Panel in September 2014 to make the CPF more flexible and dynamic.
- ERS Is The Maximum Amount We Can Top Up Our RA After Age 55. The ERS is the maximum amount that we can voluntarily contribute to our RA when we turn 55 and above.
- The ERS Increases Every Year. While the BRS and FRS are fixed for the rest of our lives based on the cohort sum when we turn 55, the ERS increases annually.
- The ERS Will Be Increased To 4 Times The BRS From 2025. As announced in Budget 2024, the ERS will be raised from the current 3 times of the BRS to 4 times in 2025.
Jun 21, 2024 · Planning for your retirement is easier with the retirement sums – Basic Retirement Sum (BRS), Full Retirement Sum (FRS), and Enhanced Retirement Sum (ERS). They provide a guide on the CPF savings you need to reach your desired monthly payouts in retirement.
Jun 16, 2024 · The Enhanced Retirement Sum (ERS) will be raised in 2025 from three times to four times of the Basic Retirement Sum (BRS). This will provide CPF members aged 55 and above the option to voluntarily top up more to their Retirement Account for even higher CPF monthly payouts in retirement.
Feb 17, 2024 · The Enhanced Retirement Sum (ERS), which is the maximum amount members can put in their CPF Retirement Account to accrue interest and receive payouts, will be pegged to four times the Basic...
Jun 21, 2024 · Enhanced Retirement Sum (ERS) Each sum unlocks different guaranteed payouts later and is likely to increase year-on-year. However, the increase will depend on when you turn 55, in which the sums will stay unchanged for the rest of your life. Here are what the retirement sums look like for those turning 55 from 2024 to 2027:
