Tuesday, January 14, 2025

Singapore CPF Retirement Schemes Updates

 

Scheduled maintenance: CPF digital services will be unavailable on 19 January 2025, from 12am to 2pm for scheduled maintenance. (Published 12 January 2025)



What are the Basic Retirement Sum, Full Retirement Sum and Enhanced Retirement Sum applicable to me?

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. Read on to find out what are the retirement sums applicable to you.

 

Basic Retirement Sum and Full Retirement Sum

 

Your Basic Retirement Sum (BRS) and Full Retirement Sum (FRS) are dependent on when you turn 55 and will remain the same for the rest of your life.

 

To help you better plan for your future, here are the retirement sums that are applicable to members who turn 55 from 2025 to 2027:

 

If you turn 55 in


Your BRS is


Your FRS* is


2025


$106,500


$213,000


2026


$110,200


$220,400


2027


$114,100


$228,200


*The FRS is set at 2 times of the BRS.

 

See the Full Retirement Sums since 1995 (PDF, 35.1KB). You can also find out how the retirement sums are determined and why the retirement sums are increasing yearly.

 

Enhanced Retirement Sum

 

If you are 55 and above, you can choose to top up your Retirement Account (RA) up to the current Enhanced Retirement Sum (ERS) for higher monthly payouts, regardless of when you turn 55. Here are the ERS amounts for 2025 to 2027:

 

Year


2025 (Current)


2026


2027


Enhanced Retirement Sum


$426,000


$440,800


$456,400


 

The ERS is currently set at 4 times of the BRS. From 2025, the ERS will be raised to 4 times the BRS to provide members an option to voluntarily top up more to their RA in order to receive even higher monthly payouts in retirement. To illustrate, members turning age 55 in 2025 can receive CPF LIFE monthly payouts of more than $3,000 for life from age 65, if they choose to top up to the raised ERS in 2025.  Learn more about the payouts you can receive.

 

As the ERS is increased every January, you can continue to make further top-ups to your RA every subsequent year.


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