How does CPF Life work if an individual does not meet the Basic Retirement Sum (BRS) of $88,000?

Does the individual get lower monthly payouts? Or can they withdraw the money in their RA as a lump sum?

Discussion (2)

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Vincent Tan Wen Bin

28 May 2019

Assistant Vice President at Thinkers Alliance

Direct answer to your question is that you will get a lower monthly payout. You can't withdraw as lump sum.

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Hariz Arthur Maloy

28 May 2019

Independent Financial Advisor at Promiseland Independent

It will be pro rated. You can use the CPF Life estimator calculator on the CPF website to see. So if 88k gets you about 680 per month. 44k should give you about 340 per month. +- 10% or so.

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My parents' CPF do not meet the Basic Retirement Sum. If I were to start topping up their RA now making use of the Matched Retirement Savings Scheme, how will the monthly payout be decided?

What happens to CPF contribution from your salary into CPF SA after u reach Basic Retirement Sum? (assuming MA Basic healthcare sum is met)?

What if CPF RA exceed Enhanced Retirement Sum (ERS) at age 55? If choose not to withdraw, how much CPF life can pay? Using 1M65 as an example, how much CPF life pays based on 1million balance at 65?

Does the CPF Matched Retirement Savings Scheme only apply to CPF Life? Or is it also applicable to the Retirement Sum Scheme?

My MIL 79 years old this year, her CPF Retirement account almost empty. If I top up her account using cash as allowance, which scheme is better? The Retirement Sum Scheme or CPF life scheme?

My parents' CPF do not meet the Basic Retirement Sum. If I were to start topping up their RA now making use of the Matched Retirement Savings Scheme, how will the monthly payout be decided?

What happens to CPF contribution from your salary into CPF SA after u reach Basic Retirement Sum? (assuming MA Basic healthcare sum is met)?

What if CPF RA exceed Enhanced Retirement Sum (ERS) at age 55? If choose not to withdraw, how much CPF life can pay? Using 1M65 as an example, how much CPF life pays based on 1million balance at 65?

Does the CPF Matched Retirement Savings Scheme only apply to CPF Life? Or is it also applicable to the Retirement Sum Scheme?

My MIL 79 years old this year, her CPF Retirement account almost empty. If I top up her account using cash as allowance, which scheme is better? The Retirement Sum Scheme or CPF life scheme?