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Anonymous

02 Nov 2019

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If my FRS is already full and I am less than 55 years old, am I allowed to top up to ERS? Or do I need to wait for RA account to be formed at age 55 then I am allowed to top up RA account to ERS?

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Benjamin Chong

4d ago

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Hariz Arthur Maloy

02 Nov 2019

Independent Financial Advisor at Promiseland Independent

Yes, you have to wait. But your SA is not capped at the FRS. It can still increase from Mandatory Contributions and Interest earned on the account. So it'll keep increasing even probably past the ERS.

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Questions on CPF Retirement Account, assuming I have reached FRS at 55 years old, a RA is formed?

Will the BRS (basic retirement sum) and FRS (full retirement sum) keep increasing as we age and hit the 55 year old mark? What will be a good number to predict?

For CPF LIFE payouts, If I already have the ERS amount in my SA at 55, what is the difference if I top up RA to ERS at 55 VS topping up to ERS only at 64 before payout?

47 years old, 2k in oa and 64k in sa, and 55k in ma, 25k to pay off hdb loan how much must I have in sa to reach the frs at age 55? and once u hit the frs at age 55. u still only can take out 5k?

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?

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