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Zack

26 May 2021

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'Voluntary CPF contributions does not count towards the 3 CPF Retirement Sum'. So this just means that we have to continue working and rely on the monthly mandatory CPF contributions from our jobs?

Lets say one's goal is to hit the ERS( to also have comfortable payouts under CPF Life). However what if we just started our career and may not be able to hit the ERS by 55 due to a few things, perhaps not enough time to accumulate the required amount or our earnings are average. Maybe there's more circumstance that we can't hit the ERS (or even FRS).

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Tan Choong Hwee

26 May 2021

Solutions Specialist at Providend

Where did you get this idea of "Voluntary CPF contributions does not count towards the 3 CPF Retirement Sum" (assuming the 3 CPF Retirement Sum refers to BRS/FRS/ERS)?

Don't underestimate the power of compounding. Even if you earn a monthly salary of $4k with 1 month bonus (AWS) and no annual increment from 25 to 55, you would have hit ERS at 55. You can use the following CPF Calculator to play with various parameters and what you can achieve at 55:

Value Warrior CPF Calculator

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Wrong Sean

26 May 2021

What do you mean by that statement and where was it mentioned?

Voluntary CPF contributions via RSTU do count towards the CPF retirement sum.

https://dollarsandsense.sg/retirement-sum-toppi...

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