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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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?

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