The Retirement Account will be funded first by what’s in your Special Account, and subsequently by what’s in your Ordinary Account. This is until the pre-determined “Full Retirement Sum (FRS)” has been hit. However, when I read up on4M65(the goal of achieving S$4m in total CPF ...
Enhanced Retirement Sum (ERS = BRS x 3). Whenever a Singaporean turns 55, the OA and SA will combine to make the Retirement Account. The CPF member will draw a lump sum, leaving the retirement sum behind in the RA to build the retirement income. Below is the table for the CPF ...
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