The FRS is adjusted by the CPF Board annually and will depend on the year you turn 55 and is fixed for the rest of your life. For example, for those turning 55 in 2023, the FRS is S$198,800 and will ...

Meanwhile, incoming CPF contributions will go to the RA up to the FRS, with any excess allocated to the OA. According to Tan, members can retain their CPF Investment Scheme-Special Account (CPFIS ...

There is also a limit on the top up amount for the computation of tax relief that is contingent on the retirement sum in your CPF account. For those below 55 years of age, the limit is the difference ...

CPF members over 55 can take out excess CPF savings if they have set aside their cohort’s Full Retirement Sum (FRS) in their Retirement Account. They can fulfil their FRS requirement with cash ...

Hence, it’s also why the government would set up decades in advance the Central Provident Fund (CPF) to assure we have ...

the CPF Board said on Sunday that those above 55 years old, like Mr Lim, would need to set aside a full retirement sum (FRS) in their retirement accounts before they can use the remaining savings ...