What is the Basic Retirement Sum, Full Retirement Sum, and Enhanced Retirement Sum in CPF?

CPF Retirement Sums (Based on 2025 Figures)

The CPF system defines three key retirement sums that determine the expected level of monthly payouts from age 65 under CPF LIFE. These figures are updated annually. Based on the provided information, here are the figures relevant for those turning 55 in 2025:

• Basic Retirement Sum (BRS): This is the minimum sum required in the Retirement Account (RA) at age 55 to receive monthly payouts starting from age 65, sufficient to cover basic living expenses. For 2025, the BRS is S$106,500 (as implied by the property pledge rules, where amounts above BRS can be withdrawn/pledged).

• Full Retirement Sum (FRS): This sum, when set aside in the RA at age 55, provides higher monthly payouts compared to the BRS. For those turning 55 in 2025, the FRS is S$213,000. This is the amount SA savings are topped up to when the RA is created.

• Enhanced Retirement Sum (ERS): This is the maximum sum that can be set aside in the RA. It provides the highest monthly payouts. The ERS is set at twice the FRS. For 2025, the ERS is S$426,000 (4x the BRS).

Key Context:

• Impact of SA Closure (Age 55): When the RA is created, SA savings fill the RA up to the FRS (S$213k). Any excess SA savings above the FRS are transferred to the Ordinary Account (OA), earning 2.5% instead of the 4% in the RA.
• Future Figures (2026): For context, the FRS for those turning 55 in 2026 is projected to be S$220,400, and the ERS S$440,800 (Source: Knowledge provided).

These sums are crucial as they dictate the quantum of CPF LIFE payouts received from age 65 onwards, although actual payouts depend on the cash amount in the RA at the payout start age.