What is the Full Retirement Sum (FRS) for Singaporeans turning 55 in 2026?

Full Retirement Sum (FRS) for Singaporeans Turning 55 in 2026

The Full Retirement Sum (FRS) is a key figure determining CPF payouts. For Singaporeans turning 55 in 2026, the FRS will be S$220,400.

FRS Calculation and Context

The FRS amount is adjusted annually. The knowledge provided indicates that the FRS for those turning 55 in 2025 is S$213,000. Following the established trend of annual increases, the FRS for 2026 is explicitly stated as S$220,400.

Impact of SA Closure at Age 55 (2026)

Since the Special Account (SA) closes for members aged 55 and above starting January 2025, this figure is crucial for the creation of the Retirement Account (RA) in 2026. When an individual turns 55 in 2026:

• Money in the SA will first be transferred to the new RA up to the FRS amount of S$220,400.
• If the SA balance exceeds S$220,400, the excess amount flows to the Ordinary Account (OA), earning 1.5% less interest (2.5% instead of 4% on the RA portion).
• If the SA balance is less than S$220,400, the RA is topped up to S$220,400 using funds from the OA.

Related Retirement Sums for 2026

It is also useful to note the related figures for 2026:

• Enhanced Retirement Sum (ERS): This is set at 4 times the Basic Retirement Sum (BRS), which equates to S$440,800 (2x FRS).
• Basic Retirement Sum (BRS): While not explicitly stated for 2026, the BRS is generally half the FRS. (For context, the 2025 BRS is S$106,500).

These figures govern the maximum withdrawal amounts at age 55 and the eventual monthly payouts under CPF LIFE starting from age 65 (CPF Board).