CPF – Aged 55 & above

This post is meant to summarised what you need to know about CPF when you’re turning 55

  1. You have to choose the 3 levels of retirement sums that you want
    • Basic Retirement Sum (BRS)  – ($83k)
    • Full Retirement Sum (FRS) – ($166k)
    • Enhanced Retirement Sum (ERS) – ($$249k)
  2. After 65 you can choose from 3 CPF Life plans  // You can choose when you want to start the payouts
    • Standard plan
      • Pays you more today less for your kids in the future
    • Basic plan
      • Pays you less today more for your kids in the future
    • Escalating plan
      • The payout increases as you grow older while ur kids gets a smaller pay
  3. Healthcare
    • Your basic healthcare sum as of 2017 is $52k
  4. Interest Rate
    • Like mentioned previously in my other CPF post, you will have additional interest rate (1-2%) on all your accounts.


  1. Can I do lump-sum withdrawals?
    • Not unless you turned 55 before the year 2013
  2. How much can I withdraw from my CPF?
    • $5k and below — Haven’t meet BRS/FRS (Requirements)
    • $5k – Your FRS  — Excess in your RA after the BRS (Requirements)
    • More than your FRS — Excess in your RA after the FRS (Requirements)
      • Example : You have $120k, You can withdraw $37k ($120k – $83k).
  3. What if the total amount in your CPF doesn’t even meet BRS
    • You can only withdraw up to $5k
  4. Can I don’t sign up for CPF LIFE?
    • Yes, ONLY  if you dont want to be a citizen, have certain illness (that requires that money), reduced life expectancy.
    • or else, You HAVE TO sign up

p.s Let me know if I missed out on other informations that could really benefit everyone 🙂

“+1 Knowledge point”


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