Issue 2016/10

Here are some useful facts to help you better manage your CPF savings:

  1. You can choose from three levels of retirement sums to set aside in your Retirement Account – Basic, Full or Enhanced Retirement Sum. Currently the Basic Retirement Sum (BRS) is $80,500, the Full Retirement Sum (FRS) is $161,000, and the Enhanced Retirement Sum (ERS) is $241,500. Reference Link
  2. The maximum CPF Cash Top-up relief is $14,000 (maximum $7,000 for self and maximum $7,000 for family members). Reference Link
  3. The CPF Annual Limit is the maximum amount of mandatory and voluntary contributions to all three CPF Accounts that a CPF member can receive in a calendar year. The current CPF Annual Limit is $37,740. Reference Link
  4. You can get an extra 1% interest paid on the first $60,000 of your CPF combined balances (with up to $20,000 from the Ordinary Account). Reference Link