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Ace

27 Nov 2023

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For those with houses, at what age did you achieve Full Retirement Sum?

Wanting to know for those still paying their instalments with CPF OA/have paid their instalments with CPF OA, when one can reach FRS.

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Ivora

23 Jan 2024

The answers may not be relevant for your specific situation.

It depends on the loan quantum and your monthly income.

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Cryotosensei

05 Dec 2023

Blogger at diaperfinancingfund.blogspot.com

Hit FRS 1-2 months before 40 as a 40th birthday gift for myself haha

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YOC

01 Dec 2023

Isn't the FRS more on SA?

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Kent Toh

Edited 30 Nov 2023

Consultant at Sprinklr

Thanks for the question, for CPF I believe everyone has same goal just different timeline. We also have different context and make different decisions, so the naturally the outcome (age) will be different.

I got my BTO without using CPF, and I chose not to use CPF instalments (you can set at $1 in case in future you want make changes due to emergency). FRS at 33.

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ThinkForwardInvestor

30 Nov 2023

Easier to think about it is to base FRS on CPFSA.

So like what others said, it depends on your inco...

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At what age did you hit the full retirement sum? (with self-paid house pls) And will u top up SA (from OA/cash) to achieve FRS?

Will the BRS (basic retirement sum) and FRS (full retirement sum) keep increasing as we age and hit the 55 year old mark? What will be a good number to predict?

What happens when we dont hit our cpf full retirement sum by age 55? Will we still be getting payout?

Qn from community: If you have already achieved Full Retirement Sum (FRS) in your Special Account (SA), you are unable to convert part of the funds in your Ordinary Account (OA) to SA.

I understand that you can withdraw above the minimum sum once you hit the retirement age. However what if the retirement age is increased to say 85 in 30 years time?

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