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- Jul 19, 2011
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By the way, FRS will increase every year. So every time you have cash to spare, just top up your Special Account yearly.
FYI...
For those turning 55 in 2018, the Full Retirement Sum is $171,000.
For those turning 55 in 2019, it will be $176,000.
Those who will hit 55 in 2020 will have to set aside at least $181,000.
The figures for the years after 2020 have not been released yet.
But based on current trends, we can estimate that in 20 years’ time, the Full Retirement Sum might be about $280,000.
How many sinkees have this kind of money in their CPF? After paying off hdb loan, not much left leh.