This comment needs a reply from CPFB – I chose the Basic Plan at age 55 and continue annual top up to the prevailing FRS to get tax relief. If at some point I decide to top up to the prevailing ERS, would my Basic Plan still stays but with payout at higher quantum OR is it changed to something else that I do not know. I wrote a few rounds to CPFB but yet to get an answer. Please enlighten me through this channel.
Author
CPF Board
Hi Ms Wong
Retirement Account top-ups will enable you to receive higher monthly payouts under your current CPF LIFE Basic Plan. Top-ups will not affect your plan type.