If you're turning 55 soon and have yet to meet your Basic Retirement Sum (BRS), you might be wondering if you need to top up the shortfall in cash.

No, you don't have to. While it's good to have the BRS in your Retirement Account (RA), you don't have to make up for any difference in cash. The amount that you have in your RA will form your retirement sum and provide you with monthly payouts from your payout eligibility age.

However, if you have any new CPF contributions, government top-ups or other refunds received after 55, part or all of these amounts will be transferred to your Retirement Account when you next withdraw your CPF.