CPF LIFE

  • The CPF Lifelong Income Scheme For The Elderly (CPF LIFE) provides a lifetime of income for the elderly in their retirement.
  • You will receive monthly payouts for life, starting from your Draw Down Age (DDA).
  • All plans have different combinations of monthly payouts and bequests, so choose a plan that will suit you best – once you choose a certain plan you are not allowed to change it.
  • Four different types of plans available: Plus Plan, Balanced Plan, Basic Plan, and Income Plan.

Financing your retirement

Present needs and financial commitments such as purchasing a home, getting married and having children take precedence and people often defer planning for retirement.

Many Singaporeans depend on their CPF savings to meet their retirement expenses. However, Central Provident Fund (CPF) savings alone may not be sufficient to provide for you in your senior years.

Growing your nest egg

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