CPF LIFE

Finance

CPF LIFE is a national annuity scheme that gives eligible members a monthly payout for as long as they live, so they do not outlive their retirement savings. It is funded from your Retirement Account savings, and the payout amount depends on how much you have set aside and the plan you choose. Different plans balance the size of monthly payouts against how much is left as a bequest to beneficiaries. Payouts typically start between age 65 and 70, which you can decide within the allowed window. Eligibility, plan options and payout figures are subject to the latest rules.

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