CPF LIFE

The CPF Lifelong Income For The Elderly (CPF LIFE) Scheme provides Singapore Citizens and Permanent Residents with a monthly payout for as long as they live.​

You will have to join CPF LIFE if you are a Singapore Citizen or Permanent Resident born in 1958 or after, and have the following Retirement Account balances: ​

You turned 55 between 1 January 2013 and 30 April 2016 ​		You turned 55 on 1 May 2016 and after
At least ​$40,000 in your Retirement Account when you reach 55 years old;  or		At least $60,000 in your Retirement Account six months before you reach your payout eligibility age.
At least $60,000 in your Retirement Account six months before you reach your payout eligibility age.

 

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