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CPF Life

>> Tuesday, September 8, 2009

  • From September 2009, it will be offered to Singaporeans and permanent residents aged 55 and above this year. Those who opt in now can receive payouts from January.
  • From 2013, the scheme will automatically apply to those born after 1957, and who have at least $40,000 in their retirement account at age 55.
  • There are four annuity plans to choose from.
  • All CPF members can participate, regardless of amount of CPF savings.
  • Early sign-ups get a Life Bonus of $4,000. This applies to citizens aged 55 and above who sign up before Dec 31 next year, and those born between 1955 and 1962 who sign up before turning 56.
For queries, call 1800-5433-273 or log on: mycpf.cpf.gov.sg

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