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CPF LIFECPF LIFE<p> <b>What is CPF LIFE?</b> </p><p>The CPF <b>L</b>ifelong <b>I</b>ncome <b>F</b>or The <b>E</b>lderly (CPF LIFE) Scheme is a life annuity scheme<span class="cpf-tooltip"><span class="cpf-tooltip-link" data-placement="bottom" data-html="true" data-toggle="tooltip" data-trigger="click" data-title="As a life annuity, CPF LIFE provides lifelong payouts. This is unlike term annuities which only provide payouts for a limited period only."><span class="glyphicon glyphicon-question-sign"></span> </span> </span> that provides Singapore Citizens and Permanent Residents with a monthly payout for as long as they live.<br></p><p> <a href="/Members/Schemes/schemes/retirement/cpf-life/resourcestab/">Explore 5 CPF LIFE Quick Facts</a></p>TrueTrueTrueOthers;#

 

 

 

 

 

 

CPF LIFE Estimator CPF LIFE Estimator <a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/LifeEstimator/LifeEstimator" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icgen.gif">CPF Life Estimator</a>
Retirement Sum Scheme (RSS) Payout CalculatorRetirement Sum Scheme (RSS) Payout Calculator<a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/RetirementSumSchemePayoutCalculator/RetirementSumSchemePayoutCalculator " target="_blank"><img alt="" src="/_layouts/15/IMAGES/icgen.gif">RetirementSumSchemePayoutCalculator </a>
D-Bonus and V-Bonus Calculator D-Bonus and V-Bonus Calculator <a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/MinimumSumDAndVBonusCalculator/MinimumSumDAndVBonusCalculate" target="_blank"><img alt="" src="/_layouts/15/IMAGES/ichtm.gif">deferment_bonus_cal.asp</a>
CPF Withdrawal CalculatorCPF Withdrawal Calculator<a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/CpfWithdrawalCalculator/CpfWithdrawalCalculator" target="_blank"><img alt="" src="/_layouts/15/IMAGES/ichtm.gif">wdl_cal.asp</a>
Ordinary Account - Special Account Savings Transfer Calculator Ordinary Account - Special Account Savings Transfer Calculator <a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/OAToSATransfer/OAToSATransfer" target="_blank"><img alt="" src="/_layouts/15/IMAGES/ichtm.gif">oa2sa_cal.asp</a>

 

 

How much CPF LIFE monthly payouts will I receive?<a href="https://www.youtube.com/embed/5vfb4bc5ZJA"><img alt="" src="/_layouts/15/IMAGES/icgen.gif">How much CPF LIFE monthly payouts will I receive</a><p>​Watch this video to find out how much CPF LIFE monthly payouts you will receive<br><br></p><a href="/Assets/members/PublishingImages/CPFLife_Monthlypayouts_thumbnail.png"><img alt="" src="/_layouts/15/IMAGES/icpng.gif">CPF Life Monthly Payouts thumbnail</a>
How much CPF savings can I withdraw from age 55?<a href="https://www.youtube.com/embed/c9R_tminMBY" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icgen.gif">How much CPF savings can i withdraw from age 55</a><p>​Watch this video to find out how much CPF savings you can withdraw from age 55</p><a href="/Assets/members/PublishingImages/savings_withdrawal55_thumbnail.png"><img alt="" src="/_layouts/15/IMAGES/icpng.gif">savings_withdrawal55_thumbnail.png</a>
What happens to my CPF savings when I turn 55?<a href="https://www.youtube.com/embed/aOB-bMyN8Rw" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icgen.gif">What happens to my CPF savings when i turn 55?</a>Watch this video to find out what happens to your CPF savings when you turn 55<a href="/Assets/members/PublishingImages/RWD55_video_thumbnail.png"><img alt="" src="/_layouts/15/IMAGES/icpng.gif">RWD55_video_thumbnail.png</a>

 

 

 

 

 

 

 

 

Planning Your Retirement with CPFPlanning Your Retirement with CPF<a href="/Assets/members/Documents/CPF_Retirement_Booklet.pdf" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">CPF_Retirement_Booklet.pdf</a><p>(PDF, 3.7MB)</p> <p>Read the CPF Retirement Booklet for more CPF information when you reach 55 years old.</p><a href="/Assets/common/Documents/RetirementBooklet_Thumbnail.jpg"><img alt="" src="/_layouts/15/IMAGES/icjpg.gif">RetirementBooklet_Thumbnail.jpg</a>
Retirement Planning Booklet (English)Retirement Planning Booklet (English)<a href="/Assets/members/Documents/RetirementPlanningBooklet_Eng.pdf" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">RetirementPlanningBooklet_Eng.pdf</a><p>​(PDF, 4.0MB)</p><p>Information on planning for your retirement with CPF.</p><a href="/Assets/common/Documents/ResourceThumbnails/RetirementPlanningBooklet_Eng_Thumbnail.jpg" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icjpg.gif">RetirementPlanningBooklet_Eng_Thumbnail.jpg</a>
Retirement Planning Booklet (Chinese)Retirement Planning Booklet (Chinese)<a href="/Assets/members/Documents/RetirementPlanningBooklet_Chi.pdf" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">RetirementPlanningBooklet_Chi.pdf</a><p>​(PDF, 4.5MB)</p><p>Information on planning for your retirement with CPF.</p><a href="/Assets/common/Documents/ResourceThumbnails/RetirementPlanningBooklet_Chi_Thumbnail.jpg" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icjpg.gif">RetirementPlanningBooklet_Chi_Thumbnail.jpg</a>
Retirement Planning Booklet (Malay) Retirement Planning Booklet (Malay) <a href="/Assets/members/Documents/RetirementPlanningBooklet_Malay.pdf" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">RetirementPlanningBooklet_Malay.pdf</a><p>​(PDF, 4.6MB)</p><p>Information on planning for your retirement with CPF.</p><a href="/Assets/common/Documents/ResourceThumbnails/RetirementPlanningBooklet_Malay_Thumbnail.jpg" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icjpg.gif">RetirementPlanningBooklet_Malay_Thumbnail.jpg</a>
Retirement Planning Booklet (Tamil) Retirement Planning Booklet (Tamil) <a href="/Assets/members/Documents/RetirementPlanningBooklet_Tamil.pdf" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">RetirementPlanningBooklet_Tamil.pdf</a><p>​(PDF, 4.3MB)</p><p>Information on planning for your retirement with CPF.</p><a href="/Assets/common/Documents/ResourceThumbnails/RetirementPlanningBooklet_Tamil_Thumbnail.jpg" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icjpg.gif">RetirementPlanningBooklet_Tamil_Thumbnail.jpg</a>

 

 

CPF LIFE FactsheetCPF LIFE Factsheet<a href="/Assets/members/Documents/5FactsOfCPFLIFE.pdf" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">5FactsOfCPFLIFE.pdf</a><p>(PDF, 0.6MB)</p><p>Learn more about CPF LIFE and why we need it through this simple factsheet.</p><a href="/Assets/common/Documents/ResourceThumbnails/5FactsOfCPFLIFE_Thumbnail.png"><img alt="" src="/_layouts/15/IMAGES/icpng.gif">5FactsOfCPFLIFE_Thumbnail.png</a>
Retirement Sum Scheme (English)Retirement Sum Scheme (English)<a href="/Assets/members/Documents/PEA_Infographic_English.pdf" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">PEA_Infographic_English.pdf</a><p>​(PDF, 1.3MB)</p><p>5 Things To Note</p><a href="/Assets/common/Documents/ResourceThumbnails/PEA_Infographic_EnglishThumbnail.png" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icpng.gif">PEA_Infographic_EnglishThumbnail.png</a>
Retirement Sum Scheme (Chinese)Retirement Sum Scheme (Chinese)<a href="/Assets/members/Documents/PEA_Infographic_Chinese.pdf" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">PEA_Infographic_Chinese.pdf</a><p>​(PDF, 0.2MB)</p><p>5 Things To Note</p><a href="/Assets/common/Documents/ResourceThumbnails/PEA_Infographic_ChineseThumbnail.png" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icpng.gif">PEA_Infographic_ChineseThumbnail.png</a>
Retirement Sum Scheme (Malay)Retirement Sum Scheme (Malay)<a href="/Assets/members/Documents/PEA_Infographic_Malay.pdf" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">PEA_Infographic_Malay.pdf</a><p>​(PDF, 1.8MB)</p><p>5 Things To Note</p><a href="/Assets/common/Documents/ResourceThumbnails/PEA_Infographic_MalayThumbnail.png" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icpng.gif">PEA_Infographic_MalayThumbnail.png</a>
Turning 55 in 2019Turning 55 in 2019<a href="/Assets/common/Documents/55_in_2019.pdf" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">55_in_2019.pdf</a><p>(PDF, 0.3MB)</p> <p>​View the Turning 55 in 2019 Infographic to learn more about what happens to your CPF accounts when you reach age 55 in 2019</p><a href="/Assets/common/Documents/ResourceThumbnails/Turning55_in%202019_thumbnail.png"><img alt="" src="/_layouts/15/IMAGES/icpng.gif">Turning55_in%202019_thumbnail.png</a>
Retirement Sum Scheme (Tamil)Retirement Sum Scheme (Tamil)<a href="/Assets/members/Documents/PEA_Infographic_Tamil.pdf" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">PEA_Infographic_Tamil.pdf</a><p>​(PDF, 1.5MB)</p><p>5 Things To Note</p><a href="/Assets/common/Documents/ResourceThumbnails/PEA_Infographic_TamilThumbnail.png" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icpng.gif">PEA_Infographic_TamilThumbnail.png</a>
Turning 55 in 2020Turning 55 in 2020<a href="/Assets/common/Documents/55_in_2020.pdf" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">55_in_2020.pdf</a><p>(PDF, 0.3MB)</p><p>​View the Turning 55 in 2020 Infographic to learn more about what happens to your CPF accounts when you reach age 55 in 2020</p><a href="/Assets/common/Documents/ResourceThumbnails/Turning55_in_2020_thumbnail.png"><img alt="" src="/_layouts/15/IMAGES/icpng.gif">Turning55_in_2020_thumbnail.png</a>

 

 

Application for CPF LIFE Plan<a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/LifeApplication/Index" title="Application for CPF LIFE Plan"><img alt="" src="/_layouts/15/IMAGES/ichtm.gif">Application for CPF LIFE Plan</a><p>FORM LID-APP(1) </p><p>This form allows you to select your CPF LIFE Plan and join CPF LIFE. The e-Service may take you 5 minutes to complete.<br></p>00
Top Up Retirement Sum Using Cash (For Members) <a href="https://www.cpf.gov.sg/eSvc/Web/Miscellaneous/Cashier/ECashierHomepage" title="Top Up Retirement Sum Using Cash (For Members) "><img alt="" src="/_layouts/15/IMAGES/ichtm.gif">Application to Make Top-Ups Under the Minimum Sum Topping-Up Scheme (For Members) - Cash Top-up</a><p>This form allows you to make cash top-ups to your own or your loved ones’ Special or Retirement Account under the Retirement Sum Topping-up Scheme. The e-Service may take you 10 minutes to complete.</p>10
Withdraw Retirement Account Savings above Basic Retirement Sum (with Property bought using CPF Savings)<a href="/Assets/members/Documents/FORM_RW_PTYWDL.pdf" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">Application to Withdraw Savings Above Basic Retirement Sum from Retirement Account [for Property Owner with Sufficient CPF Property Charge]</a><a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/WithdrawRAaboveBRS/FormIndex" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icgen.gif">FORM RW/PTY-WDL</a><p>FORM RW/PTY-WDL </p><p>This form allows you to apply to withdraw your Retirement Account savings above your Basic Retirement Sum if you own a property bought using CPF savings. The e-Service may take you 10 minutes to complete.<br></p><p>You can receive the payment almost instantly if you apply online and choose to receive payment via PayNow. Please ensure that you have registered for PayNow and linked your bank account to your Singapore NRIC, via your bank’s existing internet banking platform or mobile banking application.<br></p>00PDF, 1.1MB
Application for CPF Withdrawal for Members 55 And Above (Payment via PayNow)<a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/WithdrawalAtAge55PayNow/CoverPage"><img alt="" src="/_layouts/15/IMAGES/icgen.gif">CoverPage</a><p>​RWD-55/e-WDL/PayNow</p><p>This form allows you to apply to withdraw your Special and Ordinary Account savings that you are eligible to withdraw, and receive payment via your PayNow registered bank account almost instantly. The e-Service may take you 5 minutes to complete.</p><p>Please ensure that you have registered for PayNow and linked your bank account to your Singapore NRIC via your bank’s existing internet banking platform or mobile banking application.</p>00
Application for CPF Withdrawal for Members 55 And Above (Payment via Interbank GIRO)<a href="/Assets/members/Documents/FORM_RWD55.pdf" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">Application for CPF Withdrawal for Members 55 And Above</a><a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/WithdrawalAtAge55/CoverPage" title="Application for Withdrawal for Members 55 and Above"><img alt="" src="/_layouts/15/IMAGES/ichtm.gif">Application for Withdrawal for Members 55 and Above</a><p>FORM RWD-55 <br></p> This form allows you to apply to withdraw your Special and Ordinary Account savings that you are eligible to withdraw, and receive payment via Interbank GIRO. The e-Service may take you 5 minutes to complete.00PDF, 1.4MB
Application for Additional Annuity under CPF LIFE<a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/LifeAdditionalAnnuityApplication/Index" title="Application for Additional Annuity Under CPF LIFE"><img alt="" src="/_layouts/15/IMAGES/ichtm.gif">Application for Additional Annuity Under CPF LIFE</a><p>​FORM LID-APP(1A) </p><p> This form allows you to apply for an additional annuity under CPF LIFE. The e-Service may take you 5 minutes to complete. <br></p>00
Withdraw Retirement Account Savings above Basic Retirement Sum (with HDB Property Pledge)<a href="/Assets/members/Documents/Form_RW_HDBPTY.pdf" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">Form_RW_HDBPTY.pdf</a><a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/WithdrawRAaboveBRS/FormIndex"><img alt="" src="/_layouts/15/IMAGES/icgen.gif"> Withdraw Retirement Account Savings above Basic Retirement Sum (with HDB Property Pledge)</a><p>FORM RW/HDB-PTY </p><p> This form allows you to apply to withdraw your Retirement Account savings above your Basic Retirement Sum (with HDB property pledge). The e-Service may take you 10 minutes to complete. <br></p>00PDF, 1.4MB
Top Up Retirement Sum Using CPF (For Members) - CPF transfer to loved ones' RA/SA<a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/MakeTopUpToCpfSavings/Index?mode=Cpf&account=Retirement" title="Top-Up Retirement Sum Using CPF (For members) - CPF transfer to loved ones' RA/SA"><img alt="" src="/_layouts/15/IMAGES/icgen.gif">Index</a><p> <span style="font-size:0.9em;">Please login to make CPF transfer to your/your recipient's CPF account. Login > My Requests > Building Up My / My Recipient’s CPF savings</span></p><p>This form allows you to transfer your CPF savings to your loved ones’ Special or Retirement Account under the Retirement Sum Topping-up Scheme. The e-Service may take you 10 minutes to complete.</p>00
Change Bank Details (For Withdrawal on Retirement or Medical Grounds) <a href="/Assets/members/Documents/FORM_RWD78A.pdf" target="_blank" title="Request to Change Bank Details for Members 55 and Above">Change Bank Details (For Withdrawal on Retirement or Medical Grounds) </a><a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/ChangeMyBankAccountDetailsWithdrawalTransactions/ChangeMyBankAccountBankDetailsLandingPage" title="Request to Change Bank Details for Members 55 and Above">Change Bank Details (For Withdrawal on Retirement or Medical Grounds) </a><p>​FORM RWD78A<br></p><p>This form allows you to change your bank account details for: </p><ul><li>Withdrawals of CPF savings from age 55; </li><li>Withdrawals of Housing Refund from sale/transfer of property; </li><li>CPF LIFE monthly payouts; </li><li>Silver Housing Bonus Scheme; </li><li>Lease Buyback Scheme; and </li><li>Withdrawals of CPF savings on Medical Grounds. </li></ul> <br> <p>The e-Service may take you 3 minutes to complete.</p>00PDF, 0.6MB
Withdraw Retirement Account Savings above Basic Retirement Sum (with Private Property Pledge)<a href="/Assets/members/Documents/Form_RW_PTE_PTY.pdf" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">Form_RW_PTE_PTY.pdf</a><a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/WithdrawRAaboveBRS/FormIndex"><img alt="" src="/_layouts/15/IMAGES/icgen.gif"> Withdraw Retirement Account Savings above Basic Retirement Sum (with Private Property Pledge)</a><p>FORM RW/PTE-PTY </p><p> This form allows you to apply to withdraw your Retirement Account savings above your Basic Retirement Sum (with private property pledge). The e-Service may take you 10 minutes to complete.<br></p>00PDF, 1.8MB
Apply to Start CPF LIFE Payout<a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/ApplicationToStartCpfLifePayout/Cover">Application to Start CPF LIFE Payout</a><p>​​FORM LID-DE2 </p><p>This form allows you to start receiving your CPF LIFE monthly payout if you have previously deferred your payout. The e-Service may take you 3 minutes to complete.<br></p>00
Top Up Retirement Sum Using CPF (For Members age 55 and above) - CPF transfer to my RA<a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/TransferAmountSpecialAccountToRetirementAccount/Index" title="Top Up Retirement Sum Using CPF (For members age 55 and above) - CPF transfer to my RA"><img alt="" src="/_layouts/15/IMAGES/icgen.gif">Application to Make Top-Ups Under the Minimum Sum Topping-Up Scheme (For Members) - CPF transfer to recipient’s RA</a><p> <span style="font-size:0.9em;">Please login to make CPF transfer to your/your recipient's CPF account. Login > My Requests > Building Up My / My Recipient’s CPF savings</span></p><p>This form allows you to transfer your Special and/or Ordinary Account savings to your Retirement Account under the Retirement Sum Topping-up Scheme. The e-Service may take you 10 minutes to complete.</p>00
Top Up Retirement Sum Using CPF (For Members below age 55) - CPF transfer to my SA<a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/TransferAmountOrdinaryAccountToSpecialAccount/CoverPage" title="Top Up Retirement Sum Using CPF (For members below age 55) - CPF transfer to my SA"><img alt="" src="/_layouts/15/IMAGES/icgen.gif">CoverPage</a><p> <span style="font-size:0.9em;">Please login to make CPF transfer to your/your recipient's CPF account. Login > My Requests > Building Up My / My Recipient’s CPF savings</span></p><p>This form allows you to transfer your Ordinary Account savings to your Special Account under the Retirement Sum Topping-up Scheme. The e-Service may take you 5 minutes to complete.</p>00
Start Monthly Payouts and Change Bank Details under CPF Retirement Sum Scheme<a href="/Assets/members/Documents/FORM_RSS30.pdf" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">Start Monthly Payouts and Change Bank Details under CPF Retirement Sum Scheme</a><a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/MonthlyPayoutsFromMyRetirementAccount/BeginRequest" title="Apply for Monthly Payouts and Change Bank Details under CPF Retirement Sum Scheme"><img alt="" src="/_layouts/15/IMAGES/ichtm.gif">Application for Monthly Payouts Under CPF Minimum Sum Scheme</a><p>​FORM RSS30 </p><p>This form allows you to start your monthly payouts under CPF Retirement Sum Scheme. The e-Service may take you 5 minutes to complete.<br></p>00PDF, 0.8MB
Apply to Defer CPF LIFE Payout<a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/ApplicationToDeferCpfLifePayout/Index">Application to Defer CPF LIFE Payout</a><p>​FORM LID-DE1 </p><p> This form allows you to defer your CPF LIFE monthly payout. The e-Service may take you 3 minutes to complete.<br></p>00
Top Up Retirement Sum (For Employers)<a href="/Assets/common/Documents/FORM_RSSTPC.pdf" target="_blank" title="Top Up Retirement Sum (For Employers)"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">Application to Make Top-Ups under the Retirement Sum Topping-Up Scheme (For Employers)</a><p>FORM RSS-TP/C</p><p>This form allows employers to make cash top-ups for their employees under the Retirement Sum Topping-up Scheme.<br></p>00PDF, 1.0MB
Apply for Exemption from Setting Aside a Retirement Sum<a href="/Assets/members/Documents/FORM_RSS8.pdf" target="_blank" title="Apply for Exemption from Setting Aside a Retirement Sum"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">Apply for Exemption from Setting Aside a Retirement Sum</a><p>​FORM RSS/8 </p><p>This form allows you to apply for an exemption from setting aside a retirement sum in your Retirement Account.<br></p>00PDF, 1.5MB
Top Up Retirement Sum Using GIRO<a href="/Assets/members/Documents/FORM_RSTU_GIROandSI.pdf" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">Standing Instruction (SI) to Make Monthly and/or Yearly Cash Top-Ups</a><p>RSTU/SI and RSTU/GIRO</p><p>This form allows you to make cash top-ups using GIRO under the Retirement Sum Topping-up Scheme. <br></p>00PDF, 1.4MB
Terminate GIRO Arrangement Under Retirement Sum Topping-up Scheme<a href="/Assets/members/Documents/form_rstu_t.pdf" target="_blank" title="Terminate GIRO Arrangement Under Retirement Sum Topping-up Scheme"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">Termination of Inter-Bank GIRO Under Retirement Sum Topping-up Scheme</a><p>​FORM RSTU/T</p><p> This form allows you to terminate your GIRO arrangement under the Retirement Sum Topping-up Scheme. <br></p>00PDF, 0.2MB

 

 

CPF LIFERetirement

 

 

<h3> <strong>Understand</strong></h3><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width:100%;"> <strong>​What is the CPF LIFE Escalating Plan?</strong></td></tr><tr><td class="ms-rteTable-default"><p>​The CPF LIFE Escalating Plan is a new plan in addition to the current two CPF LIFE plans – Basic and Standard Plans.<br></p><p>The CPF LIFE Escalating Plan gives members the option of starting with lower initial payouts which will increase by 2% per year. The 2% increase will take place every year in the month that the first payout was made.<br></p><p>As with all CPF LIFE plans, payouts may be adjusted to account for long-term changes in interest rates or life expectancy. Such adjustments (if any) are expected to be small and gradual.<br></p><p>The CPF LIFE Escalating Plan is suitable for members who do not have an immediate need for higher payouts.</p></td></tr></tbody></table><p> </p><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width:100%;"> <strong>​How much premium do I need to pay under the new CPF LIFE Escalating Plan?<strong></strong></strong></td></tr><tr><td class="ms-rteTable-default">​Under the CPF LIFE Escalating Plan, all your Retirement Account savings will be deducted as annuity premium and paid into the Lifelong Income Fund which will provide you with a monthly payout from your payout start age for as long as you live.</td></tr></tbody></table><p> </p><h3> <strong>Evaluate</strong></h3><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width:100%;"> <strong>​I am not an existing CPF LIFE member. Can I join the new CPF LIFE Escalating Plan?</strong></td></tr><tr><td class="ms-rteTable-default">Yes, you can join the CPF LIFE Escalating Plan if you are a Singapore Citizen or Permanent Resident. Please visit our <a href="/Members/Schemes/schemes/retirement/cpf-life">CPF LIFE webpage</a> to understand more about CPF LIFE before you apply for your CPF LIFE plan.</td></tr></tbody></table><p> </p><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width:100%;"> <strong>I am an existing CPF LIFE member. Will I be allowed to switch to the new CPF LIFE Escalating Plan?</strong></td></tr><tr><td class="ms-rteTable-default"><p>​Yes. All existing CPF LIFE members, including members who had switched to CPF LIFE Standard Plan previously, can choose to switch to the CPF LIFE Escalating Plan between January to December 2018.<br></p><p>If you choose to switch to the new CPF LIFE Escalating Plan, your new payout may be reduced by 20% or more from your current payout. This is because, for the same annuity premium and other factors being equal, a CPF LIFE plan with payouts that increase over time, will have starting payouts that are lower, compared to a CPF LIFE plan with level payouts that do not increase over time. This is based on independent and objective actuarial calculations.</p><p>Please note that you are only allowed to switch your CPF LIFE plan to the CPF LIFE Escalating Plan once.</p></td></tr></tbody></table><p> </p><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width:100%;"> <strong>Will I be allowed to switch to plans other than the CPF LIFE Escalating Plan?</strong></td></tr><tr><td class="ms-rteTable-default">​No. Existing CPF LIFE members will not be able to switch to other plans other than the CPF LIFE Escalating Plan. An exception is made to allow members to switch to the CPF LIFE Escalating Plan as it is a new plan that was previously not available to members.</td></tr></tbody></table><p> </p><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width:100%;"> <strong>Will I receive any incentive for switching to the CPF LIFE Escalating Plan?</strong></td></tr><tr><td class="ms-rteTable-default">No. Members should decide whether or not to switch based on whether the new plan suits their retirement needs.</td></tr></tbody></table><p> </p><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width:100%;"> <strong>How will I be affected if I remain under the existing plans?</strong></td></tr><tr><td class="ms-rteTable-default">​Your CPF LIFE policy which was issued to you will continue to apply, and the introduction of the new CPF LIFE Escalating Plan from January 2018 will not affect you.</td></tr></tbody></table><p> </p><h3> <strong>Apply</strong></h3><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td class="ms-rteTable-default" style="width:100%;"> <strong>How do I apply to switch to CPF LIFE Escalating Plan?</strong></td></tr><tr><td class="ms-rteTable-default"><p>You can switch to CPF LIFE Escalating Plan via the following channels:</p> <p> <strong>Online using <em><strong>my cpf</strong></em></strong></p><ol><li style="margin-bottom:5pt;">Login with your <a href="https://www.cpf.gov.sg/eSvc/Web/PortalServices/MemberPortalServices">SingPass</a>. </li><li>Submit an online application via My Requests.</li></ol><p> </p><p> <strong>In-Person at CPF Service Centres</strong></p><ol><li style="margin-bottom:5pt;">Download and fill up <a href="/Assets/members/Documents/FORM_LID_SW.pdf" target="_blank">Form LID_SW: Application to Switch to CPF LIFE Escalating Plan</a> (PDF, 0.7MB). </li><li>Bring your NRIC and go to any <a href="/Members/Contact/visit-us">CPF Service Centre</a>.</li></ol><p> </p><p> <strong>Mail</strong></p><ol><li style="margin-bottom:5pt;">Download and fill up <a href="/Assets/members/Documents/FORM_LID_SW.pdf" target="_blank">Form LID_SW: Application to Switch to CPF LIFE Escalating Plan</a> (PDF, 0.7MB). </li><li>Mail it to:<br>Central Provident Fund Board<br>Lifelong Income Department (LID)<br>Robinson Road<br>P.O. Box 3060<br>Singapore 905060<br></li></ol><p> </p><p>You can refer to our <a href="/Members/AboutUs/about-us-info/service-standards-for-members/retirement">service standards</a> for more information.<br></p></td></tr></tbody></table><p> </p>

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