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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><div class="cpf-alert-info"> <strong>Note: CPF LIFE Escalating Plan is available from January 2018</strong></div>TrueTrueTrue

 

 

UnderstandWhy do we need CPF LIFE? <p>With increasing advances in technology and healthcare, we are likely to live longer than our grandparents’ or parents’ generation. While we might have more time to live our lives to the fullest, it also means that we need to be prepared for a longer retirement.<br></p><table cellspacing="0" width="100%" class="ms-rteTable-default"><tbody><tr><td class="ms-rteTable-default" style="width:100%;height:auto;"><p style="text-align:center;"> <strong style="font-size:16px;">DID YOU KNOW?</strong></p><p style="text-align:center;">The figure below shows the life expectancy rates at age 65 <span class="cpf-tooltip"> <span class="cpf-tooltip-link" data-placement="bottom" data-html="true" data-toggle="tooltip" data-trigger="click" data-title="Life expectancy is the average period that a person may expect to live."> <span class="glyphicon glyphicon-question-sign"></span> </span> </span> published by the Department of Statistics.<br></p><p style="text-align:center;"> <img src="/assets/members/PublishingImages/LifeExpectancyStatistics.png" alt="Life Expectancy Statistics" class="img-responsive" /> </p><p style="text-align:center;">These statistics give us a snapshot of life expectancy. However, with advances in technology and healthcare, life expectancy will improve over time as younger cohorts are healthier and will live longer.</p></td></tr></tbody></table> <br> <p>Against the backdrop of rising longevity, and the difficulty of predicting exactly how long we will live, we face some uncertainty on planning for our retirement. There is a real possibility that we may not be adequately prepared for a longer retirement, and risk outliving our retirement savings. </p><p>Peace of mind is important for retirement, in order to fully enjoy the type of retirement lifestyle we want in our golden years. </p><p> <strong>CPF LIFE can help you achieve peace of mind during your retirement.</strong> It is a life annuity, which means that you will receive a regular stream of income for<strong> as long as you live</strong>. You can therefore enjoy your retirement without the worry of outliving your savings.<br></p>CPF LIFE15221522
EvaluateWhat are the CPF LIFE plans available?<p>There are three CPF LIFE plans for you to choose from – the LIFE Standard Plan, the LIFE Basic Plan and the LIFE Escalating Plan.</p><p>The plans differ in terms of:<br></p><ul><li> <strong>monthly payout</strong><span class="cpf-tooltip"><span class="cpf-tooltip-link" data-placement="bottom" data-html="true" data-toggle="tooltip" data-trigger="click" data-title="Monthly payout is the amount of money you will receive every month from CPF LIFE for as long as you live."><span class="glyphicon glyphicon-question-sign"></span> </span> </span> you would receive; and </li><li>the amount you would leave (i.e. <strong>bequest</strong><span class="cpf-tooltip"><span class="cpf-tooltip-link" data-placement="bottom" data-html="true" data-toggle="tooltip" data-trigger="click" data-title="A bequest is the money that you will leave to your beneficiaries after your death. Beneficiaries are the people you have nominated to receive your CPF savings after your death. If you have not made any nomination, we will pay the bequest to your next-of-kin in line with the intestacy laws of Singapore."><span class="glyphicon glyphicon-question-sign"></span> </span> </span>) to your beneficiaries.<br></li></ul><div class="hidden-xs"> <img class="img-responsive" alt="CPF LIFE Plans" src="/Assets/members/PublishingImages/CPFLIFE3plansavailable.png" /> <br> </div><div class="visible-xs"> <img alt="CPF LIFE Plans" src="/Assets/members/PublishingImages/CPFLIFE3Plans_MthlyPayouts.png" style="width:87%;height:auto;" /> </div><p> <span style="font-size:0.9em;">Note:</span></p><ol type="i"><li> <span style="font-size:0.9em;">Bequest amount differs across plan type and age of death.</span></li><li> <span style="font-size:0.9em;">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.</span></li></ol>CPF LIFE15331533
ApplyHow do I apply to join CPF LIFE?<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> <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_LIDAPP1.pdf" target="_blank">Form LID-APP(1): Application for CPF LIFE</a> (PDF, 0.5MB). </li><li>Bring your NRIC and go to any <a href="/Members/Contact/visit-us">CPF Service Centre</a>.</li></ol><p> <strong>Mail</strong></p><ol><li style="margin-bottom:5pt;">Download and fill up <a href="/Assets/members/Documents/FORM_LIDAPP1.pdf" target="_blank">Form LID-APP(1): Application for CPF LIFE</a> (PDF, 0.5MB). </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>CPF LIFE15381538
EvaluateHow do I go about choosing my plan?<p>You may wish to consider the following guiding questions to help you choose a CPF LIFE plan that best suits your needs. </p><p> <img src="/Assets/members/PublishingImages/ChoosingCPFLIFEPlan.png" alt="How to Choose CPF LIFE Plan" style="width:92%;" /> <br> </p>CPF LIFE17131712
UnderstandHow is CPF LIFE attractive?<p>CPF LIFE is an attractive retirement scheme as it provides:<br></p><table border="1" bordercolor="#ffd966" style="text-align:center;width:100%;height:70px;"><tbody><tr><td style="background-color:#ffd966;width:25%;"> <strong>PAYOUTS FOR LIFE</strong></td><td style="width:75%;padding:5px;">​CPF LIFE provides you with a lifelong stream of retirement payouts for as long as you live, compared to most private annuities that only do so for a limited period.<br></td></tr></tbody></table><p></p><table border="1" bordercolor="#ffd966" style="text-align:center;width:100%;height:70px;"><tbody><tr><td style="background-color:#ffd966;width:25%;"> <strong>VALUE FOR MONEY</strong></td><td style="width:75%;padding:5px;">​CPF LIFE provides one of the <strong>highest payouts for every dollar committed</strong> compared to other private annuities.<br></td></tr></tbody></table><p></p><table border="1" bordercolor="#ffd966" style="text-align:center;width:100%;height:70px;"><tbody><tr><td style="background-color:#ffd966;width:25%;"> <strong>SAFE PRODUCT</strong></td><td style="width:75%;padding:5px;">​CPF LIFE is the only life annuity backed by the Singapore Government.</td></tr></tbody></table> <br>CPF LIFE23001748
ApplyAs a LIFE member, how do I apply for additional CPF LIFE annuity for my topped up monies?<p>If you are already participating in CPF LIFE and would like to increase your payouts for life, you can top-up to your RA and buy an additional CPF LIFE annuity.</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 for Additional Annuity via My Requests.</li></ol><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_LIDAPP1A.pdf" target="_blank">Form LID-APP(1A): Application for Additional Annuity under CPF LIFE</a> (PDF, 0.4MB). </li><li>Bring your NRIC and go to any <a href="/Members/Contact/visit-us">CPF Service Centre</a>.</li></ol><p> <strong>Mail</strong></p><ol><li style="margin-bottom:5pt;">Download and fill up <a href="/Assets/members/Documents/FORM_LIDAPP1A.pdf" target="_blank">Form LID-APP(1A): Application for Additional Annuity under CPF LIFE</a> (PDF, 0.4MB). <br></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>You can refer to our <a href="/Members/AboutUs/about-us-info/service-standards-for-members/retirement">service standards</a> for more information.</p>CPF LIFE23101750
EvaluateHow much will my CPF LIFE payout be? <p>Your CPF LIFE monthly payouts would depend on factors such as your gender, age, Retirement Account (RA) savings used to join CPF LIFE, the LIFE plan type you choose, CPF interest rates and mortality rates. The premiums and payouts are determined by an independent actuarial consultant.</p><p>The table below provides you with an estimate of the monthly payout you will receive in retirement based on the Retirement Sum set aside at age 55 and the different plan choices:<br></p><div style="text-align:center;"></div><div class="hidden-xs"><table cellspacing="0" width="100%" class="ms-rteTable-default" style="height:80px;"><tbody><tr class="ms-rteTableEvenRow-default" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:25%;"> <strong>​Retirement Account Savings at 55</strong><br></td><td class="ms-rteTableOddCol-default" colspan="3" style="width:75%;padding-top:15px;"> <strong>Your monthly payout for life<span class="cpf-tooltip"><span class="cpf-tooltip-link" data-placement="bottom" data-html="true" data-toggle="tooltip" data-trigger="click" data-title="These monthly payouts are estimates. Payouts may also 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."><span class="glyphicon glyphicon-question-sign"></span> </span> </span> from 65 onwards​</strong><br></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:25%;"><div style="text-align:center;">​</div> <br style="color:#ffffff;"> </td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;background-color:#ed7d31;text-align:center;padding:20px;"><div> <strong style="color:#ffffff;">​Standard Plan </strong></div><div> <i style="color:#ffffff;"> <strong>(default plan)</strong></i><br></div></td><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:25%;background-color:#4472c4;text-align:center;padding:10px;"> <span style="color:#ffffff;"> <strong> <br>Basic Plan</strong></span></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;background-color:#7bb952;text-align:center;padding:10px;"> <span style="color:#ffffff;"><strong><br>Escalating Plan​</strong></span></td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:25%;text-align:center;padding:15px;"> <strong>Basic Retirement Sum</strong><span class="cpf-tooltip"><span class="cpf-tooltip-link" data-placement="right" data-html="true" data-toggle="tooltip" data-trigger="click" data-title="If you own a property and choose to withdraw your Retirement Account savings above your Basic Retirement Sum (subject to sufficient CPF property charge/pledge)."><span class="glyphicon glyphicon-question-sign"></span><br></span></span><br>(BRS)<br><strong>$85,500</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;background-color:#fbe5d6;text-align:center;padding-top:45px;"> $720 - $770<br></td><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:25%;background-color:#deebf7;text-align:center;padding-top:45px;">$680 - $700</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;background-color:#e2f0d9;text-align:center;padding-top:15px;">$550 - $610<br><i style="font-size:0.9em;">(initial amount)</i><br style="font-size:0.9em;"><span style="font-size:0.9em;">Payouts increase by 2% every year ​</span><br></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:25%;text-align:center;padding-top:25px;"> <span style="color:#444444;">​<strong>Full Retirement Sum</strong><span class="cpf-tooltip"><span class="cpf-tooltip-link" data-placement="bottom" data-html="true" data-toggle="tooltip" data-trigger="click" data-title="If you do not own a property or choose not to withdraw your Retirement Account savings above your Basic Retirement Sum. <table class='table table-bordered'><tbody><tr><th><b>Year</b></th><th>Cohort FRS<br/></th></tr><tr><td class='cpf-padding-zero'><strong></strong>2018<br/></td><td>$171,000<br/></td></tr><tr><td class='cpf-padding-zero' rowspan='1'>​2019<br/></td><td rowspan='1'>$176,000​</td></tr><tr><td class='cpf-padding-zero' rowspan='1'>​2020<br/></td><td rowspan='1'>$181,000​<br/></td></tr></tbody></table>"><span class="glyphicon glyphicon-question-sign"></span> </span> </span> <br> <span>(FRS)</span><br><strong>$171,000</strong><span> </span></span></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;background-color:#fbe5d6;text-align:center;padding-top:45px;"> <span style="color:#444444;">$1,320 - $1,410</span></td><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:25%;background-color:#deebf7;text-align:center;padding-top:45px;"> <span style="color:#444444;">$1,240 - $1,290</span></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;background-color:#e2f0d9;text-align:center;padding-top:15px;"> <span style="color:#444444;"><span>$1,010 - $1,110​</span><br><i style="font-size:0.9em;">(initial amount)</i><br style="font-size:0.9em;"><span style="font-size:0.9em;">Payouts increase by 2% every year ​</span></span></td></tr><tr class="ms-rteTableFooterRow-default"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:25%;text-align:center;padding-top:15px;padding-bottom:15px;"> <span style="color:#444444;">​<strong>Enhanced Retirement Sum</strong><span class="cpf-tooltip" style="color:#444444;"><span class="cpf-tooltip-link" data-placement="right" data-html="true" data-toggle="tooltip" data-trigger="click" data-title="If you wish to put more savings in CPF LIFE." style="color:#444444;"><span class="glyphicon glyphicon-question-sign"></span> </span> </span> <br> <span>(ERS)</span><br><strong>$256,500</strong></span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:25%;background-color:#fbe5d6;text-align:center;padding-top:45px;"> <span style="color:#444444;">$1,910 - $2,060​</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:25%;background-color:#deebf7;text-align:center;padding-top:45px;"> <span style="color:#444444;">$1,810 - $1,870​</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:25%;background-color:#e2f0d9;text-align:center;padding-top:15px;"> <span style="color:#444444;"><span>$1,470 - $1,620</span><br><i style="font-size:0.9em;">(initial amount)</i><br style="font-size:0.9em;"><span style="font-size:0.9em;"><span>Payouts increase by 2% every year </span>​</span></span></td></tr></tbody></table></div> <br> <div class="visible-xs"><table cellspacing="0" width="100%" class="ms-rteTable-default"><tbody><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" colspan="2" style="width:50%;"><div style="text-align:center;">​<strong>Basic Retirement Sum</strong><span class="cpf-tooltip"><span class="cpf-tooltip-link" data-placement="bottom" data-html="true" data-toggle="tooltip" data-trigger="click" data-title="If you own a property and choose to withdraw your Retirement Account savings above your Basic Retirement Sum (subject to sufficient CPF property charge/pledge)."><span class="glyphicon glyphicon-question-sign"></span><br></span></span><br>(BRS) at age 55<br><strong>$85,500</strong></div></td></tr><tr class="ms-rteTableOddRow-default" style="text-align:center;"><td class="ms-rteTableEvenCol-default" colspan="2" rowspan="1" style="width:50%;"><strong>​Monthly Payout for life from age 65 onwards</strong><br></td></tr><tr class="ms-rteTableEvenRow-default" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:50%;background-color:#ed7d31;padding:25px;"> <span style="color:#ffffff;">​Standard Plan Monthly Payout</span><br></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;background-color:#fbe5d6;padding-top:35px;"> <span style="color:#444444;">​$720 - $770</span></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:50%;background-color:#4472c4;text-align:center;padding:25px;">​<span style="color:#ffffff;">Basic Plan Monthly Payout​</span></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;background-color:#deebf7;text-align:center;padding-top:35px;"> <span style="color:#444444;">​$680 - $700​</span><br></td></tr><tr class="ms-rteTableFooterRow-default"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:50%;background-color:#7bb952;text-align:center;padding:25px;">​<span style="color:#ffffff;">Escalating Plan Monthly Payout</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:50%;background-color:#e2f0d9;text-align:center;">​<span style="color:#444444;">$550 - $610<br><i style="font-size:0.9em;">(initial amount)</i><br style="font-size:0.9em;"><span style="font-size:0.9em;">Payouts increase by 2% every year ​</span></span></td></tr></tbody></table><table cellspacing="0" width="100%" class="ms-rteTable-default"><tbody><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" colspan="2" style="width:50%;"><div style="text-align:center;">​<strong>Full Retirement Sum</strong><span class="cpf-tooltip"><span class="cpf-tooltip-link" data-placement="bottom" data-html="true" data-toggle="tooltip" data-trigger="click" data-title="If you do not own a property or choose not to withdraw your Retirement Account savings above your Basic Retirement Sum. <table class='table table-bordered'><tbody><tr><th><b>Year</b></th><th>Cohort FRS<br/></th></tr><tr><td class='cpf-padding-zero'><strong></strong>2018<br/></td><td>$171,000<br/></td></tr><tr><td class='cpf-padding-zero' rowspan='1'>​2019<br/></td><td rowspan='1'>$176,000​</td></tr><tr><td class='cpf-padding-zero' rowspan='1'>​2020<br/></td><td rowspan='1'>$181,000​<br/></td></tr></tbody></table>"><span class="glyphicon glyphicon-question-sign"></span><br></span></span><br>(FRS) at age 55<br><strong>$171,000</strong></div></td></tr><tr class="ms-rteTableOddRow-default" style="text-align:center;"><td class="ms-rteTableEvenCol-default" colspan="2" rowspan="1" style="width:50%;">​<strong>Monthly Payout for life from age 65 onwards</strong><br></td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:50%;background-color:#ed7d31;text-align:center;padding:25px;"> <span style="color:#ffffff;">​Standard Plan Monthly Payout</span><br></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;background-color:#fbe5d6;text-align:center;padding-top:35px;"> <span style="color:#444444;">​$1,320 - $1,410</span></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:50%;background-color:#4472c4;text-align:center;padding:25px;">​<span style="color:#ffffff;">Basic Plan Monthly Payout​</span></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;background-color:#deebf7;text-align:center;padding-top:35px;"> <span style="color:#444444;">$1,240 - $1,290​</span><br></td></tr><tr class="ms-rteTableFooterRow-default"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:50%;background-color:#7bb952;text-align:center;padding:25px;">​<span style="color:#ffffff;">Escalating Plan Monthly Payout</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:50%;background-color:#e2f0d9;text-align:center;">​<span style="color:#444444;">$1,010 - $1,110<br><i style="font-size:0.9em;">(initial amount)</i><br style="font-size:0.9em;"><span style="font-size:0.9em;">Payouts increase by 2% every year ​</span></span></td></tr></tbody></table><table cellspacing="0" width="100%" class="ms-rteTable-default"><tbody><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" colspan="2" style="width:50%;"><div style="text-align:center;">​<strong>Enhanced Retirement Sum</strong><span class="cpf-tooltip"><span class="cpf-tooltip-link" data-placement="bottom" data-html="true" data-toggle="tooltip" data-trigger="click" data-title="If you wish to put more savings in CPF LIFE."><span class="glyphicon glyphicon-question-sign"></span><br></span></span><br>(ERS) at age 55<br><strong>$256,500</strong></div></td></tr><tr class="ms-rteTableOddRow-default" style="text-align:center;"><td class="ms-rteTableEvenCol-default" colspan="2" rowspan="1" style="width:50%;"><strong>​Monthly Payout for life from age 65 onwards</strong><br></td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:50%;background-color:#ed7d31;text-align:center;padding:25px;"> <span style="color:#ffffff;">​Standard Plan Monthly Payout</span><br></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;background-color:#fbe5d6;text-align:center;padding-top:35px;"> <span style="color:#444444;">​$1,910 - $2,060</span></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:50%;background-color:#4472c4;text-align:center;padding:25px;">​<span style="color:#ffffff;">Basic Plan Monthly Payout​</span></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;background-color:#deebf7;text-align:center;padding-top:35px;"> <span style="color:#444444;">$1,810 - $1,870</span><br></td></tr><tr class="ms-rteTableFooterRow-default"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:50%;background-color:#7bb952;text-align:center;padding:25px;">​<span style="color:#ffffff;">Escalating Plan Monthly Payout</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:50%;background-color:#e2f0d9;text-align:center;">​<span style="color:#444444;">$1,470 - $1,620<br><i style="font-size:0.9em;">(initial amount)</i><br style="font-size:0.9em;"><span style="font-size:0.9em;">Payouts increase by 2% every year ​</span></span></td></tr></tbody></table></div><p> <span style="font-size:0.9em;">Note: These monthly payouts are estimates and computed as of 2018. Payouts may also 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.</span></p> <p>The <a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/LifePayoutEstimator/LifePayoutEstimator">CPF LIFE Payout Estimator</a> can help you to estimate your monthly LIFE payout and the bequest for the different plans depending on your Retirement Account savings.</p>CPF LIFE15341534
UnderstandWill I lose all my money if I pass away early?<p>You and your loved ones will always get back at least the amount that you have put into CPF LIFE, in the form of payouts and/or bequest, no matter what age you live to.</p><div class="hidden-xs"> <img src="/assets/members/PublishingImages/LIFEPayouts_Bequest_Desktop.png" alt="Life payouts you received during your lifetime together with your bequest you leave behind for your loved ones will always be larger or equal to the principal amount you have put into CPF LIFE." class="img-responsive" /> </div><div class="visible-xs"> <img src="/assets/members/PublishingImages/LIFEPayouts_Bequest_Mobile.png" alt="Life payouts you received during your lifetime together with your bequest you leave behind for your loved ones will always be larger or equal to the principal amount you have put into CPF LIFE." class="img-responsive" /> </div> <br>CPF LIFE23011749
UnderstandWhat must I do to be included in CPF LIFE?<p>It is easy to join CPF LIFE!</p><p style="text-align:center;"> <img alt="Who Is CPF LIFE For" src="/Assets/members/PublishingImages/WhoisCPFLIFEfor.png" style="width:60%;" /> <br></p><p style="text-align:center;"> <strong>CPF members who meet the criteria will<br><u>automatically</u> enjoy lifelong retirement income through CPF LIFE</strong></p><p>​ </p><p>You will automatically be included in CPF LIFE to enjoy lifelong payouts if:</p><ul><li>you are a Singapore Citizen or Permanent Resident born in 1958 or after <span class="cpf-tooltip"> <span class="cpf-tooltip-link" data-placement="bottom" data-html="true" data-toggle="tooltip" data-trigger="click" data-title="If you turned 55 between 1 January 2013 and 30 April 2016, you will also join CPF LIFE if you have at least $40,000 in your Retirement Account when you reach 55 years old."> <span class="glyphicon glyphicon-question-sign"></span> </span> </span> ; and<br></li><li>have at least $60,000 in your Retirement Account <span class="cpf-tooltip"><span class="cpf-tooltip-link" data-placement="bottom" data-html="true" data-toggle="tooltip" data-trigger="click" data-title="At age 55, your Retirement Account (RA) is created with savings from your Special Account (SA) and Ordinary Account (OA)."><span class="glyphicon glyphicon-question-sign"></span> </span> </span> six months before you reach your payout eligibility age (PEA) <span class="cpf-tooltip"><span class="cpf-tooltip-link" data-placement="auto" data-html="true" data-toggle="tooltip" data-trigger="click" data-title="Payout eligibility age (previously known as drawdown age) is the age which CPF members are eligible to receive CPF payouts. <br/> <table class='table table-bordered'><tbody><tr><th><b>Year</br>of Birth</b></th><th>1943 and<br>before<br></th><th>1944<br>to<br>1949</th><th>1950<br>and<br>1951</th><th>1952<br>and<br>1953</th><th>1954<br>and<br>after</th></tr><tr><td style='padding:0!important'><b>Payout<br>Eligibility<br> Age</b></td><td>60</td><td>62</td><td>63</td><td>64</td><td>65</td></tr></tbody></table>"><span class="glyphicon glyphicon-question-sign"></span> </span> </span>. </li></ul><p>If you are a Singaporean Citizen or Permanent Resident who does not meet the above requirements, you can still apply to join CPF LIFE and start receiving lifelong income, at any time between your payout eligibility age and one month before you turn 80 <span class="cpf-tooltip"><span class="cpf-tooltip-link" data-placement="bottom" data-html="true" data-toggle="tooltip" data-trigger="click" data-title="Even if you have started receiving payouts under the Retirement Sum Scheme, you can apply to switch to join the CPF LIFE scheme instead."><span class="glyphicon glyphicon-question-sign"></span> </span> </span> years old. </p>CPF LIFE15371537
EvaluateWhen do I need to choose my CPF LIFE plan?<p>You will only need to choose your CPF LIFE plan when you wish to start receiving your CPF LIFE monthly payouts (between payout eligibility age <span class="cpf-tooltip"><span class="cpf-tooltip-link" data-placement="auto" data-html="true" data-toggle="tooltip" data-trigger="click" data-title="Payout eligibility age (previously known as drawdown age) is the age which CPF members are eligible to receive CPF payouts. <br/> <table class='table table-bordered'><tbody><tr><th><b>Year</br>of Birth</b></th><th>1943 and<br>before<br></th><th>1944<br>to<br>1949</th><th>1950<br>and<br>1951</th><th>1952<br>and<br>1953</th><th>1954<br>and<br>after</th></tr><tr><td style='padding:0!important'><b>Payout<br>Eligibility<br> Age</b></td><td>60</td><td>62</td><td>63</td><td>64</td><td>65</td></tr></tbody></table>"><span class="glyphicon glyphicon-question-sign"></span> </span> </span> to 70). </p><p>We will write to you six months before your payout eligibility age to further explain the options you have and the choices you have to make. </p><p> <img src="/Assets/members/PublishingImages/CPFLIFEPlanSelectionPeriod.png" alt="CPF LIFE Plan Selection Period" class="img-responsive" /> </p>CPF LIFE15271527
EvaluateHow can I increase my CPF LIFE monthly payouts?<ol><li style="margin-bottom:5pt;">If you would like to receive higher payouts, you or your loved ones can make <a href="/Members/Schemes/schemes/retirement/retirement-sum-topping-up-scheme#Item1594">cash top-ups or CPF transfers</a> (or both) into your Retirement Account. You may top up your Retirement Account to the prevailing Enhanced Retirement Sum<span class="cpf-tooltip"><span class="cpf-tooltip-link" data-placement="bottom" data-html="true" data-toggle="tooltip" data-trigger="click" data-title="The prevailing ERS is $256,500."><span class="glyphicon glyphicon-question-sign"></span> </span> </span> .<br></li> <li style="margin-bottom:5pt;">You also have the option to start your CPF LIFE payouts later, up to age 70. Doing so helps to accumulate interest within the CPF to boost your future retirement income, especially if you are still working or have other sources of income now. Your CPF LIFE monthly payouts will increase by up to 7% per year when you choose to start your payouts later. </li></ol><p> <img src="/Assets/members/PublishingImages/IncreasePayouts.png" alt="Option to defer and receive higher payouts" class="img-responsive" /> </p>CPF LIFE15351535
EvaluateHow will I receive my CPF LIFE monthly payout?<p>The monthly payouts from CPF LIFE will be paid directly into your bank account through Inter-Bank GIRO (IBG) by the 4th working day of each month.</p><p>If the IBG is unsuccessful because you have closed your bank account, the CPF LIFE payouts will be paid into your CPF Ordinary Account.</p>CPF LIFE19021736

 

 

CPF LIFE Payout Estimator CPF LIFE Payout Estimator <a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/LifePayoutEstimator/LifePayoutEstimator" target="_blank"><img alt="" src="/_layouts/15/IMAGES/ichtm.gif">Life_Estimator.asp</a>

 

 

 

 

 

 

Application for CPF LIFE Application for CPF LIFE /Tools/online-demos/online-demos/my-cpf-online-services/my-requests562MP4, 1.1MB
Application for CPF LIFE Additional AnnuityApplication for CPF LIFE Additional Annuity/Tools/online-demos/online-demos/my-cpf-online-services/my-requests556MP4, 1.0MB
Application to Start CPF LIFE Payout Application to Start CPF LIFE Payout /Tools/online-demos/online-demos/my-cpf-online-services/my-requests713MP4, 0.5MB
Application to Defer CPF LIFE Payout Application to Defer CPF LIFE Payout /Tools/online-demos/online-demos/my-cpf-online-services/my-requests712MP4, 0.5MB
Apply to Switch to CPF LIFE Escalating PlanApply to Switch to CPF LIFE Escalating Plan/Tools/online-demos/online-demos/my-cpf-online-services/my-requests726MP4, 1.2MB

 

 

 

 

 

 

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>

 

 

Application for CPF LIFE Plan<a href="/Assets/members/Documents/FORM_LIDAPP1.pdf" target="_blank" title="Application for CPF LIFE Plan"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">Application for CPF LIFE Plan</a><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>00PDF, 0.5MB
Application for Additional Annuity under CPF LIFE<a href="/Assets/members/Documents/FORM_LIDAPP1A.pdf" target="_blank" title="Application for Additional Annuity Under CPF LIFE"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">Application for Additional Annuity Under CPF LIFE</a><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>00PDF, 0.4MB
Apply to Start CPF LIFE Payout<a href="/Assets/members/Documents/FORM_LIDDE2.pdf" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">Apply to Start CPF LIFE Payout</a><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>00PDF, 0.3MB
Apply to Defer CPF LIFE Payout<a href="/Assets/members/Documents/FORM_LIDDE1.pdf" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">Apply to Defer CPF LIFE Payout</a><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>00PDF, 0.3MB
Apply to Switch to CPF LIFE Escalating Plan<a href="/Assets/members/Documents/Form_LID_SW.pdf" target="_blank"><img alt="" src="/_layouts/15/IMAGES/icpdf.png">Form_LID_SW.pdf</a><a href="https://www.cpf.gov.sg/eSvc/Web/Schemes/ApplySwitchToLifeEscalatingPlan/ApplySwitchToLifeEscalatingPlanInformation " target="_blank"><img alt="" src="/_layouts/15/IMAGES/icgen.gif">ApplySwitchToLifeEscalatingPlanInformation </a><p>​​​FORM LID_SW</p><p>This form allows you to apply to switch your existing CPF LIFE plan to the CPF LIFE Escalating Plan. The e-Service may take you 10 minutes to complete.<br></p>00PDF, 0.7MB

 

 

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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