Scheduled maintenance: CPF digital services will not be available on 28 Apr 2024, from 12am to 6am.

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What happens to my CPF LIFE plan if my application to withdraw all my retirement savings using my pension/annuity is approved?

If your application to withdraw all your retirement savings using your pension/annuity is approved, you can decide whether to:

i.         terminate your CPF LIFE plan and receive a refund of the premium balance (if applicable); or

ii.       keep your CPF LIFE plan and receive monthly payouts for as long as you live.