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my cpf

View personal CPF information and transactions for retirement, home ownership, healthcare, and more.


CPF overview

CPF empowers you to secure your life goals. Save for retirement, home ownership, and healthcare protection.

Growing your savings

For greater peace of mind in your golden years, CPF provides you with a strong foundation for retirement by helping you save for your retirement income, home ownership and healthcare needs.

Retirement income

Build a strong foundation for your retirement and get more from what you save in your golden years.

Home ownership

Owning a home can be affordable. Take care of your mortgage repayment, while protecting your retirement nest egg.

Healthcare financing

Learn how CPF can give you peace of mind to manage your basic healthcare sum and meet the costs of your healthcare needs.

Account services

Throughout your working life and in retirement, you can easily access your CPF account information using Singpass. To better manage your CPF savings, keep up with the latest news by having your contact details updated and subscribe to our email notifications.

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How does each CPF LIFE plan work?

All three CPF LIFE plans share common features:

  1. They will provide you with a monthly payout no matter how long you live.
  2. Your Retirement Account (RA) savings will be used to pay the CPF LIFE premium for your CPF LIFE plan. These premiums will earn attractive and risk-free CPF interest rates of up to 6%, which includes the extra interest of up to 2% from the Government.
  3. When you pass away, your beneficiaries will receive your CPF LIFE premium balance (if any) together with any remaining CPF savings.

However, each plan provides different types of monthly payouts to cater to members with different retirement income needs. Click on the following links to find out how each CPF LIFE plan works.

The CPF LIFE Escalating Plan provides payouts that increase by 2% each year so that a member could generally maintain their standard of living even as prices rise over the years.

 

For example, things that cost $10 when you are 65 may cost $15 when you are 85. Under the Escalating Plan, a monthly payout that starts at $1,000 when you are 65 would reach approximately $1,500 by the time you are 85. This protects you against rising prices. To be more specific, the Escalating Plan has 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.

 

Under this plan, all your Retirement Account savings will be deducted as CPF LIFE premium when you join CPF LIFE, which can be anytime from 65 to 70.

 

Your CPF LIFE monthly payouts will first be paid from your CPF LIFE premium. When your CPF LIFE premium is depleted, you will continue to receive the monthly payouts from the interest that you and other CPF LIFE members have accumulated, no matter how long you live.

The CPF LIFE Standard Plan provides level payouts. It is suitable for people who are willing to cope with rising prices in the years ahead by buying less and living a more modest lifestyle. Payouts start higher than the Escalating Plan if you join with the same CPF LIFE premium, but will remain the same for the rest of your life and will eventually be lower than Escalating Plan payouts.

 

Under this plan, all your Retirement Account savings will be deducted as CPF LIFE premium when you join CPF LIFE.

 

Your CPF LIFE monthly payouts will first be paid from your CPF LIFE premium. When your CPF LIFE premium is depleted, you will continue to receive the monthly payouts from the interest that you and other CPF LIFE members have accumulated, no matter how long you live.

CPF LIFE Basic Plan is a legacy plan carried over from the time CPF LIFE was first introduced in 2009. Many members would find the Standard or Escalating Plan more suited to their needs. Unlike the CPF LIFE Standard Plan that gives higher and level monthly payouts, the monthly payouts under the Basic Plan are lower and will get progressively lower when your combined CPF balances eventually fall below $60,000. This is because the extra interest is earned on the first $60,000 of your combined CPF balances are credited to the Retirement Account (RA) and paid as part of your monthly payouts. As balances fall due to payouts, the extra interest earned and subsequent payouts will decline as well.

 

Under the LIFE Basic Plan, about 10-20% of your RA savings will be deducted as CPF LIFE premium when you join CPF LIFE, which can be any time from 65 to 70.

 

Your monthly payout will first be paid from your RA and is estimated to last until 90. Thereafter, monthly payouts will be paid from your CPF LIFE premium. If your CPF LIFE premium is depleted, you will continue to receive monthly payouts no matter how long you live.