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How does the CPF LIFE Standard Plan work?

The CPF LIFE Standard Plan provides level payouts. This plan is suitable for members who are comfortable with buying less and maintaining a modest lifestyle to cope with rising prices.

Compared to the CPF LIFE Escalating Plan, the Standard Plan provides higher payouts at the start but it doesn't increase over time to keep up with the rising prices. Hence, the payouts 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'll continue to receive the monthly payouts from the interest that you and other CPF LIFE members have accumulated, no matter how long you live.