What is the latest age to start my payouts?
The latest that you can start your payouts is age 70 if you are turning 70 from 2018 onwards.*
From 2018, payouts will automatically commence for members on the RSS at age 70 even if you have not made an application to the CPF Board to receive your monthly payouts. This automatic payout start age of 70 is similar to that for CPF LIFE and it simplifies the activation process for Retirement Sum Scheme (RSS) members to receive payouts. With this automatic commencement, elderly members can enjoy a retirement income from their CPF savings with greater ease.
*If you are under the RSS and turned 70 before 1 January 2018, you can choose to start your monthly payouts anytime from your payout eligibility age.