CPF LIFE

You’ll be automatically included in CPF LIFE if you’re:

• A Singapore Citizen or Permanent Resident;
• Born in 1958 or after; and
• Have at least $60,000 in your retirement savings when you start your monthly payouts

If you’re automatically included, we’ll inform you before you turn 65 to explain the options available to you. 

If you’re not automatically included, you’ll receive monthly payouts which will stop when your savings run out.

If you're a Singapore Citizen or Permanent Resident who is not automatically included in CPF LIFE, you can still choose to join the scheme. 

You can enrol yourself when you’re ready to start receiving payouts, any time from 65 to one month before you turn 80.

You can choose to be exempted from CPF LIFE, if you have a pension or private annuity plan that pays the same or higher monthly payouts than CPF LIFE. Find out if you meet the criteria.

Are you currently enrolled in the Plus, Balanced, Basic, or Income Plan? Consider switching to the Escalating Plan to receive increasing payouts or Standard Plan to receive higher and level payouts.

If you are already enrolled in CPF LIFE, one way to boost your monthly payouts is to increase your CPF LIFE premiums. To do so, you must first make a cash top-up or CPF transfer to your Retirement Account.

Already started receiving payouts? You still have the option of deferring until age 70, to receive higher payouts.

Send in your application to start receiving monthly payouts if you have previously deferred.

Changed your bank account details recently? The fastest way to update is to tell us online.