| Birth Year |
What You Can Do
|
| 1954 and earlier |
- You can apply to join CPF LIFE now, or
- You can remain on the Minimum Sum Scheme.
|
| 1955 – 1957 |
- You can apply to join CPF LIFE when you reach 55 years old, or
- You can remain on the Minimum Sum Scheme.
|
| 1958 and later |
- If you have at least $40,000 in your RA at 55 or at least $60,000 in your RA at 65, you will be automatically included under CPF LIFE
- If you have less than $40,000 in your RA at 55 or less than $60,000 in your RA at 65, you can apply to join CPF LIFE; otherwise you will be on the Minimum Sum Scheme.
|
CPF LIFE will give you a monthly payout starting from your Draw Down Age, for life. It improves upon the current Minimum Sum Scheme where payouts only last about 20 years. |
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