To encourage Singaporeans to enrol in CPF LIFE, the Government will provide a bonus, called the LIFE Bonus (L-Bonus), for eligible Singaporeans.

If you were born between 1955 and 1962, you are encouraged to join before reaching 56 to be eligible for your L-Bonus.

The amount of L-Bonus that a member is eligible for is dependent on his age, the balance in his Retirement Account which would be committed to CPF LIFE, his annual Assessable Income (AI) and the Annual Value (AV) of his home.

For more information on L-Bonus, please click here.