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

Singaporeans who are 47 years old and above in 2009, i.e. those born in 1962 or earlier will be eligible for L-Bonus if they enrol in CPF LIFE.

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.