The CPF Lifelong Income For The Elderly (CPF LIFE) is an annuity scheme that provides you with a monthly payout for as long as you live. Your retirement sum will be used to buy CPF LIFE.
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An annuity scheme that provides you with a monthly payout for as long as you live. Your retirement sum will be used to buy CPF LIFE
Key InformationThe CPF Lifelong Income For The Elderly (CPF LIFE) is an annuity scheme that provides you with a monthly payout for as long as you live. Your retirement sum will be used to buy CPF LIFE.
Qualifying Criteria/ Age GroupYou are eligible to receive your monthly payouts from your payout eligibility age. If you are above your payout eligibility age when you join CPF LIFE, your monthly payouts will start one month after your policy is issued. You also have the option to start your payouts later, up to age 70. For each year deferred, your CPF LIFE monthly payout increase by up to 7%.
| Year of Birth | Payout Eligibility Age |
| 1943 and before | 60 |
| 1944 to 1949 | 62 |
| 1950 and 1951 | 63 |
| 1952 and 1953 | 64 |
| 1954 and after | 65 |
Resource Links/ References/ Details