CPF Lifelong Income for the Elderly (LIFE) is Singapore's national annuity scheme. Members who reach 65 with at least SGD 60,000 in their Retirement Account are automatically placed on CPF LIFE, receiving monthly payouts for life.

What are the CPF LIFE plans?

Standard Plan: higher monthly payouts with smaller estate bequest. Basic Plan: lower payouts but larger estate (original RA balance less payouts). Escalating Plan: payouts increase 2% per year, lower initially but higher in later years.

What is the Full Retirement Sum for 2024?

SGD 205,800 for those turning 55 in 2024. Those with this amount in RA receive approximately SGD 1,550-1,650/month from CPF LIFE. The Enhanced Retirement Sum (4x BRS) of SGD 308,700 provides approximately SGD 2,400-2,500/month.

Singapore CPF LIFE Monthly Payout Estimate Calculator

Estimate CPF LIFE monthly payouts under Standard, Basic, and Escalating plans. Based on Retirement Account (RA) balance at 65. Full Retirement Sum (FRS) 2024: S$205,800. Enhanced Retirement Sum (ERS) 4x Basic Retirement Sum.

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Frequently Asked Questions

What is CPF LIFE?

What are the CPF LIFE plans?

What is the Full Retirement Sum for 2024?