CPFB | Other payouts

Retirement income

Receive monthly payouts which will stop when your savings run out

If you’re not on CPF LIFE, you’ll receive monthly payouts which will stop when your savings run out. Join CPF LIFE to enjoy payouts no matter how long you live.

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Comparison
Eligibility
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Comparison

What happens if you’re not on CPF LIFE?

CPF LIFE

Lifelong payouts

Enjoy peace of mind knowing that you'll have monthly income no matter how long you live

Not on CPF LIFE

Payouts which will stop when your savings run out

You will need other source of retirement income to fund your living expenses

Eligibility

Who is not automatically included in CPF LIFE?

Old man with grey hair, holding a cup of tea and listening to music.

You’ll receive monthly payouts which will stop when your savings run out if you’re:

born before 1958;
born in 1958 or after and have less than $60,000 in your retirement savings when you start your monthly payouts; or
a non-Singapore Citizen or Non-Permanent Resident.

Join CPF LIFE to enjoy peace of mind, knowing that you’ll have monthly income no matter how long you live.

Learn more about CPF LIFE

Opting out

If you have other sources of lifelong income, you can be exempted from setting aside retirement savings for CPF payouts and can withdraw all of them.

Learn about exemption

Features

How your payouts work if you’re not on CPF LIFE

Starting monthly payouts

You can apply to start receiving monthly payouts at any time after age 65. Payouts will start automatically at 70 if you have not chosen to start earlier.

How payouts are calculated

Your monthly payouts will be calculated to last you up to 20 years from your payout eligibility age, based on the prevailing interest rate earned on your Retirement Account savings when you start your payouts.

Extended payouts through extra interest

Did you know you earn extra interest of up to 2% per annum on your retirement savings? This interest earned will be used to extend your payouts, up to age 90.

Find out more

Increasing and extending payouts

You’ll either receive more payouts or enjoy an extended payout duration, when you choose to defer your payouts. Another way you can receive more, is to make cash top-ups or CPF transfers to your retirement savings.

Find out more