CPF LIFE: the three plans, side by side
CPF LIFE pays you a monthly income for as long as you live. There are three plans, and they differ in how much they pay each month, how that amount changes over the years, and how much may be left for your family. This page puts the same figures next to each other so you can see the trade-off. Nothing is saved, and you do not need an account.
Your figures
Three numbers, and the comparison updates as you type.
Singapore dollars. The amount in your CPF Retirement Account when it was formed at 55. If you have not turned 55 yet, put in the amount you expect to have then. Your CPF statement shows this figure.
Used to work out which payout starting ages are still open to you.
7 years from now. Payouts can begin at 65, and 70 is the latest age CPF Board lets them be put off to. Starting later means fewer years of payouts in the projection, and a larger monthly amount.
Enter your Retirement Account balance at 55 to see the comparison.
Loading the published CPF figures…
What may be left for your family
The plans differ in how much of your CPF savings may be passed on when you die: what is left of your Retirement Account, plus any part of the annuity premium that has not been paid out. That figure is not shown on this page, because two of the published values it needs are not in our records: how much of your Retirement Account each plan puts into the annuity, and how much of that can come back. Reading the monthly payouts on their own therefore tells you only part of the difference between the plans.
CPF Board publishes how each plan treats thisHow these figures are worked out
- Monthly payouts are read off the payout figures CPF Board publishes against Retirement Account balances at 55. A balance between two published figures is placed on the straight line between them; a balance at a published figure gets that published amount.
- Putting payouts off past 65 raises the monthly amount by the increase CPF Board publishes for each year of deferral, up to age 70.
- The projection runs to age 95. It is a fixed end point for comparing the plans, not a view about how long anyone lives.
- What may be left for your family is what remains of your Retirement Account, plus the part of the annuity premium that has not been paid out. It appears only when every value behind it comes from a published CPF Board figure.
- Every statutory value comes from a published CPF Board figure, shown with its source and date below each plan.
- The figures are indicative. Your actual payouts are worked out by CPF Board from your own record.
This is a comparison, not advice
KinnWealth does not recommend a CPF LIFE plan and does not rank the plans. We never hold your savings and never move them. Your CPF LIFE plan is chosen with CPF Board.
These projections are estimates based on information you have entered and are for illustration purposes only. They are not financial advice. Please consult a licensed financial adviser before making any financial decisions.