Common misconceptions about CPF LIFE
Retirement planning doesn’t have to be complicated. All Singapore citizens and permanent residents are either automatically included into CPF LIFE or can opt in to the scheme. With CPF LIFE, you already have a plan that will provide you with a stream of income in your retirement.
THE FACT IS...
With CPF LIFE, you will continue to receive payouts no matter how long you live. You’ll still enjoy monthly payouts from CPF LIFE even at 100 years old.
The interest earned from the scheme has been ruled by the Legal (Fatwa) Committee to be not riba, and therefore not “haram”.
MYTH: Planning for retirement is so complicated.
MYTH: My CPF LIFE payouts will eventually run out.
MYTH: Isn’t interest earned from CPF LIFE “haram”?
