MYTH: CPF LIFE is one-size-fits-all.
MYTH: It’s hard to make my CPF savings grow faster.
MYTH: I will lose out on payouts if I retire later.
You may choose from three plans – Escalating, Standard or Basic – depending on which best supports your preferred retirement lifestyle.
Common misconceptions about CPF LIFE
THE FACT IS...
There are different ways to make your CPF savings work harder for you. Some CPF members transfer their savings from their Ordinary Account to their Retirement Account, which offers a floor interest rate of 4 per cent that can go up to 6 per cent per year.
You can start your payouts anytime from age 65 to 70 regardless of your employment status. If you enjoy staying active through work or have other sources of income, start your payouts later to get higher payouts.
