Personal Finance
Guide to CPF LIFE: Plans, Payouts, and What Happens to My CPF When I Die?
By Seedly  •  August 27, 2021
There are a few notable age milestones if you live in Singapore, especially when it comes to things relating to personal finance. Age 25 when we start getting Skillsfuture credits. Age 30 when we switch out your IC and start paying for Careshield Life. Age 35 when we can purchase our own HDB flat as a single. And of course, age 65 when start getting our CPF payouts. Source: Tenor With CPF LIFE being one of the building blocks of my retirement planning, it felt imperative to understand this scheme a little better. So if you’re also trying to understand this scheme a little better, here’s what you need to know! TL;DR: Guide to CPF LIFE: Plans Available, Minimum Sums, Payouts and More
  • What is CPF LIFE?
  • How do I join CPF LIFE?
  • Types of CPF LIFE plans available
  • How much payouts will I get under CPF LIFE?
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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