Personal Finance
CPF LIFE: A Complete A to Z Guide
By Singapore Financial Planners  •  June 28, 2022
Ever wondered how the Singapore Government helps you in your journey to retirement? Well, that’s what the CPF Lifelong Income for The Elderly (a.k.a CPF LIFE) scheme is for! In fact, it is the default retirement plan for Singaporeans, and for most – their only retirement plan. Don’t worry – we’re here to break it down in all aspects so you fully understand how it aids in building your retirement nest. What is CPF LIFE? Simply put, the CPF LIFE plan is an annuity scheme that provides recurring passive income from a payout eligibility age (at age 65) for as long as you live. Before you turn 65, CPF Board will send you a letter detailing more information about this annuity plan if you’re automatically included. To be automatically included in CPF LIFE, you’ll have to be A Singaporean or Permanent Resident (PR) Born in 1958 or after; and...
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By Singapore Financial Planners
We believe in the power of financial literacy. It’s unfortunate that schools do not provide crucial life lessons like financial planning. Thus, we created Singapore Financial Planners to create a space where we provide financial education so that you can make an informed decision.

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