Planning for Your Retirement with CPF – Part 1 (Growing Your Savings)

Wonder what happens to your CPF savings when you turn 55? What is CPF LIFE and how much retirement payouts can you receive from your CPF savings?

Watch this video and learn how you can start planning for your retirement with CPF.

00:00 Introduction
00:06 3 retirement needs – Home ownership, Healthcare financing, and Retirement income
01:57 CPF LIFE (Lifelong Income For Elderly)
05:18 3 tips to enjoy higher retirement payouts
05:36 Tip 1: Reduce CPF outflows
07:29 Tip 2: Retirement Sum Topping-up Scheme
10:35 Tip 3: Defer your payouts

Please note that the figures shown in this video are applicable to members turning 55 in 2022. For the retirement sums applicable to members turning 55 in 2023 to 2027, please refer to https://www.cpf.gov.sg/RetirementSum

For more information on the following schemes, please visit our website:
Matched Retirement Savings Scheme - https://www.cpf.gov.sg/MRSS
Silver Support Scheme – https://www.cpf.gov.sg/SSS
Workfare Income Supplement Scheme – https://www.cpf.gov.sg/WIS

If you have any questions, please write to us at https://www.cpf.gov.sg/writetous