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If you’re approaching retirement and have not set aside your Full Retirement Sum, it’s okay! You can still join CPF LIFE from age 65, which will provide you with monthly payouts no matter how long you live. This way, you won’t have to worry about running out of savings during retirement. Watch this video to learn more and find out how CPF LIFE can help you strengthen your retirement plan here: cpf.gov.sg/CPFLIFEFB #CPFBoard #CPFLIFE #Retirement | CPF Board
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The CPF Basic Retirement Sum will be raised by 3.5% per year for the next 5 cohorts of people turning 55. This is to provide members with higher monthly payouts in their retirement years, given the rising standards of living, said Finance Minister Lawrence Wong. https://str.sg/wmqL | The Straits Times
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