A SNEAK-PEEK INTO YOUR CPF LIFE PAYOUT AT AGE 65 | TheFinLens

  • 4 years ago
How do you see yourself in the future when you grow old?

Happy and prosperous? Or sick and lack of money?

To no one’s surprise, everybody prefers the first scenario, including you.

The government of Singapore and CPF Board understand this concern; thus, creating a retirement scheme called CPF Life to help you achieve happy and prosperous retirement days. This program works by providing a lifelong stream to its members through a monthly payout for the rest of their life, starting at age 65.

So what actually happens when you enter the age 65?

RECEIVE MONTHLY PAYOUT
Why age 65 is such a big matter is because it is the current payout eligibility age (pea) set by the government, which means this is the age where you can start receiving a monthly payout from your Retirement Account that you have created at age 55.

There are 3 types of CPF Life plans which determine how much money you will receive per month.

Read More:
http://thefinlens.com/a-sneak-peek-into-your-cpf-life-at-age-65/

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