You can choose to start receiving your CPF LIFE payouts anytime between the ages of 65 and 70. Consider starting later as your monthly payout will increase by up to 7% for each year that you defer starting.

 

CPF Board will send you a notification three months before your 65th birthday to explain your options and guide you in choosing your CPF LIFE plan. Your payouts will automatically start when you turn 70 if you have not instructed CPF Board regarding your payouts by then.

 

If you are already covered under a CPF LIFE plan, you do not need to apply to start your monthly payouts as it will be automatically paid to you from the month you turn 65. However, if you wish to make changes to your payout (e.g. defer payouts or start your payout now as you had previously deferred), you can do so via Plan my monthly payouts service. Please note that you can only defer your CPF LIFE monthly payout up to age 70.