You can apply to withdraw your retirement savings if your pension or annuity provides you with monthly payouts for life. The withdrawal amount depends on the monthly payouts you receive from your pension or annuity.

 

• Generally, only pensions under the Singapore Government will be considered.
• Pension providers must have a credit rating comparable to CPF LIFE, which invests in AAA-rated Special Singapore Government Securities.
• Pensions without recognised credit ratings (e.g., Standard & Poor's, Moody's, or Fitch Ratings) will be assessed on a case-by-case basis.

• Must be purchased using cash or through the CPF Investment Scheme.
• Must be administered by Monetary Authority of Singapore-registered insurance companies and satisfy the Insurance Act requirements.
• You must be the policyholder and sole insured person.

All applications are subject to the Board’s approval.

 

Please note that Investment instruments such as endowments and bonds are not eligible as they generally do not provide the policy holder with a lifelong income.