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

• Generally only pensions under the Singapore Government will be considered. 

• Must be bought 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. 

Your application will be 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.