What happens to my CPF LIFE plan if I am approved to withdraw under the Reduced Life Expectancy scheme?

Updated by CPF 2y ago

If you are approved to withdraw your retirement savings under the Reduced Life Expectancy scheme, you can decide whether to:

(i) terminate your CPF LIFE plan and receive a refund of the premium balance (if applicable); or

(ii) keep your CPF LIFE plan and receive monthly payouts for as long as you live.

This information is sourced from CPF.

Topics:

Retirement Income Retirement Withdrawals

Related questions

How much can I withdraw under the Reduced Life Expectancy scheme?

What happens to my CPF LIFE plan when my CPF account is closed after my renunciation of Singapore Citizenship/ Permanent Residency?

Updated 9mo ago

Can I cancel my CPF LIFE plan after I have joined?

What happens to my CPF LIFE plan if my application to withdraw all my retirement savings using my pension/annuity is approved?

Need more help?

Describe your issues to us.