Your Retirement Account (RA) balance when you join CPF LIFE

Your RA savings are used to pay for the CPF LIFE premium. The higher your RA balance when you join CPF LIFE, the higher your payout will be.

When you start payouts

For each year that you defer starting payouts, your payouts will increase by up to 7%. 

CPF interest rates

CPF LIFE payouts factor in the CPF interest rate, with a floor of 4%, and up to 2% extra interest on the first $60,000 of your combined CPF balances.

Life expectancy/ Mortality rates

Since CPF LIFE pays monthly payouts for life, longer life expectancies would result in lower monthly payouts as the payout duration is longer on average.

Hence, males receive higher payouts compared to females as they have a shorter average life expectancy.