Planning for Your Retirement with CPF – Part 1 Growing Your Savings

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Wonder what happens to your CPF savings when you turn 55? What is CPF LIFE and how much retirement payouts can you receive from your CPF savings? • Watch this video and learn how you can start planning for your retirement with CPF. • 00:00 Introduction • 00:06 3 retirement needs – Home ownership, Healthcare financing, and Retirement income • 01:57 CPF LIFE (Lifelong Income For Elderly) • 05:18 3 tips to enjoy higher retirement payouts • 05:36 Tip 1: Reduce CPF outflows • 07:29 Tip 2: Retirement Sum Topping-up Scheme • 10:35 Tip 3: Defer your payouts • Please note that the figures shown in this video are applicable to members turning 55 in 2022. For the retirement sums applicable to members turning 55 in 2023 to 2027, please refer to https://www.cpf.gov.sg/RetirementSum • For more information on the following schemes, please visit our website: • Matched Retirement Savings Scheme - https://www.cpf.gov.sg/MRSS • Silver Support Scheme – https://www.cpf.gov.sg/SSS • Workfare Income Supplement Scheme – https://www.cpf.gov.sg/WIS • If you have any questions, please write to us at https://www.cpf.gov.sg/writetous

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