The CPF LIFE (Central Provident Fund Lifelong Income for the Elderly) scheme is one of Singapore’s most important retirement programs. It provides lifelong monthly income to seniors, ensuring financial stability during retirement. In 2025, payouts under CPF LIFE range from $860 to $3,330 per month, depending on the savings a member has in their Retirement Account and the plan they select. This national annuity guarantees that retirees continue receiving income even after their CPF savings are used up.
Overview of CPF LIFE in 2025
CPF LIFE is managed by the Central Provident Fund Board and is designed to give Singaporeans a steady stream of income for life. Members turning 65 in 2025 will automatically start receiving payouts if they have enough savings in their Retirement Account.
Aspect | Details |
---|---|
Administered By | Central Provident Fund Board (CPF) |
Program Name | CPF LIFE (Lifelong Income for the Elderly) |
Country | Singapore |
Eligibility | Singapore Citizens and Permanent Residents |
Monthly Payout Range | $860 to $3,330 at age 65 |
Minimum Requirement | $60,000 in Retirement Account |
Payout Frequency | Monthly |
Plan Types | Basic, Full, Enhanced |
CPF LIFE payouts differ based on a member’s savings and chosen plan. The three plans, Basic, Full, and Enhanced, are structured to meet different needs depending on lifestyle and savings goals.
Understanding How CPF LIFE Works

CPF LIFE is a national annuity scheme that replaced earlier retirement programs to provide sustainable lifelong income. Members with at least $60,000 in their Retirement Account are automatically enrolled. Those with less than that amount may still opt in voluntarily. This system helps retirees maintain independence and confidence by ensuring a consistent income throughout their lifetime.
Eligibility Criteria for CPF LIFE 2025
To qualify for CPF LIFE payouts in 2025, applicants must meet the following conditions:
- Be a Singapore Citizen or Permanent Resident
- Be born in 1958 or later, meaning aged 65 and above
- Have at least $60,000 in their Retirement Account before payout begins
- Maintain an active CPF account for automatic inclusion
Those who wish to delay their payouts can do so, and each year of delay increases their monthly income by about seven percent.
CPF LIFE Payouts by Retirement Sum
CPF LIFE offers flexibility through three saving levels known as the Basic, Full, and Enhanced Retirement Sums. Each level provides a different payout range based on the member’s savings.
Plan Type | Retirement Sum (Approx.) | Estimated Monthly Payout at Age 65 |
---|---|---|
Basic Plan | $93,000 | $860 to $930 |
Full Plan | $213,000 | $1,610 to $1,730 |
Enhanced Plan | $426,000 | $3,100 to $3,330 |
Delaying payouts beyond age 65 increases the monthly payout amount and provides greater income for those who prefer to start later.
CPF LIFE Plan Options
CPF LIFE offers three types of plans that cater to different retirement needs and financial goals.
- Standard Plan provides a fixed monthly payout throughout retirement and is ideal for those who want steady income.
- Basic Plan offers a smaller payout but leaves more savings to beneficiaries after death. It suits those who wish to leave behind an inheritance.
- Escalating Plan starts with lower payouts that increase by two percent each year. This helps offset inflation and supports retirees over the long term.
How to Apply for CPF LIFE
Applying for CPF LIFE is simple and can be done online using Singpass. Those who meet the savings criteria are automatically enrolled.
- Log in with Singpass on the CPF website.
- Go to “My CPF” and open the “Retirement” section.
- Select “Join CPF LIFE” to begin the process.
- Choose your preferred plan option.
- Review your selection and submit the application.
Once the application is confirmed, payouts will begin automatically when the individual reaches the eligible payout age.
Silver Support Scheme for Low-Income Seniors
Low-income seniors can also receive extra support through the Silver Support Scheme, which provides quarterly cash payments. This helps retirees manage basic living expenses and ensures that all elderly Singaporeans enjoy a basic standard of living even if their CPF savings are limited. The Silver Support Scheme complements CPF LIFE by offering additional financial assistance for the most vulnerable seniors.
Key Adjustments to CPF LIFE in 2025
Several adjustments have been introduced to improve CPF LIFE payouts and flexibility.
Adjustment | Change | Description |
---|---|---|
Delayed Payout | +7% per year | Each year of delay increases monthly payouts |
Escalating Plan | +2% annually | Monthly payouts rise yearly to offset inflation |
Automatic Enrollment | Yes | For those with at least $60,000 in their Retirement Account |
Lifelong Income | Guaranteed | Monthly payments continue for life |
These updates make CPF LIFE more adaptable and better suited to the needs of an ageing population.
Importance of CPF LIFE
CPF LIFE plays a vital role in ensuring retirement security in Singapore. It helps seniors maintain their independence by offering predictable income and protection against outliving their savings. With the 2025 payout structure, retirees can expect greater flexibility, stronger financial stability, and peace of mind throughout their later years.