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Fatty Finance

19 Feb 2020

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Can I fully withdraw my CPF and opt-out of CPF life without an annuity plan by age 65, or whatever the new retirement age is?

Can I avoid CPF life? Maybe I will not live so long and I rather spend it and live better.

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Hariz Arthur Maloy

19 Feb 2020

Independent Financial Advisor at Promiseland Independent

There are currently no private insurance annuity policy available that matches CPF's definitions to allow you to opt out.

They've made it so incredibly difficult that's its absurd.

But note that there are private policies that pay you a lifetime income, it's just you have to get them on top of CPF Life and you can't use them to replace CPF Life.

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If FRS/BRS being used to pay as Premium of CPF Life at age of 55 or 65, and a PR renounce his PR at age 58, does he get back full amount from RA without paying the CPF Life Premium?

Hi, planning for retirement at 55, invest for income from 55 - 65 yo before CPF Life payout & top-up CPF to ERS. Have some questions about possible investments?

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