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Angel

18 Nov 2021

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CPF life annuity plan pays a merely difference of $50 between $190K (est payout $1599) and $299K (est payout $1637) in the RA. What's the explanation for this?

Does it makes sense?

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Elijah Lee

18 Nov 2021

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hello Angel,

I tried to play around with the numbers in the CPF LIFE estimator but there are quite a few permutations possible and I didn't get the numbers you stated.

Perhaps you could share more about the parameters you used?

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Tan Choong Hwee

Edited 18 Nov 2021

Solutions Specialist at Providend

Perhaps you want to provide the age (birthday) you entered using the CPF LIFE Estimator to get the payout amount you mentioned.

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What happen to CPF RA (Retirement Account) money when someone pass away? What is the difference, - pass away < 65 CPF LIFE starts vs. - pass away > 65 after CPF LIFE payout starts

If i have spare cash should i top up my for CPF life or buy private annuity plan. beside getting payout earlier for private annuity. what is the pro and cons?

For CPF LIFE payouts, If I already have the ERS amount in my SA at 55, what is the difference if I top up RA to ERS at 55 VS topping up to ERS only at 64 before payout?

Parent 65, still RSS now, is it better to switch to CPF Life? With 5k in RA, does it make significant difference in payout if cash available for top up is not much?

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