Anonymous

06 Feb 2022

∙

Hello! Would like to seek everyone’s input about CPF LIFE. Which plan would you recommend? If supposed the RA has about $40-50k.. (standard, basic, escalating plans)

Im leaning towards the standard plan.. just thought to hear more opinions what others are thinking too.

If I top up RA to say from $10k to 50k now (i.e top up $40k), what will happen if touch wood pass on within next 5 years, will CPF pass the ($40k top up MINUS whatever has been paid out under monthly cpf life payout) to my beneficiary? Not sure how this is calculated, cant find on cpf site..

Thank you very much.

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Tan Choong Hwee

06 Feb 2022

Solutions Specialist at Providend

It really depends on your needs and preferences. You may want to read the CPF LIFE Plans FAQ on CPFB website to help you make your decision:

https://www.cpf.gov.sg/member/faq/retirement-in...

The total $50k in RA minus total monthly payouts received would be distributed to the nominees according to your nomination, or to your beneficiaries according to intestacy law if you didn't make any CPF nomination. You may read about how your CPF savings are distributed here:

https://www.cpf.gov.sg/member/account-services/...

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