CPF Account Value Thread 2026

[BBCWatcher]

Fixed deposit rate too low.
It is better make a voluntary Housing refund, to earn 2.5%?

The interest rate on CPF OA savings is currently higher, but what are you trying to accomplish? To pay for a wedding 18 months from now? To support a 30+ year retirement starting 12 years from now? What are these dollars supposed to buy, and when?

And what are your other dollars doing? Do you have all of your savings in Singapore dollars, in predictably low yielding vehicles?

You means CPF Life can choose the plan between age 55 to 65 years old ?

No, I wrote what I wrote: you choose your CPF LIFE payout plan shortly before you start payouts. You cannot choose a payout plan until you're nearly age 65. And you're not even required to start your payouts at age 65. (The default is age 70, and in that case you'd make your plan selection at age 69, a couple months before your 70th birthday.)

Why the rush to choose a payout plan? Isn't it great that you can make a payout plan decision when you have more information about your future circumstances and objectives?

Let say I start to choose payout at 65years, These 10 years, the interest go to to pool and cannot take out, correct ?

Not correct. During at least this period RA interest, including bonus interest, is credited to your RA every December 31 (visible by very early January). Also, you usually have the option to withdraw up to 20% of your RA just before payouts start. Of course reducing your RA also reduces your monthly CPF LIFE payout amount.

What happen if the person pass on before the CPF Life started pay out?

That deceased person's entire CPF savings, including their entire RA balance, is paid to their CPF nominee(s).

 

[thinline]

Now I have clearer picture.
• At 55 years old, money remains in RA and earn interest
• At 65 to 70 years, need to choose CPF Life Plan. Once start payout, interest earn in the premium goes to the pool to help CPF Life members payout. If pass on at 75, unused money return to beneficiaries, however interest earn after payout start cannot be returned.
Correct?

 

[BBCWatcher]

Now I have clearer picture.
• At 55 years old, money remains in RA and earn interest
• At 65 to 70 years, need to choose CPF Life Plan. Once start payout, interest earn in the premium goes to the pool to help CPF Life members payout.

Including your monthly payout. All CPF LIFE payouts are computed interest inclusive.

If pass on at 75, unused money return to beneficiaries, however interest earn after payout start cannot be returned.
Correct?

No, not as you've written it. I think for example if you die at 75 (and previously chose the CPF LIFE Basic Plan) you and your CPF nominee(s) would get total payouts somewhere above your CPF RA balance just prior to CPF LIFE entry.

Relatedly, if you're in poor health in your late 60s (i.e. you have a rational basis to predict you'll die rather early), you don't particularly need the monthly payouts, and you have at least one CPF nominee that you care about, you might end up choosing the Basic Plan to try to maximize the amount you and your nominee(s) extract out of CPF LIFE. But you wouldn't/shouldn't make a payout plan decision before you need to. For example, if you have only one CPF nominee you care about, and that nominee surprises you and dies much sooner than you expect, you should not choose the Basic Plan.

 

[royalmix]

https://forums.hardwarezone.com.sg/threads/cpf-life-standard-plan.7220258/

Just drawing attention to this thread that is in edmw.

Someone happily posted and reposted his "article" on Basic Plan in that thread. I was wondering why he never notice the misinformation in it. By chance, I found a writeup at CPFB website:

https://www.cpf.gov.sg/service/article/how-does-the-cpf-life-basic-plan-work

Now I know why, he copied from this website page. Why CPFB website can still contain misinformation for so many years?

To me, is a glaring misinformation: extra interest information is incorrect. Below is extracts from the webpage mentioned above:

"Your RA savings that are first used for your monthly payouts will continue to earn 4% interest, with an extra interest of up to 2% earned on the first $60,000 of your CPF balances (across all your CPF accounts)."

Moral of the Story: always do your own due diligence!