Why not start CPF payouts automatically at age 65?

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Published on 18 Feb 2019, 9:27
Minister for Manpower Josephine Teo spoke on how some CPF members may prefer the choice of starting their CPF retirement payouts at a later date. The benefits include enjoying a higher interest on their CPF Monies - up to 6% a year, or up to 7% a year for members on CPF LIFE.

Those who wish to start their payouts after age 65 can choose to do so, at any time. The right thing to do, she shared, is to reach out to those members who may not have a good understanding and give them clear and simple information to help them make their decisions.

She spoke in Parliament on 18 February 2019.
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