CPF Board has recently released more details on the CPF LIFE Scheme. The CPF Life Payout Estimator and Information Booklet can be found on their website here – CPF LIFE Website. I’ve done some comparison between the CPF LIFE vs Commercial Annuity already, I’ll do some simple comparison between [...]

Following the announcement of the changes to CPF LIFE and the release of some indicative numbers for the 4 CPF LIFE schemes, a question quickly came to mind: How does the commercial annuity compare to CPF LIFE? The following is a comparison of CPF LIFE and a leading commercial annuity.

The criteria [...]

Acting Manpower Minister Mr Gan Kim Yong announced in parliament yesterday on the changes to the national annuity scheme. The number of choices is reduced from 12 to 4 – called LIFE Basic, LIFE Balance, LIFE Plus and LIFE Income. The following table illustrates the different amount of payout for a 55 year [...]