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How to earn good lifelong income from your CPF

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CPF Bishan Service Centre at CPF Building in Bishan.

CPF Life is a far cheaper and better annuity than private annuities because its return is much higher dollar for dollar, more stable and will pay you for life.

ZAOBAO FILE PHOTO

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Retirement planning for many people here just got a boost, thanks to some participants of the Forward Singapore dialogues who shared their views on the importance of having a continuous and stable income in old age.

Their input has prompted the Government to look at tweaking the voluntary component of the CPF Life annuity scheme to allow members to increase their savings in readiness for their golden years.

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