Parliament: 5 things CPF members need to know about retirement payouts

PHOTO: The Straits Times

SINGAPORE - Manpower Minister Josephine Teo addressed several MPs' questions in Parliament on Monday (Feb 18) on when Central Provident Fund (CPF) members can start receiving payouts from their retirement savings.

She emphasised that there is no change in policy. They can choose to start their monthly payouts at 65 or defer payouts anytime between 65 and 70. Age 70 is the latest that you can defer payout.

Below are five things members need to know about retirement payouts.

This article was first published in The Straits Times. Permission required for reproduction.