In a significant retirement policy shift, the Singapore government has introduced a new option allowing seniors to defer their CPF withdrawals until age 75. This change under the SGGovtUpdate initiative offers older citizens more flexibility in retirement planning, helping them maximise monthly payouts under the CPF2025 framework.
Previously, Central Provident Fund (CPF) payouts under CPF LIFE typically started at age 65, with the option to delay up to age 70. With the new rule extending this deferment window to 75, eligible seniors can now enjoy larger monthly payouts in their later years—ensuring greater financial security throughout retirement.
What Does Deferment to Age 75 Mean?
Under the revised scheme, SeniorsCPF members who choose to postpone their CPF LIFE payouts beyond age 70 up to age 75 will see an increase in monthly income by up to 7% per year deferred. This means:
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Deferring from 65 to 75 can increase monthly payouts by approximately 70%
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It provides an inflation-resistant buffer for long-term retirement needs
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Members must voluntarily request deferment beyond age 70
This CPF2025 update empowers seniors with more retirement income control while ensuring their savings work longer for them.
Who Is Eligible for the New CPF Deferment Option?
The updated policy under the SGGovtUpdate applies to CPF LIFE members who:
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Are currently aged between 65 and 70 and have not started their payouts
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Have sufficient funds in their Retirement Account
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Do not require immediate monthly payouts for basic needs
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Choose to notify CPF Board of their intention to defer payments beyond age 70
All existing CPF LIFE members are automatically eligible to opt into this SeniorsCPF change without penalties.
Benefits of Delaying CPF Withdrawals
The option to defer CPF LIFE payouts until 75 is not just about waiting—it brings real financial advantages, especially for seniors with other income sources during early retirement.
Benefits include:
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Higher Monthly Payouts: Each year of delay increases payments by roughly 7%
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Enhanced Lifetime Income: Ideal for those living longer or retiring later
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More Sustainable Retirement: Reduces the risk of outliving savings
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Customisation: Fits better with phased retirement or part-time work
This proactive shift under CPF2025 is part of Singapore’s strategy to give retirees more tools to manage longevity and inflation risk.
How to Request CPF Deferment to Age 75
Applying to defer CPF LIFE payouts under the new SGGovtUpdate process is straightforward:
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Log in to your CPF account using Singpass
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Go to the CPF LIFE section and choose “Change Start Age”
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Select a new payout start age between 70 and 75
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Confirm the request and wait for CPF Board’s written confirmation
The updated deferment age will be reflected in your payout schedule, and the change can be adjusted before payouts begin.
FAQs
What is the new CPF LIFE deferment age in 2025?
The maximum deferment age has been extended from 70 to 75 under the CPF2025 policy.
How much more will I receive if I defer my payouts?
Each year of deferment increases monthly CPF LIFE payouts by up to 7%, making SeniorsCPF income much higher if you delay until age 75.
Is this deferment option automatic?
No. You must actively request deferment beyond age 70 through your CPF online account, as per the SGGovtUpdate.
Can I change my deferment choice after submission?
Yes, changes can be made as long as payouts haven’t started. Once payouts begin, the start age is fixed.
Who should consider deferring to 75?
Seniors with alternative income sources, strong health, and long-term planning goals may benefit most from this SeniorsCPF option.
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