Retirement Sum Scheme Q What is the Retirement Sum Scheme? A The Retirement Sum Scheme provides CPF members with a monthly income to support a basic standard of living during retirement. To better mitigate longevity risks, the CPF LIFE Scheme was introduced in 2009 which provides a monthly income for as long as you live. You will be placed on CPF LIFE if you are a Singapore Citizen or...

SINGAPORE - Home buyers can draw more from their Central Provident Fund to buy ageing flats from Friday (May 10), provided the property's remaining lease covers the youngest buyer till the age of 95. They would also be entitled to the maximum Housing Board loan of 90 per cent of the property price or valuation if they are buying resale HDB flats, according to a joint statement by the ministries of...