Can I Change My CPF LIFE Plan (Standard, Basic, Escalating) Once I Started Receiving Payouts?

If I didn’t choose my CPF LIFE plan and the ‘default’ of Standard plan was chosen for me, can I still change to something else after payouts have started?

DollarsAndSense Answers:

According to the CPF Board, you have 30 days from the date of your CPF LIFE policy letter to make any changes to your CPF LIFE plan.

For members who opted-in to CPF LIFE voluntarily, can withdraw their enrolment into CPF LIFE, while other members can change from their current CPF LIFE plan to another.

CPF members are only allowed to change their plan once.

Those who wish to do so can submit a request on the CPF website after logging in, under Online Services -> My Requests -> My e-Concierge, and selecting CPF LIFE.

Read Also: [Beginners’ Guide] Understanding CPF LIFE And Your Monthly Payouts When You Retire In Singapore

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