{"id":15817,"date":"2025-01-22T19:49:32","date_gmt":"2025-01-22T11:49:32","guid":{"rendered":"https:\/\/newcorpdemo-uat.cntaiping.sg\/?page_id=15817"},"modified":"2026-07-22T12:14:58","modified_gmt":"2026-07-22T04:14:58","slug":"retirement","status":"publish","type":"page","link":"https:\/\/www.sg.cntaiping.com\/en\/personal\/wealth\/retirement\/","title":{"rendered":"Retirement"},"content":{"rendered":"\t\t
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Retirement Insurance<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tStart early on your retirement planning with us to build regular streams of income for a happy retirement.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Home<\/a> \/<\/span> Page<\/span><\/div>\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Retirement Insurance<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Dreaming for a happy retirement? It is far easier to dream about the perfect retirement in Singapore than it is to plan for it. If you start planning early, your golden years may be every bit as enjoyable as you envision it to be. Whether it is spending time with your family, travelling the world, or refining your golf swing, having a steady income means you will have fewer worries about supporting your retirement. Start planning for your retirement early to live the retirement lifestyle you look forward to with our range of retirement insurance plans in Singapore.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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i-CashLife<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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A whole life insurance plan that offers yearly cashbacks until age 120. Be rewarded with a guaranteed loyalty cashback on the 20th policy anniversary and every 10 years thereafter.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<\/a>

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i-Retire (II)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tA flexible plan that provides monthly income after your premium payment term and accumulation period. Choose a premium payment term that suits your financial need, and receive monthly income for ten, twenty or thirty years from the end of the chosen accumulation period.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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i-CashLife<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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A whole life insurance plan that offers yearly cashbacks until age 120. Be rewarded with a guaranteed loyalty cashback on the 20th policy anniversary and every 10 years thereafter.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<\/a>

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i-Retire (II)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tA flexible plan that provides monthly income after your premium payment term and accumulation period. Choose a premium payment term that suits your financial need, and receive monthly income for ten, twenty or thirty years from the end of the chosen accumulation period.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<\/a>
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Infinite Harvest Plus (II)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Embrace a lifetime of financial security with a continuous stream of yearly income and booster bonus until age 120.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Useful Tips<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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What is retirement insurance in Singapore? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tRetirement insurance helps ensure you have a steady stream of income when you retire and stop working, so you can focus on enjoying retirement instead of worrying about your finances. Regular payouts can help cover your daily expenses, healthcare needs, and lifestyle aspirations, giving you the freedom to spend more time with your family, pursue your hobbies, or travel with greater confidence.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t
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How is retirement insurance different from CPF LIFE? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tCPF LIFE is Singapore’s national longevity scheme, providing a lifelong monthly payout that begins between ages 65 and 70, funded by your CPF Retirement Account to help meet your basic retirement needs. China Taiping Singapore’s retirement insurance is an additional supplement to CPF LIFE.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tUnlike CPF LIFE, private retirement insurance may also offer greater flexibility in areas such as your premium payment term, when you start receiving your retirement benefits, and the level of retirement income you wish to build, depending on the plan you choose.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t
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Which retirement plan is right for me? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tChina Taiping Singapore offers two retirement solutions designed to meet different retirement needs.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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  1. Retire (II)<\/strong> \u2013 An annuity-style retirement plan that provides a regular stream of income from your chosen retirement age, combining guaranteed payouts with the opportunity to receive non-guaranteed bonuses. It is suitable for those who want a predictable source of retirement income throughout retirement.<\/li>\n \t
  2. i-CashLife<\/strong> \u2013 A whole life endowment plan that provides yearly cash payouts after your premium payment term, together with a lump sum benefit. It is suitable for individuals who want greater flexibility to supplement their retirement income while preserving capital for future needs or legacy planning.<\/li>\n<\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t
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    When should I start a retirement insurance plan? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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    \n\t\t\t\t\t\t\t\t\tStarting in your 20s or 30s is ideal. An earlier start gives your capital a much longer horizon to compound, and because the premiums are spread across a longer period, your contributions stay affordable and sustainable.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    \n\t\t\t\t\t\t\t\t\tIt is never too late to begin, though. If you are in your 40s or 50s and closer to retirement, China Taiping Singapore offers single-premium and shorter premium-term options that help you build a secure cushion before you step away from work. A Financial Representative can match the entry age and features to your circumstances.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t
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    How much monthly income can I get from retirement insurance? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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    \n\t\t\t\t\t\t\t\t\tThe amount of monthly retirement income you receive depends on the retirement plan you choose, the premium amount, your premium payment term, and when you start receiving your payouts.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    \n\t\t\t\t\t\t\t\t\tAs a guide, the MoneySense Retirement Needs Guide suggests aiming for a retirement income of around two-thirds to three-quarters of your current income to help maintain a comfortable lifestyle after you stop working.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    \n\t\t\t\t\t\t\t\t\tEveryone’s retirement goals are different. Some people simply want enough income to meet their everyday living expenses, while others hope to enjoy a more active retirement with hobbies, travel, and quality time with their loved ones. The retirement income you need will depend on the lifestyle you envision and the financial commitments you expect to have after you stop working.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    \n\t\t\t\t\t\t\t\t\tYour Financial Representative can help you estimate the retirement income you will need based on your desired lifestyle and recommend a plan with a suitable premium amount, premium payment term, and payout period to help you achieve your retirement goals.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t
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    Are retirement insurance payouts guaranteed? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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    \n\t\t\t\t\t\t\t\t\tYour payouts are made up of guaranteed and non-guaranteed components. The guaranteed portion is set out in your policy contract from the start and is insulated from market movements, giving you a dependable baseline for your core living costs. The non-guaranteed component comes as potential bonuses or cashbacks tied to the participating fund. While these bonuses are not guaranteed, they provide the opportunity to enhance your retirement income and help your savings keep pace with inflation.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t
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    Can I withdraw money from retirement insurance? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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    \n\t\t\t\t\t\t\t\t\tAccess to your money depends on the retirement plan you choose. \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    \n\t\t\t\t\t\t\t\t\tFor customers looking for greater flexibility, i-CashLife lets you choose a premium payment term of 3 or 5 years and start receiving yearly cash payouts of up to 3.95% p.a. of your Total Yearly Premiums upon completion of your selected premium payment term. It also guarantees 100% of your Total Yearly Premiums immediately after your premium payment term ends. The i-CashLife endowment builds a cash value you can withdraw against for immediate needs, and any cashbacks you do not spend can be left to accumulate and earn interest.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t
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    What happens if I pass away early? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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    \n\t\t\t\t\t\t\t\t\ti-CashLife allows you to nominate a Secondary Life Insured, enabling the policy and its yearly cash payouts to continue after the death of the Primary Life Insured, subject to the policy terms and conditions. For i-Retire (II), a Death Benefit is payable to your beneficiaries in accordance with the policy terms and conditions.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t
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    Is retirement insurance better than investing in stocks or ETFs? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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    \n\t\t\t\t\t\t\t\t\tNeither is inherently better, because they play different roles. \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    \n\t\t\t\t\t\t\t\t\tInvesting directly in stocks or ETFs offers strong growth potential, but it exposes your savings to market fluctuations. During periods of economic uncertainty or a market downturn, the value of your investments may fall. If you need to withdraw your funds at that time, you may suffer a loss.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    \n\t\t\t\t\t\t\t\t\tA retirement plan is designed to provide a more predictable source of retirement income, trading some of that upside for a steadier, lower-risk income with capital guarantees. Depending on the plan you choose, it may offer guaranteed payouts together with the opportunity to receive non-guaranteed bonuses, helping you build a steady income stream while reducing the impact of market volatility on your retirement plans.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    \n\t\t\t\t\t\t\t\t\tUsing both retirement insurance and investments as part of your retirement plan helps diversify your portfolio, balancing long-term growth potential with a more predictable source of retirement income.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t
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    Are retirement insurance payouts taxable in Singapore? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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    \n\t\t\t\t\t\t\t\t\tIncome payouts from a personal annuity or life insurance plan that you have bought with your own cash are generally not subject to income tax in Singapore. However, different tax rules may apply in certain situations<\/a>, such as payouts from plans purchased using your SRS funds or by an employer as part of your employment benefits.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    \n\t\t\t\t\t\t\t\t\tAs tax treatment depends on your individual circumstances and the prevailing tax laws, we recommend referring to the latest guidance from IRAS or speaking with your Financial Representative if you have any questions.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t
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    Can I use CPF money for retirement insurance? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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    \n\t\t\t\t\t\t\t\t\tChina Taiping Singapore’s retirement plans are cash-funded and cannot be purchased using CPF savings.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    \n\t\t\t\t\t\t\t\t\tBy funding a private retirement insurance with cash, you create two complementary income sources for retirement: one from the statutory CPF LIFE scheme, and a second, more flexible stream through China Taiping Singapore.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t
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    What is a deferred annuity? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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    \n\t\t\t\t\t\t\t\t\tA deferred annuity splits your plan into two stages: an accumulation phase and a payout phase. You begin contributing now, either as a single lump sum or through regular instalments, and this gives your retirement savings time to grow before providing you with a regular stream of retirement income.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    \n\t\t\t\t\t\t\t\t\tChina Taiping Singapore’s i-Retire (II) is structured as a deferred annuity, which suits working professionals who want to build their retirement income steadily, well ahead of their actual retirement date.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t
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    What is an immediate annuity? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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    \n\t\t\t\t\t\t\t\t\tAn immediate annuity is built for people who are already at or approaching retirement often after receiving a lump sum such as a property sale or inheritance. You make a single lump-sum contribution, and the plan begins paying regular income soon after the policy starts.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    \n\t\t\t\t\t\t\t\t\tIt is helpful to know that our retirement plans are structured differently, with i-Retire (II) as a deferred annuity and i-CashLife as an endowment. If immediate income is your goal, a Financial Representative can advise on which approach would suit.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t
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    Can I choose how long I receive payouts? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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    \n\t\t\t\t\t\t\t\t\tYes, and the structure depends on the retirement plan you choose. i-Retire (II) is built around fixed payout periods of 10, 20, or 30 years, which suits people who want to build income in their active early retirement years. i-CashLife works differently, paying yearly cashbacks continuing until age 120, together with a maturity benefit. This may be suitable for those who prefer a long, steady stream of income.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t
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    Is retirement insurance suitable for early retirement planning? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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    \n\t\t\t\t\t\t\t\t\tRetirement insurance can be a useful complement to an early retirement plan. Where CPF LIFE only begins paying from age 65 at the earliest, a private plan gives you more control over when your income starts. By choosing your premium term and accumulation period, you can structure a plan so that income begins earlier, helping to bridge the years before your CPF LIFE payouts start.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t
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    What happens to my retirement insurance if inflation rises? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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    \n\t\t\t\t\t\t\t\t\tInflation gradually reduces purchasing power, making it an important consideration when planning for retirement. With a participating plan, your payouts can be topped up by non-guaranteed bonuses tied to the investment fund, and i-CashLife also rewards long-term policyholders with loyalty cashbacks, both of which help cushion rising costs over time.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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