Understanding CPF Part 5: Minimum Sum Scheme vs CPF LIFE Plans

Christopher Tan

CPF LIFE is probably the best life annuity scheme you can find in Singapore. Question is, how do we choose between the Standard, Basic and Escalating plan?

In Part 5 of this series, we share in great detail how each of these plans actually work and our answer to the question, considering the plans payout and bequest.

You can find the link to the other parts here:

This video series was done in June 2021 by Providend’s CEO, Christopher Tan, and Client Adviser, Tan Chin Yu.


In the near two decades that we have worked with retirees, we understand one thing: Reliability of income is more important than return on investment at this phase of your life.

As such, we have developed a proprietary methodology called RetireWell, that can help you draw down strategically from your retirement nest egg.

Our Retirewell methodology was featured in The Business Times every month for almost a year in 2017 and has 11 parts to it.

With Retirewell, we will design a plan that will give you a safe and reliable stream of income for the rest of your life, with provisions for legacy in the event of demise, so that you can live up your retirement with peace of mind.


We do not charge a fee at the first consultation meeting. If you would like an honest opinion on your current financial/retirement plan, insurance portfolio, investment approach and/or estate plan, make an appointment with us today.

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