As you approach your CPF LIFE payout eligibility age of 65, you have the option of starting them at 65 or at a later age up to 70. Your monthly payouts will increase by up to 7% for each year you defer them, but you should only do so after considering your own needs.
Here's an example to help you make a better decision:
Click here for more information about the CPF LIFE scheme. To defer your CPF LIFE monthly payouts, you can download the application form here, or you can also apply online via the link here.
Information accurate as at 10/3/2017