Best annuity plan
Looking for the best retirement plans in Singapore in 2026? This guide compares private retirement income plans and annuity-style insurance plans from insurers such as Manulife, Income, China Taiping and Singlife. We look at payout flexibility, guaranteed income, premium options, disability benefits, SRS suitability, and how these plans can supplement CPF LIFE if you want more retirement income beyond your basic monthly payouts.
Why You Need a Retirement Plan
While CPF LIFE offers a basic safety net, most Singaporeans find it insufficient to cover lifestyle and healthcare expenses during retirement. Here’s why private retirement plans are worth considering:
Inflation Protection: Savings alone often lose value against inflation.
Guaranteed Income: Annuities provide stable monthly payouts for life or a fixed period.
Flexibility: Choose payout age, duration, and premium terms to suit your financial needs.
Family Protection: Many plans offer death or disability benefits alongside retirement income.
If you are still in your 30s, starting early can give you more time to build future income with lower yearly commitment. Read our guide on retirement planning in your 30s in Singapore to understand how early planning can help.
For this comprehensive review, InterestGuru.sg looks into the best retirement plans in Singapore that provide the highest income payout toward meeting your lifestyle needs and expenses.
Best Retirement Plan for Disability Benefit: Manulife RetireReady Plus III
Best Retirement Plan for Flexibility: NTUC Income Gro Retire Flex Pro II
Best Retirement Plan for Lowest Premiums: China Taiping i-Retire II
Best Retirement Plan for Guaranteed Payout: Singlife Flexi Retirement II
Related article: The Complete Guide to Retirement Planning
What makes a good retirement plan or annuity policy?
The main objective of a retirement plan or annuities would be to provide a consistent stream of income starting from your preferred retirement age. Ideally, a shorter premium tenor would provide the highest yield to the maturity of the policy.
When comparing retirement or annuity plans in Singapore, evaluate them based on:
Guaranteed vs Non-Guaranteed Payouts
Guaranteed portion = stability.
Non-guaranteed bonuses = potential upside, but not assured
Premium Payment Options
Single premium (lump sum) vs limited pay (5–20 years)
Payout Flexibility
Choice of when your income starts to payout
Duration: fixed term or lifetime income.
Protection Benefits
Disability income benefitDeath benefit for dependents
Surrender & Liquidity
Can you access funds early if needed?