Pension Estimator
Work out your retirement income with our new Pension Estimator.
Retirement Planning
Retirement is inevitable. We will all retire one day but have you thought about your life after work?
For a happy and peaceful retirement, start planning now so that you are financially prepared. The earlier you start saving for your retirement the better it is for you.
Retirement Options
Life certainly does not end at 55 however if you have reached the age of 55, you can choose to exercise your eligibility to either withdraw your money and or take pension with us.
Here are some of the important details you need to check first
- Make sure your birth details with us are correct.
- Your current signature is the same signature we have on our records.
- Check your contributions have all been paid to your employer.
The retirement options available are:
- Life Pension
- Term Annuity
- Lump Sum
- Combination of (1), (2) and (3)
| # | Document | Description |
|---|---|---|
| 1 | Birth Certificate | • Certified copy or Original |
| 2 | Bank Statement | • Under your name. • Not more than a month old • BSP number (Overseas members only) • Swift Code (Overseas members only) • Routing number (Overseas members only) |
| 3 | FNPF Membership Card | • To be given back to FNPF. |
| 4 | Re-entry Form | • Only if you choose to re-join FNPF later. |
| 5 | Nomination Form | • Only if you choose to re-join FNPF later. |
| 6 | Secondary ID | • Other valid IDs such as driver’s license and passport copies. |
Registration
To sign up for Life Pension and/or Term Annuity you need to complete the FW01 Retirement Application Form and submit it with the following documents:
| # | Document | Description |
|---|---|---|
| 1 | Birth Certificate | • Certified copy or Original |
| 2 | Bank Statement | • Under your name. • Not more than a month old • BSB number (Overseas members only) • Swift Code (Overseas members only) • Routing number (Overseas members only) |
| 3 | FNPF Membership Card | • To be given back to FNPF. |
| 4 | Re-entry Form | • Only if you choose to re-join FNPF later. |
| 5 | Nomination Form | • Only if you choose to re-join FNPF later. |
| 6 | Secondary ID | • Other valid IDs such as driver’s license and passport copies. |
Who can certify Renewal Certificates?
The following individuals can certify your renewal certificate:
- Justice of Peace
- Commission of Oaths
- District Officer
- Minister of Religion
- Bank Manager
- Medical Practitioner
- FNPF Officer authorised for this purpose by the Chief Executive
If I am employed beyond the age of 55 years, is my employer still legally liable to pay my FNPF contributions?
Yes, your FNPF contributions are paid until you cease compulsory employment.
What will happen to my savings if I do not withdraw them at age 55 years?
Your savings will remain in your account and will continue to attract the annual interest paid by the Fund. However, if you are over 55 years, and your account has been inactive (no withdrawals or contributions) for 10 consecutive years, the FNPF will transfer your funds to the Unclaimed Deposits Account (UDA). Your funds will remain in the UDA for 10 years during which time you can claim for these funds and have these paid to you. If it remains unclaimed after a further 10 years, then it is transferred to the Fund’s General Reserve, where these funds will NO longer be payable to the member.
The FNPF will advertise the names of members whose funds are in the UDA, before transferring them to the General Reserve.
Processing Time
- Payment shall be made within 3 working days of receipt of a completed application.
- Any correction to your FNPF account transactions before your withdrawal will take 14 working days.
- Any correction to your personal details before your withdrawal will take 5 working days.