Retirement planning is serious business. But with the government announcing some key changes to CPF Retirement Schemes during Budget 2024, it’s time to sit up, take notice, and possibly adjust your plans (and expectations) for
The Central Provident Fund (CPF) is a cornerstone of Singapore’s social security system, designed to meet retirement, housing, and healthcare needs. With compulsory contributions from employers and employees, CPF balances grow over time, building a
Have you ever wondered what happens to your CPF savings after your passing? As a Singaporean, your CPF represents years of hard-earned savings. Ensuring these funds are distributed according to your wishes is vital for
Are you considering opening a Supplementary Retirement Scheme (SRS) account but unsure if it’s the right choice for your financial plan? You’re not alone! This guide will explore everything you need to know about the
As of early 2025, CPF members aged 55 and above will face a significant change in their retirement planning: the CPF Special Account (SA) will be closed. For those with a considerable balance in
In his address at the National Day Rally on August 20, 2023, Prime Minister Lee Hsien Loong unveiled the Majulah Package, this is aimed at enhancing the financial security and well-being of older Singaporeans. This
A strategy aimed at promoting asset growth and transforming Singapore into a nation of shareholders. The Special Discounted Shares (SDS) Initiative falls under the broader umbrella of the government’s strategy aimed at promoting asset growth
Ever pondered what happens to your savings after you pass on? Specifically, those hard-earned funds you’ve accumulated in your CPF as a Singaporean? Seeking clarity on how to guarantee your family or close ones can
Subscribe to our Telegram & Email Newsletter for immediate updates! Part 1 of the series Best Tips and Hacks for Maximizing CPF Benefits in Singapore – Part 1 Welcome back! In this second part of
Subscribe to our Telegram & Email Newsletter for immediate updates! Part 2 of the series Best Tips and Hacks for Maximizing CPF Benefits in Singapore – Part 2 As we journey through life, it’s
Subscribe to our Telegram & Email Newsletter for immediate updates! The CPF is a critical element of retirement planning for Singaporean citizens and permanent residents and is managed by the Central Provident Fund Board (CPFB).
Subscribe to our Telegram & Email Newsletter for immediate updates! The CPF Ordinary Account is part of Singapore’s national saving scheme and is one of three accounts available. You can use the account to increase
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