Budget 2024: No more Special Account for CPF members aged 55 and above, higher Enhanced Retirement Sum to support seniors' needs
todayonline.com
Budget 2024: No more Special Account for CPF members aged 55 and above, higher Enhanced Retirement Sum to support seniors' needs
SINGAPORE — From 2025, the Central Provident Fund (CPF) Special Account of those aged 55 and above will be automatically closed and the money in there, up to the Full Retirement Sum, will be transferred to their Retirement Account. The balance will then go into their Ordinary Account.
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