During the Budget 2024 announcement, then Deputy Prime Minister Lawrence Wong announced a major and unexpected change to the CPF. When CPF members turn 55, their CPF Special Account (SA) will be ...

On 19 January 2025, approximately 1.4 million CPF members aged 55 and above saw their Special Accounts closed down. This was a measure announced during the Singapore Budget 2024 last year – and gave ...

THE Central Provident Fund (CPF) Special Account (SA) was closed on Jan 19 for about 1.4 million CPF members, nearly a year after the closure was announced in Budget 2024. Over the past month, as ...

SINGAPORE: On Sunday, Jan 19, the Central Provident Fund (CPF) announced that it had closed the Special Accounts (SA) of around 1.4 million CPF members aged 55 and above. The SA closure was ...

The savings in their SA have been transferred into their RA up to the cohort’s Full Retirement Sum (FRS), which is two times the Basic Retirement Sum (BRS), or $213,000 in 2025, said the CPF ...

It's official: the Special Accounts (SA) for CPF members aged 55 and above have been closed on Jan. 19, 2025. Savings from the SA have been transferred to the Retirement Account (RA), up to ...

CHANGES to the Central Provident Fund (CPF) Act were passed in Parliament last October to legislate the closure of the CPF Special Account (SA) for members aged 55 and above in the second half of ...

The World Bank Group’s Country Partnership Framework (CPF) frames our engagement in line with the Bank’s mission to end extreme poverty and boost shared prosperity on a livable planet. The model seeks ...

Higher CPF monthly salary ceiling, Special Account closure for those aged 55 and above, raised Enhanced Retirement Sum (ERS), higher contribution rates for seniors, and more. These are some of the ...

The publication of a tender notice on Monday for appointing a transaction advisor to facilitate privatisation of Purvanchal and Dakshinanchal Electricity Distribution Corporations under the PPP ...

Understanding retirement income and payouts around CPF can be overwhelming. The different pension payout options available and the different amounts of CPF we can withdraw are confusing for most ...