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askST: How will closing of Special Account impact CPF members when they turn 55?

About 14,000 CPF members who are 55 and over today will not be able to transfer all their SA savings to their RA. Read more at straitstimes.com.

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Closure of Special Account in line with CPF s purpose and intent: Lawrence Wong

Deputy Prime Minister Lawrence Wong addressed the move to close the CPF Special Account for those aged 55 and older and the reactions it drew online, on CNA's Ask the Finance Minister show.

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Guide to understanding your CPF OA (Ordinary Account)

The Central Provident Fund (CPF) was created to help Singaporeans save enough for retirement. Your wages are deposited into three accounts that make up your CPF: Ordinary Account (OA), Special Account (SA), and Retirement Account (RA). One of these, the OA is the account that younger workers will become most familiar with, as it is more than just a simple.

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Singaporean asks, Should we plan to retire by 55? since no more CPF Special Account from 2025 onwards

Singaporean asks, Should we plan to retire by 55? since no more CPF Special Account from 2025 onwards
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CNA Explains: What you need to know about the closing of CPF Special Accounts for those 55 and older

What exactly was announced by Deputy Prime Minister Lawrence Wong at Budget 2024, and why did the government move to address what experts are calling a CPF "anomaly"?

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