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SINGAPORE The closure of the Central Provident Fund (CPF) Special Account is not aimed at helping the Government to save on higher interest it pays out to such account holders, said Minister for Manpower Tan See Leng in Parliament on Wednesday (28 Feb). ....
The latest changes to the CPF scheme announced in Budget 2024 raised concerns about the potential impact on retirement planning – specifically, the closure of the CPF Special Account. How will these changes affect your nest egg? We speak to Alvin Chow, CEO of financial education platform Dr Wealth. ....
Central Provident Fund (CPF) members aged 55 and above will no longer have a Special Account from 2025. How will this affect your retirement savings? ....
More Singaporeans used the CPF Housing Grant to buy resale flats since the scheme was expanded last February. Some market watchers say this helped prop up the resale market amid weak demand. Over 11,000 households utilised the grant, which applies to first-time buyers. Rachel Teng reports. ....