Budget 2024: Adjustments to the CPF system
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Budget 2024: Adjustments to the CPF system
From 2025, the Central Provident Fund (CPF) Special Account of those aged 55 and above will be automatically closed and the monies — up to the Full Retirement Sum — will be transferred to their Retirement Account, with the balance going into the Ordinary Account. Deputy Prime Minister Lawrence Wong announced these changes on Friday (Feb 16 ...
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