The recent announcement to close the Central Provident Fund (CPF) Special Account of those aged 55 has put the spotlight again on retirement adequacy, with Members of Parliament (MPs) asking that more support be given to people who are already retired as well as working Singaporeans building their nest eggs.
The recent announcement to close the Central Provident Fund (CPF) Special Account of those aged 55 has put the spotlight again on retirement adequacy , with Members of Parliament (MPs) asking that more support be given to people who are already retired as well as working Singaporeans building their nest eggs.
Budget 2024 CPF Interest Rates Housing Affordability Retirement Adequacy Members Of Parliament Singaporeans
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Budget 2024: CPF Special Account closure at age 55 removes overlap, stops 'shielding' hackRemoving the Central Provident Fund (CPF) Special Account for those aged 55 and above will "tidy up" the system and also shut down a little-used "shielding" hack that allowed some CPF members to earn a higher interest, financial experts said.
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Budget 2024 watch party: What do young Singaporeans think about the announcements?TODAY organised a watch party with five young Singaporeans aged 35 and below to discuss their thoughts on the measures announced in Budget 2024 on Friday (Feb 16) by Deputy Prime Minister and Finance Minister Lawrence Wong. Here are some excerpts from the discussion.
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Singapore MPs seek clarity on skills upgrading and financial support in Budget debateGreater clarity on Singapore’s approach to skills upgrading and uplifting wages was sought by MPs on Feb 26, even as there was across-the-aisle support for theThe first day of the Budget debate saw 29 MPs speak on the Government’s spending plans for the upcoming financial year, with many welcoming the financial support to help Singaporeans tackle immediate needs, even while they prepared for a more uncertain world.
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MPs open Budget debate seeking details on skills upgrading, unemployment support schemesThe first day of the Budget debate saw 29 MPs speak on the Government’s spending plans.
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Singaporeans heading to Malaysia for cheaper medicationSome Singaporeans have been regularly heading over to Johor Bahru for cheaper medication, according to an episode of Talking Point by CNA. They are able to purchase medicine from pharmacies in Malaysia without a doctor's prescription.
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PM Lee Hsien Loong Reminds Singaporeans to Protect Reserves for Future GenerationsPrime Minister Lee Hsien Loong reminds Singaporeans to view themselves as trustees of the country's reserves and to protect them for future generations. He emphasizes the importance of saving, resisting pressures to use the reserves, and unlocking them only when necessary.
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