CPF Special Account closed at 55? You can top up Retirement Account & get over S$4,000 monthly payout for life.
CPF Special Account closed at 55? You can top up Retirement Accou…
Feb 26, 2024
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Budget 2024: No more Special Account for CPF members aged 55 and above, higher Enhanced Retirement Sum to support seniors' needs
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6.3K views · 58 reactions | WATCH: The CPF contribution rates for those aged 55 to 65 will increase by a further 1.5 percentage points in 2025, announced DPM and Finance Minister Lawrence Wong in his #Budget2024 speech on Friday (Feb 16). He also announced an increase in the Enhanced Retirement Sum from next year. More details: https://cna.asia/budget2024 | CNA | Facebook
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FacebookCNA
With the new Matched Retirement Savings Scheme (MRSS), the Government will match every dollar of cash top-ups, up to $600 per year, from 2021 to 2025. Seniors aged 55 to 70 who have less than the Basic Retirement Sum are eligible.* CPF Board will notify those who are eligible at the start of each year. You can also check your eligibility by logging into the CPF website with your SingPass, and clicking “My Messages” or use the MRSS Eligibility Tracker: https://www.cpf.gov.sg/CPFMRSSCheckerFB2 *Ot
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You can withdraw your CPF savings more than once a year, any time after age 55, as long as you meet the applicable withdrawal conditions. Watch this video to find out more. For more information about withdrawals of your CPF savings from age 55, visit: https://cpf.gov.sg/Withdrawalsat55FB #CPFBoard #SpreadFactsNotRumours #CPFWithdrawal #RetirementSum #Retirement | CPF Board
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