Singapore Budget 2025: Key Takeaways for Families

The Singapore Budget 2025 has been hailed as a comprehensive plan aimed at uplifting all citizens, with Prime Minister Lawrence Wong emphasizing that “every Singaporean is supported from birth to old age.” This year’s budget highlights a range of initiatives designed to ease the financial burden on families, particularly those in lower-income brackets.Key features include the much-anticipated SG60 vouchers, providing significant support to commemorate Singapore’s 60th anniversary, and enhanced Community Development Council vouchers to help households combat rising living costs.

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Budget 2025: Higher CPF Contributions for Senior Workers

Budget 2025 is set to reshape the financial landscape for older workers in Singapore, with significant initiatives aimed at enhancing their retirement security and employment opportunities.The government has announced a 1.5 percentage point increase in Central Provident Fund (CPF) contribution rates for those aged 55 to 65, a move designed to address the financial challenges faced by senior citizens.

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