The Central Provident Fund Special Accounts play a crucial role in ensuring that members can secure their financial future, particularly as they approach retirement age.Recently, the CPF has announced the closure of Special Accounts for members aged 55 and above, prompting a transition of savings to their Retirement Accounts.
CPF Retirement Account
Singapore Monthly Payment 2024: $1,560 to $1,670
Singapore Monthly Payment 2024 is a significant aspect of the Central Provident Fund (CPF) that aims to bolster the financial security of retirees.As the nation prioritizes effective retirement planning, eligible seniors will receive monthly payouts ranging from $1,560 to $1,670 under the Full Retirement Sum (FRS).