CPF Special Account closure

CPF Special Account Closure: Key Changes for Members 55+

February 4, 2025 ReByte Talk CPF, Finance

The CPF Special Account Closure is a pivotal development for Singaporean CPF members aged 55 and above, marking a new era in retirement planning.Effective from January 2025, this closure aims to streamline account management by transferring savings from the Special Account (SA) to the Retirement Account (RA), enhancing growth opportunities.

CPF Special Account Closure Affects 1.4 Million Members

January 26, 2025 ReByte Talk CPF, Finance

The recent CPF Special Account closure has significant implications for approximately 1.4 million CPF members aged 55 and above.As of January 19, 2025, these members no longer maintain a Special Account, as the CPF Board has streamlined their account structure to include an Ordinary Account (OA) and a Retirement Account (RA).