How to Plan for your Retirement after the New CPF changes?
Chris @HoneyMoneySG Chris @HoneyMoneySG
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 Published On Feb 22, 2024

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Budget 2024: CPF specific
1. Contribution rates for age 55-65 increased by +1.5% in 2025 (good)
2. Maximum Retirement Account increased to 4x Basic retirement Sum of $426,000 (good)
3. CPF Special account will be closed: SA will be transferred to RA up to FRS. Remaining SA goes to OA

Here is my thought process after manifesting the news and taking a breather.
Let’s recalibrate and see how we can pivot from the transition.

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