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Guide to CPF LIFE: Receiving lifelong payouts for your retirement

What happened? Deputy Prime Minister Lawrence Wong announced several key changes to the Central Provident Fund (CPF) system in Budget 2024. CPF Special Accounts (SA) will be be closed for those aged 55 and above from next year, and SA savings will be transferred to the Retirement Account (RA) up to the Full Retirement Sum. […]

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