Eligible adult Singaporeans will be receiving various monies in December, meant to alleviate cost of living pressures, offset healthcare costs and to build up retirement savings.

Here's what you can expect. https://str.sg/DhzP

Eight CPF-related changes to take place in 2025

1. The CPF monthly salary ceiling will be raised to S$7,400
2. Closure of Special Account (SA) for members aged 55 and above

More changes you need to know: https://bt.sg/9MVi

📢 2025 CPF Updates: Time to Fine-Tune Your Retirement Plans!

If you’re already planning for your retirement, here’s everything you need to know about the latest CPF and SRS updates for 2025. Keep your plans aligned with these changes to ensure your financial future stays on track.

Updated CPF Retirement Sums for 2025

🔹 Basic Retirement Sum (BRS): $106,500
🔹 Full Retirement Sum (FRS): $213,000
🔹 Enhanced Retirement Sum (ERS): $426,000

These sums determine your monthly payouts during retirement. If you’re turning 55 in 2025, make sure your CPF Retirement Account reflects these figures.

CPF Contribution Changes

🔹 Monthly Salary Ceiling: Increased to $7,400 from 1 January 2025.
🔹 Higher CPF Contributions for Seniors: Workers aged 55 to 70 will see contribution rates increase by up to 1.5%, helping you build more savings as you continue working.

Supplementary Retirement Scheme (SRS)

If you’ve maxed out your CPF contributions, consider the SRS:
🔹 Citizens & PRs: $15,300/year
🔹 Foreigners: $35,700/year

CPF LIFE Payouts for 2025

For those turning 65 in 2025, CPF LIFE payouts are estimated at $2,500 to $2,700 per month if you’ve set aside the Full Retirement Sum at 55.

Retirement and Re-Employment Age

🔹 Retirement Age: 63 (increasing to 64 in 2026).
🔹 Re-Employment Age: 68 (increasing to 69 in 2026).

Plan your retirement timeline accordingly.

What’s Next?

✔️ Update your retirement plan with these figures.
✔️ Update your monthly budgets to take note of the reduced cash flow if your salary is above $6,000.
✔️ Maximise your CPF and SRS contributions to strengthen your savings.

IMPACT ON TAKE-HOME PAY &
CPF CONTRIBUTION

CPF Board closes 1.4 million Special Accounts of members on Jan 19

https://www.straitstimes.com/business/cpf-board-closes-1-4-million-special-accounts-of-members-on-jan-19

Latest Singapore 6-month T-bill cut-off yield slips to 2.99%

Auction receives S$18.4 billion in applications for the S$7.2 billion on offer.

https://bt.sg/fYvP

Why you should invest your CPF savings

In the past four years, average inflation in Singapore has risen by 3.9% a year, higher than the nominal interest rate of 2.5% earned by the CPF OA.

https://bt.sg/7oYj

𝘽𝙪𝙙𝙜𝙚𝙩 𝟐𝟎𝟐𝟓
𝐎𝐧𝐰𝐚𝐫𝐝 𝐓𝐨𝐠𝐞𝐭𝐡𝐞𝐫 𝐟𝐨𝐫 𝐚 𝐁𝐞𝐭𝐭𝐞𝐫 𝐅𝐮𝐭𝐮𝐫𝐞 𝐓𝐨𝐦𝐨𝐫𝐫𝐨𝐰 🚀🇸🇬

In this Budget, Prime Minister and Minister for Finance Lawrence Wong outlined plans on how the Government will work with Singaporeans to tackle cost pressures, advance our growth frontier, equip workers throughout life, build a sustainable city, nurture a caring and inclusive society, and rally as one united people.

Find out how Budget 2025 can support you here. 💡

In 2024, the life insurance industry paid $18.1 billion to policyholders and beneficiaries, up 33.4 per cent compared with 2023. Most of this amount was for policies that had matured, while $1.9 billion was for death, total and permanent disability as well as critical illness claims.

Read more here : https://whatsapp.com/channel/0029Vb6T84TLNSZvzsu2R60L

Singaporeans born in 1973 or earlier and who are currently in the workforce can check their eligibility on govbenefits.gov.sg

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