Budget 2020: New scheme to help those with less CPF savings to save more | Video
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Budget 2020: New scheme to help those with less CPF savings to save more | Video(Updated: )
Some lower- to middle-income Singaporeans aged 55 to 70 will get help from the Government to set aside the prevailing Basic Retirement Sum (BRS) in their Central Provident Fund (CPF) accounts, Deputy Prime Minister Heng Swee Keat announced in his Budget speech on Tuesday (Feb 18).
About 435,000 Singaporeans will be eligible for the initiative called the Matched Retirement Savings Scheme.
Tan Si Hui with more.