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Budget 2024: CPF Special Account to close for people aged 55 and above | Video

02:15 Min

The CPF contribution rates for those aged 55 to 65 will increase by a further 1.5 percentage points in 2025, announced Deputy Prime Minister and Finance Minister Lawrence Wong in his #Budget2024 speech on Friday (Feb 16). He also announced an increase in the Enhanced Retirement Sum from next year. 

The CPF contribution rates for those aged 55 to 65 will increase by a further 1.5 percentage points in 2025, announced Deputy Prime Minister and Finance Minister Lawrence Wong in his #Budget2024 speech on Friday (Feb 16). He also announced an increase in the Enhanced Retirement Sum from next year. 

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