Have you heard of the CPF Matched Retirement Savings Scheme (MRSS)? Last year, I topped up S$600 to my parent’s Retirement Account (RA). In 2025, there are significant changes to the maximum allowed amount that …
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Tag: CPF
Blog posts related to CPF (Central Provident Fund Board) where the purpose is to fund our retirement needs.
CPF Changes That Affect Me in 2025
There are two major CPF changes that will affect me in 2025. We are only 1 day away to end the year 2024 and start the new year 2025. The CPF (Central Provident Fund) is …
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CPF Changes in Budget 2024
On Friday, 16th February 2024, our Singapore Deputy Prime Minister and Minister for Finance Lawrence Wong announced several CPF (Central Provident Fund) changes in Budget 2024. As I am in my forties, some of the …
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CPF interest rate to increase
CPF interest rate to increase! This is a piece of good news for Singaporeans! From 1 July to 30 September 2023, the interest rate for CPF Special and MediSave account will increase from 4.0 per …
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CPF Monthly Salary Ceiling To Increase
In the recent FY2023 Budget, Deputy Prime Minister and Minister for Finance Lawrence Wong announced that the CPF monthly salary ceiling to increase from the current S$6,000 to S$8,000 by the year 2026. If you …
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My Sweet Retirement Tops Up Medisave Account Using Cash
If you didn’t know yet, the basic healthcare sum (BHS) has increased from S$54,500 in 2018 to S$57,200 in 2019. Based on information from the CPF website, monies in the Medisave Account (MA) and Special …
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My Sweet Retirement Starts Planning for Tax Relief
Last year, I opened my Supplementary Retirement Scheme (SRS) account with OCBC for the purpose of tax relief. At that point in time, I am not aware that we are able to withdraw our money above …
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CPF Ready Get Set Grow
The CPF board has launch a new game. I have tried the game and as it is fun and educational. Thus, I will like to share with all of you. You can download this educational game from the …
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