Budget 2024: CPF Special Account closure at age 55 removes overlap, stops 'shielding' hack

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Budget 2024,CPF Special Account,Closure

Removing the Central Provident Fund (CPF) Special Account for those aged 55 and above will "tidy up" the system and also shut down a little-used "shielding" hack that allowed some CPF members to earn a higher interest, financial experts said.

Removing the Central Provident Fund (CPF) Special Account for those aged 55 and above will "tidy up" the system and also shut down a little-used "shielding" hack that allowed some CPF members to earn a higher interest, financial experts said.

 

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