In December 2024, the Central Provident Fund (CPF) interest rates for the Special, MediSave, and Retirement Accounts (SMRA) increased to 4.14%, while the Ordinary Account (OA) rate remained at 2.5%. These changes will impact millions of Singaporeans by offering higher returns on their retirement savings. Here’s a detailed breakdown of the updated CPF rates and … Read more
The Singaporean government has implemented various financial assistance initiatives to improve its citizens’ living conditions. These programs provide essential support through cash, vouchers, and free health screenings and groceries. While the benefits may not equate to the lifestyle of higher-income earners, they significantly help those struggling to meet their basic needs, particularly in the areas … Read more
Get all the latest updates on the Baby Bonus 2024 Payout Dates: When is Baby Bonus Coming for Singapore in December? Singaporean parents will be overjoyed if they are planning to deliver a baby in Singapore. You can get $3000 for each dependent child in cash. Here is a parental guide on the Baby Bonus … Read more
According to recent updates, around 2 million senior Singaporeans are benefiting from the Senior Bonus, a welfare initiative introduced by the government to help ensure a more secure retirement for senior citizens. While the bonus may not fully offset the impact of inflation, it provides significant financial relief for seniors facing economic challenges and mental … Read more
Get the latest facts and updates regarding the $200-$400 Cost of Living Coming for All Singaporeans in December 2024: Eligibility Check. To cushion the impact of inflation and GST, financial aid is provided to Singaporeans. The Singapore Government escalated the Budget 2024 to provide more financial support to its citizens. This article will briefly describe … Read more
By 2026, Singapore’s minimum retirement age will rise to 64. When individuals reach 55, funds from their Special and Ordinary Accounts are transferred into a newly created Retirement Account (RA), providing financial support during retirement. This article outlines the essential details of the CPF Retirement Sum. Singapore CPF Retirement Sum 2024 In response to rising … Read more
GST Voucher Payout, Eligibility, and Payment Dates. The GST Payout Scheme in Singapore is a government initiative to support low- and middle-income earners. Continue reading for detailed information on the GST Voucher payment amounts, dates, and eligibility criteria. Singapore GST Payout December 2024 Singapore is a popular destination for international students and immigrants, which has … Read more
We suggest reading this post in order to gain all the essential information on Worth S$300 CDC Vouchers Are Available for Households: Valid till 31st January. Worth S$300 CDC Vouchers Are Available for Households In June 2024, S$300 worth of CDC vouchers were given to every Singaporean family. More than 650,000 families in Singapore have … Read more
The primary goal of the Workfare Payout is to provide financial assistance to low-wage workers, helping them cope with rising inflation and increasing living costs. As part of the 2025 budget, the Singapore government has allocated approximately 1.4 billion SGD to this initiative. The additional funds will be directed toward various programs aimed at enhancing … Read more
Check the details about GST Voucher 2024 Payout Date, Eligibility Check, How Much Will I Get? All We Know Here. The Singapore Government have announced to release of the GST Voucher 2024 by August. The citizens who have not applied for the benefit should hurry up and fill out the forms. We have shared the … Read more