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How to make the most of CPF after the Special Account closes
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The extra balance from Special Account can be used to top up the Retirement Account to get more monthly payout after 65.
PHOTO: LIANHE ZAOBAO
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SINGAPORE - When the CPF Special Account for those aged 55 and older closes from the later part of January, those with higher savings should consider using the extra cash to boost their CPF Life scheme.
After all, you now have the opportunity to receive higher payouts of up to $3,300 a month from age 65 if you increase your savings to the new enhanced retirement sum (ERS) of $426,000.
