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Use CPF Special Account to grow money faster before it closes
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Those who make voluntary top-ups to their Special Accounts can reap huge benefits at 55 due to its high interests.
PHOTO: ST FILE
The CPF Special Account (SA) will close in 2025 for those who are 55 or older but this does not mean it has become less important for retirement planning.
When the closure occurs, people with money in their SA will see the balance moved to their Retirement Account – if they have not met the Full Retirement Sum – or to their Ordinary Account (OA) if they have already met the sum.
