Personal Finance
National Day Rally Majulah Package
By My Sweet Retirement  •  August 20, 2023
Today is National Day Rally where Prime Minister Lee announced the Majulah Package. For those who does not know what is National Day Rally, it is an annual message delivered by our Prime Minister Lee Hsien Loong to the entire nation of Singapore. This is usually held on the first or second Sunday after our National Day Parade on 9th August. This year, the Majulah Package was announced where a package of S$7 billion will help lower and middle income Singaporeans aged 50 and above this year in terms of boosting their retirement savings. Below are the details:

Earn and Save Bonus

For eligible lower and middle income senior workers who are working part time or full time, they will get extra CPF funds of up to S$1,000 a year. The extra CPF funds will be credited to their CPF accounts on top of the usual employer and employee contributions....
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.

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