This is a long post. Previously, I had shared about how my Special Account (SA) had reached Full Retirement Sum (FRS), the interest I received in CPF for 2023 and my CPF strategy. You can read more about them here:

1. My CPF Strategy - Reached Full Retirement Sum (FRS) of $198,800 in 2023 2. 2023 CPF Interest of $11,134.61 and top up CPF MA to the new BHS

In my first article, I wrote about the policy risk a few times and true enough CPF has made a huge changes in policy during Budget 2024 and it would be effective in 2025. Budget 2024 had the usual incentives and CPF tops as previous years. The huge changes are  (i) Closure of Special Account (SA) for members aged 55 and above; and (ii) Raising of Enhanced Retirement Sum (ERS) to four times of Basic Retirement Sum (BRS) These changes have huge impact. Let me explain below. The closure of SA in early 2025 will mean that for members aged 55 and...