Here's how you can get a headstart in planning for your retirement even with the closure of the CPF Special Account (SA). This article was first published on 20 March 2024. This post was created in partnership with Endowus Singapore Pte Ltd (“Endowus”). All views and opinions expressed in this article are Beansprout’s objective and professional opinions.  What happened? The CPF system is set to change once again. There were several key changes announced by Deputy Prime Minister and Finance Minister Lawrence Wong in his Budget 2024 speech. Firstly, the CPF Special Account (SA) will be closed for those aged 55 and above. Next, the maximum amount that CPF members can put into their Retirement Account (RA) will be increased to $426,000. Let us find out more about these changes and what they may mean for your retirement planning. What happens to your CPF SA at the age of 55? Singaporeans have three CPF accounts prior to the age of 55 – Ordinary Account  ...