The closure of the CPF Special Account (SA) for CPF members who turn 55 is a significant policy change that is set to take effect from mid-January 2025. Most prominent is the death of the “shielding hack”. This change will not only be affecting older CPF members, but basically anyone whom retirement planning relates to. Understanding what this SA closure will mean for you is an important first step. What was the SA loophole (“shielding hack”) about? The shielding hack was a strategy that some CPF members employed to create liquidity and take advantage of the risk-free, high interest rate of SA accounts. They do so by investing SA monies before they turn 55, and then liquidating these investments after. How the shielding hack works: As SA and OA are automatically transferred to RA (SA monies are transferred first), invested SA monies will be kept from being transferred into their RA at age 55Instead, OA...