CPF 2025 Changes

[Lè Crayons]

Starting 1 January 2025, several important updates will affect Central Provident Fund (CPF) members, including a drop in the interest rate for the Special, MediSave, and Retirement accounts to 4 per cent per annum for the first quarter of the year.

The Ordinary Account interest rate will remain unchanged at 2.5 per cent.

As part of efforts to bolster retirement savings, members will continue to receive extra interest, particularly those aged 55 and above.

In healthcare, the Basic Healthcare Sum (BHS) will increase to $75,500 for those under 65. Moreover, a major change is the closure of the Special Account (SA) for seniors, with balances moved to the Retirement Account. The Enhanced Retirement Sum (ERS) will also rise, offering higher payouts in retirement for those who top it up. The CPF salary ceiling will also be adjusted to $7,400 to reflect rising wages.

Read on the upcoming CPF updates for 2025 here.

 

[Potato_Wedges]

If all citizens withdraw cpf $$$$$$$$ at the same time, does the Govt has enough $$$$$$$$ to return to owners?!?!

 

[mutare ad melius]

Change all they want, cuz it matters not. Does not qualify as part of my money as far as I am concerned.

 

[ramlee]

BHS increase to $75,500?!?

oh my tian ar

 

[Lè Crayons]

Thankfully OA interest rate remains the same...

 

[Jeremy1]

BHS increase to $75,500?!?

oh my tian ar

Wondering what will happen to my MA $$$ if I passed away ?

 

[magna_strike]

Wondering what will happen to my MA $$$ if I passed away ?

Still pass on to your family loh

 

[footi3]

i’m sure these changes are to help sinkies..

right?
right..?

 

[Lè Crayons]

Wondering what will happen to my MA $$$ if I passed away ?

Have you made your CPF nominations... will go to them.

 

[arcturuz]

Change all they want, cuz it matters not. Does not qualify as part of my money as far as I am concerned.

same, i don't even consider CPF as my money, if can use just consider it as a bonus

 

[Lè Crayons]

i’m sure these changes are to help sinkies..

right?
right..?

Drop from 4.08% to 4%... what do u think?

 

[fandango]

MA should be minimal $150k

 

[The_Davis]

Wondering what will happen to my MA $$$ if I passed away ?

Can add me to nominee list?

 

[The_Davis]

Drop from 4.08% to 4%... what do u think?

Thought is 4.14%

 

[nakata97]

If all citizens withdraw cpf $$$$$$$$ at the same time, does the Govt has enough $$$$$$$$ to return to owners?!?!

you think the printing machines cannot print fast enough for you?

 

[ramlee]

MA should be minimal $150k

mlmlwm

 

[Jeremy1]

Have you made your CPF nominations... will go to them.

Yes but most probably to my only Nephew.

 

[stingray1211]

If all citizens withdraw cpf $$$$$$$$ at the same time, does the Govt has enough $$$$$$$$ to return to owners?!?!

even banks cannot deal with it. and i have more money in my banks.


Read HWZ Forum Rules!

 

[kmkimlo]

If all citizens withdraw cpf $$$$$$$$ at the same time, does the Govt has enough $$$$$$$$ to return to owners?!?!

that is called a "bank run".. most banks will not have so much "cash" on hand. they are all distributed to do investments.

 

[buttbERry]

quite a lot of changes