As Singapore faces a rapidly aging population and longer life expectancies, the need for robust retirement planning has never been more urgent. In response to these challenges, the government has rolled out significant reforms to its pension strategy, with a focus on strengthening the Central Provident Fund (CPF) system. These reforms, set to take effect … Read more
Singapore’s Assurance Package (AP) has been enhanced for 2025 to provide more comprehensive financial support to citizens, especially those facing challenges due to the rising cost of living. This revamped package offers a variety of measures to ensure that Singaporeans continue to benefit from government assistance, with particular emphasis on lower- and middle-income households, seniors, … Read more
Singapore’s Senior Bonus is a crucial part of the government’s strategy to support lower-income seniors who face financial strain, especially as the cost of living continues to rise. Launched under the Assurance Package (AP) Seniors’ Bonus initiative, this program provides essential financial assistance to seniors aged 55 and above. The program, which runs from 2023 … Read more