Special Account getting an update? Don't panic!
Here's the gist:
Less dippable cash: This account offered easier access to funds, but now contributions go straight to your retirement nest egg.
Bigger retirement pot: This means potentially sweeter payouts later on.
What to do?
Basic Retirement Sum (BRS): Reaching this lets you tap some funds from the Ordinary Account.
CPF Life: This program provides monthly income after retirement.
Remember: Talk to a financial advisor for personalized advice. They can help you navigate these changes and plan for a secure future.
