Singapore

The Singapore government has announced significant updates regarding the retirement and re-employment age to ensure greater financial security for its citizens. These changes reflect a proactive approach to managing an aging workforce while providing older employees with more opportunities to stay employed longer. The revision of the retirement age will directly impact the labor market, … Read more

In response to rising inflation and increasing household expenses, the Singapore government has unveiled a comprehensive financial assistance program. The Assurance Package, featuring a one-time cash payment of up to S$600, aims to provide immediate relief while also strengthening citizens’ long-term financial security. This article explains everything you need to know about this initiative, from … Read more

Singapore’s retirement system offers financial security to its aging population through structured monthly payouts. Let’s explore how this system works, who qualifies, and what you need to know about these important benefits. Understanding Singapore’s Retirement Payout System Singapore’s Central Provident Fund (CPF) serves as the backbone of the nation’s social security framework. This comprehensive system … Read more

The Singapore government has extended its Assurance Package (AP) into 2025 to help citizens manage the effects of the Goods and Services Tax (GST) increase. This package includes direct cash payouts, MediSave top-ups, CDC vouchers, and rebates for Service and Conservancy Charges. The program runs from 2022 to 2026, providing financial support during a period … Read more

The Singapore government has established the 2025 Senior Bonus Payment as part of its ongoing commitment to support elderly citizens. This financial assistance program falls under the Assurance Package (AP) and aims to provide relief to lower-income seniors facing rising living costs. The initiative provides cash payouts of up to $900, helping seniors manage their … Read more