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Planning for retirement in your 20s or 30s may sound early, but if you consider the soaring inflation in Singapore, starting your legacy planning in advance is no longer good to have but a must. Based on July's inflation rate of 3.8 per cent, which is a conservative figure, a bowl of fishball noodle priced at $5 now can easily...
The Majulah Package particularly benefits lower- and middle-income workers, but seniors who face challenges in staying employed will miss out on the Earn and Save Bonus, say Duke-NUS’ Jeremy Lim-Soh and Rahul Malhotra.
SINGAPORE — Much of the upcoming temporary financial support for retrenched workers will be tied to training and career counselling and guidance, said Manpower Minister Tan See Leng on Wednesday (Aug 23). Hinting at the criteria in an interview with The Straits Times, Dr Tan said that more details of this new scheme will be revealed after the Forward Singapore...
Among highlights was the new Majulah Package, which comprises an "earn and save" bonus for those in their 50s and early 60s to build up their CPF savings while working.
During his 2023 National Day Rally speech, PM Lee announced a series of new schemes that will benefit different groups of Singaporeans.