What occurred?
Singapore’s statutory retirement age rose from 63 to 64 on 1 July 2026. When the change was first introduced, a lot of the eye was on whether or not individuals ought to make their first Supplementary Retirement Scheme, or SRS, contribution earlier than July 2026. Doing so would lock in an earlier prescribed retirement age of 63. Now that the change has taken impact, the extra helpful query is just not whether or not we missed the chance to withdraw our SRS funds one yr earlier. It’s what we will do to develop our SRS and CPF financial savings earlier than we’d like them. On this article, I’ll have a look at what the upper retirement age means for our CPF, SRS and investments, and the way we will carry them collectively when planning for retirement.
How the the retirement age change 1 July 2026 impacts your CPF and SRS
There are a couple of key implications of the change…
