I know I am late to the complaining party for the recent budget 2024 announcement on changes to the CPF! By now, most of you should have known that the complain is about CPF closing the Special Account for members aged 55 and above in 2025.
The change is giving me a headache not only on what to do now that SA shielding is not possible but also the changes I need to do for the CPF Calculator!
After burning a few weekends to code and debug, I am pleased to say that the CPF Calculator have been updated with the Budget 2024 change.
This update will account for the close of Special Account when you reached the age of 55 and the money will go into your RA and OA respectively depending if you select FRS or ERS (4 times the BRS). Your monthly contribution post 55 will also go into the OA and RA accordingly as well….
