Interestingly, I came across a CPF Special Account ("SA") shielding post by Kilde while browsing on SG Investment Blogger. It was published in June 24, 2024 but updated in August 20, 2024.
But I thought that Mr Lawrence Wong had already plugged the loophole earlier during budget 2024 and it was published on March 22, 2024 on the CPF Board website that the CPF Special Account for those who attained the age of 55 will be closed with effect from 2025 after the Retirement Account is setup.
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| Source : CPF Board- 22 March 2024 |
Strange that Kilde folks are still promoting the SA shielding strategy wor. Or am I missing things out that there is another new loophole?
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