The Central Provident Fund (CPF) was introduced in 1955 to ensure Singaporeans have a secure income source during retirement. Initially criticized as “forced retirement,” it has evolved into a highly …
Dividend payouts are a financial strategy companies employ to distribute a portion of their profits to shareholders. This practice serves as a reward for shareholders’ investments and encourages sustained support, …
The Singapore Senior Bonus, also known as the Assurance Package (AP) Seniors’ Bonus, is a financial initiative by the Singapore government to support lower-income senior citizens. Running from 2023 to …
The Singapore government has introduced a new financial assistance program to provide direct cash deposits to eligible individuals and families. This initiative is part of broader efforts to support residents …
The Singapore government’s Community Development Council (CDC) voucher scheme provides direct financial assistance to households, helping them manage living costs while supporting local hawkers, merchants, and supermarkets. First launched in …
The Central Provident Fund (CPF) is a key pillar of Singapore’s social security system. It is a mandatory savings plan designed to support Singaporean citizens and permanent residents in securing …
The Workfare Income Supplement (WIS) program, introduced by the Singaporean government in 2007, is a significant initiative aimed at improving the financial stability of lower-income workers, including self-employed persons (SEPs). …
The Silver Support (SS) Scheme, introduced in 2016 by the Singaporean government, is a cornerstone of the nation’s social safety net. It is designed to ensure financial stability for seniors …
On 4 March 2024, during the Ministry of Manpower’s Committee of Supply (COS) debate, the Singapore government announced substantial changes to its retirement and re-employment age policies. These adjustments, set …
The Singaporean government offers financial support to its citizens through various programs to alleviate living costs and enhance economic stability. One such initiative is the $700 government payout, expected in …