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The Big Story: What does the expansion of Retirement and MediSave Grants mean for you?
More Singaporeans are set to get a bigger boost to their retirement and healthcare savings. The Ministry of Health, Ministry of Manpower, and the CPF Board announced that the Matched Retirement Savings Scheme will cover more Singaporeans, with the government providing matching contributions for CPF top-ups. In addition, a new Matched MediSave Scheme is being introduced as a five-year pilot, helping around 185,000 older Singaporeans with lower MediSave balances. How do these schemes work? Who stands to gain the most, and who might still miss out? On The Big Story, Hongbin Jeong speaks with…
The skinny
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