financial security

Major Retirement Update in Singapore – Find Out If You’ll Be Working Past 63

Major Retirement Update in Singapore – Find Out If You’ll Be Working Past 63

Anthony Lane

Singapore is increasing the retirement age from 63 to 64 and the re-employment age from 68 to 69 by 2026, with a long-term goal of raising these to 65 and 70, respectively, by 2030. These changes will provide workers with more opportunities to stay employed and will offer financial support to employers through various government incentives. Stay informed and prepare early to take full advantage of these new policies.