Synopsis: This is a special episode of The Straits Times' video series The Big Story, hosted by Hairianto Diman and Olivia Quay.

The CPF Basic Retirement Sum in Singapore will be raised by 3.5% a year for the next five cohorts of CPF members turning 55 from 2023 to 2027.

ST's Invest editor Tan Ooi Boon explains that when you put more money into CPF Life, you will also get higher monthly payouts from the age of 65.

Read more: https://str.sg/wszx [For subscribers]

Produced by: ST Video team

Edited by: ST Video team and Paxton Pang

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