Therefore only the initial $6000 of the monthly salary is subject to CPF contributions, which means the employer does not need to contribute to the CPF account if the employee earns above $6000. Additional Wage Ceiling: It is a CPF contribution cap on additional wage types, like bonuses. The...
The max cont cap should be around 50k I'd argue as that is only 20% of a 250k salary which is within many professionals reach. You are right, and the maximum wage that attracts CPF contributions should be indexed to inflation too. Only wages up to S$72k and bonus up to S$30k ...
The SMB and HML factors for non-US based funds are constructed from stock market data to exclude the contribution of the size effect and the BE/ME effect. The results show that volatility timing is one of the factors contributing to the excess return of funds. However, funds’ volatility-...