During the presentation of Singapore's 2023 budget, the Deputy Prime Minister, Lawrence Wong, announced that the OW ceiling for CPF would be raised from SGD6,000 to SGD8,000 by 2026. The additional wage ceiling will increase CPF contributions, increasing allocation rates for certain age groups...
How To Apply For An Adjustment of CPF Contributions Paid? A Brief Look at CPF What Is CPF? Central Provident Fund or CPF is the Singapore government’s social security savings scheme funded by the employer and the employee. It helps the working class pay for their medical, housing, and, ...