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...
I thank the Finance Minister for announcing the next calibrated increase in CPF contribution rates for older workers aged 55 to 65 in this Budget. This will certainly help grow their CPF funds faster. We, the NTUC, are also grateful for the enhancements to the Silver Support Scheme, Matched ...
For years, the CPF system has served as a robust pillar of the nation’s social security, ensuring financial stability for citizens across crucial life domains. Singapore’s Central Provident Fund (CPF) contribution rates will see targeted increases from January 1, 2024. For those above ...
Best Fixed Deposit Rates Fellow Financial Bloggers About MeCPF interest rate to increase On June 4, 2023 By My Sweet Retirement In Money Management CPF interest rate to increase! This is a piece of good news for Singaporeans! From 1 July to 30 September 2023, the interest rate for CPF Spe...
I thank the Finance Minister for announcing the next calibrated increase inCPF contribution rates for older workers aged 55 to 65 in this Budget. This willcertainly help grow their CPF funds faster. We, the NTUC, are also gr...
Get a Quote Now You are here:Home/Download Guides/Corporate Services/Singapore Central Provident Fund and Skill Development Levy Rates The Central Provident Fund or CPF is a compulsory pension fund scheme in which the employer and employee contribute a percentage of the monthly salary to the fund...
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Updated onAugust 31, 2023SingaporeTalenox ThoughtsTalenox Updates Breaking Down Your “Kopi-Money”: CPF Changes for September 2023 and January 2024 Reading Time:6minutesUnderstand the September 2023 and January 2024 updates to the Ordinary Wage (OW) Ceiling and CPF Contribution Rates, and how the...
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Singapore Permanent Resident in the course of the first two years of obtaining Residency status but who has collectively applied with the employer to contribute at full employee-full employer ratesCPF Contribution Rates for Singapore Citizens Terms: OW = Ordinary Wages (which is capped at $6,000...