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Explainer: What are the changes to the monthly CPF ceiling and what do they mean for you?

SINGAPORE For some Singaporeans, their take-home pay might look slightly different this month. During Budget 2023, Deputy Prime Minister and Finance Minister Lawrence Wong announced that the monthly salary ceiling for the Central Provident Fund (CPF) will be raised in stages from S$6,000 to S$8,000 by 2026.

National university of singaporeSingapore generalLawrence wongChristopher geeWalter theseiraReginald kohSingapore university of social sciencesCentral provident fundInstitute of policyDeputy prime ministerFinance minister lawrence wongPolicy studiesNational universityProfessor walter theseiraSingapore universitySocial sciences

Explainer: What changes to the monthly CPF ceiling mean for you

SINGAPORE For some Singaporeans, their take-home pay might look slightly different this month. During Budget 2023, Deputy Prime Minister and Finance Minister Lawrence Wong announced that the monthly salary ceiling for the Central Provident Fund (CPF) will be raised in stages from S$6,000 to S$8,000 by 2026.

National university of singaporeSingapore generalWalter theseiraLawrence wongReginald kohChristopher geeInstitute of policyCentral provident fundSingapore university of social sciencesDeputy prime ministerFinance minister lawrence wongPolicy studiesNational universityProfessor walter theseiraSingapore universitySocial sciences

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