Tag: Cpf contribution monthly salary ceiling increase singapore
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CPF Contribution Changes from 1 Jan 2024
Key Takeaways: Introduction:Effective 1 January 2024, CPF contribution rates rise alongside the salary ceiling, impacting Singaporeans’ financial planning. Understanding CPF Changes:What are the implications of the CPF rate and salary ceiling increases starting 1 January 2024? The adjustments are designed to bolster retirement savings, affecting take-home pay and necessitating budget adjustments for both employees and…