{"id":8257,"date":"2024-02-15T07:54:50","date_gmt":"2024-02-15T07:54:50","guid":{"rendered":"https:\/\/www.areyouready.sg\/?p=8257"},"modified":"2024-02-20T04:11:55","modified_gmt":"2024-02-20T04:11:55","slug":"cpf-contribution-monthly-salary-ceiling-increase","status":"publish","type":"post","link":"https:\/\/www.areyouready.sg\/cpf-contribution-monthly-salary-ceiling-increase\/","title":{"rendered":"CPF Contribution Changes from 1 Jan 2024"},"content":{"rendered":"\n<p><strong>Key Takeaways:<\/strong><\/p>\n\n\n\n<ul>\n<li>From 1 January 2024, CPF contribution rates for workers above 55 will increase and the monthly salary ceiling will increase to $6800.<\/li>\n\n\n\n<li>These changes affect both take-home pay and savings for Singaporean residents.<\/li>\n\n\n\n<li>Understanding these adjustments is vital for effective financial planning.<\/li>\n<\/ul>\n\n\n\n<p><strong>Introduction:<\/strong><br>Effective 1 January 2024, CPF contribution rates rise alongside the salary ceiling, impacting Singaporeans&#8217; financial planning.<\/p>\n\n\n\n<p><strong>Understanding CPF Changes:<\/strong><br>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 employers.<\/p>\n\n\n\n<p><strong>Featured Snippet:<\/strong><br>Question: How do the CPF changes starting 1 January 2024 affect Singaporeans?<br>Answer: The CPF rate and salary ceiling increases lead to higher contributions, affecting individuals&#8217; take-home pay and savings accumulation, while employers face elevated contribution obligations. Understanding these changes is essential for financial planning and long-term financial security.<\/p>\n\n\n\n<p>As a resident of Singapore, I am keenly aware that beginning 1 January 2024, there are gradual changes to the Central Provident Fund (CPF) contribution rates as the monthly salary ceiling raises. These adjustments are part of the government&#8217;s ongoing efforts to ensure the financial security of Singaporeans upon retirement. For many residents like myself, understanding the implications of these changes on our finances is crucial, as CPF contributions are a key component of our retirement savings plan.<\/p>\n\n\n\n<p>I&#8217;ve noticed that the revisions have sparked discussions among my peers, especially regarding how the increased ceiling will affect their take-home pay and savings. The impact extends beyond individuals, as employers too must adapt to the higher contribution rates.<\/p>\n\n\n\n<p>Being informed about these changes enables me to make prudent financial decisions. Adjusting my budget now, in light of the updated contribution rates, will help me manage my short-term cash flow while optimising my long-term financial growth. As CPF contributions are mandatory for working Singaporeans and permanent residents, staying updated on these changes is not just helpful but essential for financial wellbeing.<\/p>\n\n\n\n<p>Here are some of our top picks on:<\/p>\n\n\n\n<ul>\n<li><strong><a href=\"https:\/\/www.areyouready.sg\/cpf-sa-shielding\/\" data-type=\"post\" data-id=\"8215\">CPF SA Shielding: What are the pros and cons?<\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"https:\/\/www.areyouready.sg\/cpf-interest-rate\/\" data-type=\"post\" data-id=\"8291\">Interest rates for CPF Special and MediSave, Retirement accounts rise<\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"https:\/\/www.areyouready.sg\/online-brokerage-singapore\/\" data-type=\"post\" data-id=\"8179\">Best online brokerage &amp; trading platform in Singapore<\/a><\/strong><\/li>\n<\/ul>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Overview of CPF Contribution Changes<\/strong><\/h2>\n\n\n\n<p>In my capacity as a well-informed individual on Singapore&#8217;s social security system, I&#8217;ve carefully monitored the recent adjustments to the Central Provident Fund (CPF) contributions that came into effect on 1st January 2024. These adjustments directly impact both employees and employers.<\/p>\n\n\n\n<p>The <strong>CPF monthly salary ceiling<\/strong> has been raised from $6,300 to <strong>$6,800, resulting in a reduction in your take-home pay and an increase in your CPF contributions.&nbsp;<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Period<\/th><th>CPF monthly salary ceiling<\/th><th>Increment<\/th><th>CPF annual salary ceiling<\/th><\/tr><\/thead><tbody><tr><td><strong>Before 1 Sep 2023<\/strong><\/td><td><strong>S$6,000<\/strong><\/td><td><strong>&#8211;<\/strong><\/td><td rowspan=\"5\"><strong>S$102,000<\/strong><\/td><\/tr><tr><td><strong>From 1 Sep 2023<\/strong><\/td><td><strong>S$6,300<\/strong><\/td><td><strong>+ S$300<\/strong><\/td><\/tr><tr><td><strong>From 1 Jan 2024<\/strong><\/td><td><strong>S$6,800<\/strong><\/td><td><strong>+ S$500<\/strong><\/td><\/tr><tr><td><strong>From 1 Jan 2025<\/strong><\/td><td><strong>S$7,400<\/strong><\/td><td><strong>+ S$600<\/strong><\/td><\/tr><tr><td><strong>From 1 Jan 2026<\/strong><\/td><td><strong>S$8,000<\/strong><\/td><td><strong>+ S$600<\/strong><\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><em>Source: Central Provident Fund (CPF)<\/em><\/figcaption><\/figure>\n\n\n\n<p><em>Employee contribution rates<\/em> have increased for specific age groups. Notably, <strong>workers aged 55 to 65<\/strong> now contribute <em>1%<\/em> more, and this incremental change also applies to those in the age bracket of <strong>65 to 70 <\/strong>now contributing <em>0.5%<\/em> more. Rates for other age groups remain unchanged.<\/p>\n\n\n\n<p><em>Employer contribution rates<\/em> have likewise risen, corresponding with the adjustments for employees. Employers are contributing an additional <em>0.5%<\/em> for employees aged <strong>55 to 70<\/strong>.<\/p>\n\n\n\n<p>Here&#8217;s a quick reference table summarising the changes:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Age Group<\/th><th>Previous Employee Rate (%)<\/th><th>New Employee Rate (%)<\/th><th>Increase (%)<\/th><\/tr><\/thead><tbody><tr><td>Above 55 to 60<\/td><td>15<\/td><td>16<\/td><td>1<\/td><\/tr><tr><td>Above 60 to 65<\/td><td>9.5<\/td><td>10.5<\/td><td>1<\/td><\/tr><tr><td>Above 65 to 70<\/td><td>7.0<\/td><td>7.5<\/td><td>0.5<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>It is pertinent for individuals and businesses to update their payroll systems to reflect these changes. These contributions are integral for one&#8217;s retirement, healthcare, and housing needs, ensuring a secure future for Singaporeans. It is my responsibility to stay abreast of these developments and how they affect my financial planning.<\/p>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Impact on Employees<\/h2>\n\n\n\n<p>As an informed resident of Singapore, I am aware of the recent CPF contribution changes that took effect on 1 January 2024. These changes will have a direct impact on employees in two primary ways: adjustments to their take-home salaries and enhancements to their retirement savings.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Take-Home Salary Adjustments<\/strong><\/h3>\n\n\n\n<p>The new CPF contribution rates and salary ceiling adjustment have resulted in modifications to some of our monthly take-home salaries. As an employee, here&#8217;s how your payroll may change:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Age Group<\/th><th>Previous CPF Rate<\/th><th>New CPF Rate<\/th><th>Change in Take-home Salary<\/th><\/tr><\/thead><tbody><tr><td>Below 55<\/td><td>20%<\/td><td>20%<\/td><td>Decrease by up to $100 if you earn more than $6300<\/td><\/tr><tr><td>Above 55 to 60<\/td><td>15%<\/td><td>16%<\/td><td>Decrease<\/td><\/tr><tr><td>Above 60 to 65<\/td><td>9.5%<\/td><td>10.5%<\/td><td>Decrease<\/td><\/tr><tr><td>Above 65 to 70<\/td><td>7.0%<\/td><td>7.5%<\/td><td>Decrease<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>The table clearly reflects that employees of various age groups will see a slight reduction in their take-home salary due to the increased contribution to the CPF.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Increased Retirement Savings<\/strong><\/h3>\n\n\n\n<p>Simultaneously, the hike in CPF contribution rates has a beneficial effect on our long-term financial health; specifically, an enhancement in my retirement savings. Contributions are directed into my Ordinary Account (OA), Special Account (SA), and MediSave Account (MA) in the following proportions:<\/p>\n\n\n\n<p><strong>Here\u2019s what The Allocation Rates for different age brackets will look like:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td rowspan=\"2\"><strong>Age&nbsp;<\/strong><\/td><td colspan=\"3\"><strong>The Allocation Rates (%)<\/strong><\/td><td rowspan=\"2\"><strong>Employer contribution<\/strong><\/td><td rowspan=\"2\"><strong>Employee contribution<\/strong><\/td><td rowspan=\"2\"><strong>Total wage percentage<\/strong><\/td><\/tr><tr><td><strong>Ordinary Account (OA)<\/strong><\/td><td><strong>Special Account (SA)<\/strong><\/td><td><strong>Medisave Account (MA)<\/strong><\/td><\/tr><tr><td><strong>35 and below<\/strong><\/td><td><strong>23<\/strong><\/td><td><strong>6<\/strong><\/td><td><strong>8<\/strong><\/td><td rowspan=\"4\"><strong>17<\/strong><\/td><td rowspan=\"4\"><strong>20<\/strong><\/td><td rowspan=\"4\"><strong>37<\/strong><\/td><\/tr><tr><td><strong>Above 35 to 45<\/strong><\/td><td><strong>21<\/strong><\/td><td><strong>7<\/strong><\/td><td><strong>9<\/strong><\/td><\/tr><tr><td><strong>Above 45 to 50<\/strong><\/td><td><strong>19<\/strong><\/td><td><strong>8<\/strong><\/td><td><strong>10<\/strong><\/td><\/tr><tr><td><strong>Above 50 to 55<\/strong><\/td><td><strong>15<\/strong><\/td><td><strong>11.5<\/strong><\/td><td><strong>10.5<\/strong><\/td><\/tr><tr><td><strong>Above 55 to 60<\/strong><\/td><td><strong>12<\/strong><\/td><td><strong>7<\/strong><\/td><td><strong>10.5<\/strong><\/td><td><strong>15<\/strong><\/td><td><strong>16<\/strong><\/td><td><strong>31<\/strong><\/td><\/tr><tr><td><strong>Above 60 to 65<\/strong><\/td><td><strong>3.5<\/strong><\/td><td><strong>6.5<\/strong><\/td><td><strong>10.5<\/strong><\/td><td><strong>11.5<\/strong><\/td><td><strong>10.5<\/strong><\/td><td><strong>22<\/strong><\/td><\/tr><tr><td><strong>Above 65 to 70<\/strong><\/td><td><strong>1<\/strong><\/td><td><strong>4<\/strong><\/td><td><strong>10.5<\/strong><\/td><td><strong>9<\/strong><\/td><td><strong>7.5<\/strong><\/td><td><strong>16.5<\/strong><\/td><\/tr><tr><td><strong>70 and above<\/strong><\/td><td><strong>1<\/strong><\/td><td><strong>1<\/strong><\/td><td><strong>10.5<\/strong><\/td><td><strong>7.5<\/strong><\/td><td><strong>5<\/strong><\/td><td><strong>12.5<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>These enhancements ensure my retirement savings will be more substantial, giving me a more secure financial foundation for the future.<\/p>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Impact on Employers<\/strong><\/h2>\n\n\n\n<p>As of 1 January 2024, CPF contribution rates for employers have been adjusted. I&#8217;ll outline the changes and discuss the implications they have on business expenses.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Employer Contribution Adjustments<\/strong><\/h3>\n\n\n\n<p>Employers are now required to contribute at modified rates to their employees&#8217; Central Provident Fund (CPF) accounts. Here is a table illustrating the updated rates based on employee age groups:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Employee Age Group<\/th><th>Previous Contribution Rate (%)<\/th><th>New Contribution Rate (%)<\/th><th>Change (%)<\/th><\/tr><\/thead><tbody><tr><td>Below 55<\/td><td>17<\/td><td>&#8211;<\/td><td>&#8211;<\/td><\/tr><tr><td>55 to 60<\/td><td>14.5<\/td><td>15<\/td><td>0.5<\/td><\/tr><tr><td>60 to 65<\/td><td>11<\/td><td>11.5<\/td><td>0.5<\/td><\/tr><tr><td>Above 65<\/td><td>8.5<\/td><td>9.0<\/td><td>0.5<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Impact on Business Costs<\/strong><\/h3>\n\n\n\n<p>The increase in CPF contribution rates, as presented in the table above, will inevitably lead to higher business costs. A bulleted list showcases the specific areas affected:<\/p>\n\n\n\n<ul>\n<li><strong>Payroll expenses<\/strong>: A direct and immediate effect is the increment in payroll expenses due to increased employer contributions.<br><\/li>\n\n\n\n<li><strong>Budgeting and financial planning<\/strong>: Companies may need to revisit their financial strategies to accommodate the additional costs.<br><\/li>\n\n\n\n<li><strong>Competitiveness<\/strong>: Higher operational costs might affect pricing strategies and the ability to compete, particularly for small businesses and start-ups.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Particulars for Different Age Groups<\/strong><\/h2>\n\n\n\n<p>With the CPF contribution changes effective 1 January 2024, I find it essential to understand how these alterations impact different age groups within the workforce in Singapore. The rates have been adjusted to support individuals in their retirement adequacy, catering specifically to the needs of both younger and older workers.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Younger Workers<\/strong><\/h3>\n\n\n\n<p>For workers aged 55 and below, the monthly salary ceiling have increased to enhance retirement savings early. <strong>Salary Ceilings<\/strong> are now <strong>up to $6800<\/strong>. Here&#8217;s a breakdown for those who earn more than $6300:<\/p>\n\n\n\n<ul>\n<li><strong>Take Home Pay: <\/strong>reduced by up to $100<\/li>\n\n\n\n<li><strong>Employee contribution:<\/strong> Rises by up to $100&nbsp;<\/li>\n\n\n\n<li><strong>Employer contribution:<\/strong> Increases by up to $85<\/li>\n<\/ul>\n\n\n\n<p>These rates apply to workers earning more than SGD $6300 monthly. This increment means they have more going into their Ordinary Account (OA), Special Account (SA), and MediSave Account (MA), allowing them to accrue higher savings for housing, medical needs, and retirement.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Older Workers<\/strong><\/h3>\n\n\n\n<p>For workers above age 55, there is a scaled approach to CPF contributions aiming to balance between take-home pay and retirement savings. The changes are structured to progressively lower the contribution rates as I age, while still ensuring a substantial amount is allocated to my retirement nest egg.&nbsp;<\/p>\n\n\n\n<p>These updates reflect a deliberate shift to support older workers like me by increasing our savings potential whilst considering the need for sufficient current income. It&#8217;s pivotal to review these rates periodically to stay informed about the CPF savings trajectory as I work towards retirement.<\/p>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Additional CPF Support Measures<\/strong><\/h2>\n\n\n\n<p>As of 1 January 2024, I have observed several changes in CPF contribution rates and schemes intended to provide additional support to Singaporeans. These are designed to bolster retirement savings for both employees and self-employed persons. I&#8217;ve summarised the key measures below.<\/p>\n\n\n\n<p><strong>For Employees:<\/strong><\/p>\n\n\n\n<ul>\n<li><strong>Increased Contribution Rates:<\/strong> The contribution rates for workers above the age of 55 to 70 have been raised to enhance retirement funds.<\/li>\n\n\n\n<li><strong>Matched Retirement Savings Scheme:<\/strong> This scheme aids those with less CPF savings. Eligible individuals will receive matching contributions from the government.<\/li>\n<\/ul>\n\n\n\n<p><strong>For Self-Employed Persons:<\/strong><\/p>\n\n\n\n<ul>\n<li><strong>Deferred Medisave Liabilities:<\/strong> A flexible payment arrangement to manage Medisave contributions has been introduced, which can ease immediate financial burdens.<\/li>\n<\/ul>\n\n\n\n<p><strong>For All Singaporeans:<\/strong><\/p>\n\n\n\n<ul>\n<li><strong>CPF Top-Up Tax Relief:<\/strong> There are increased tax reliefs for individuals who make cash top-ups to their own or loved ones&#8217; Special or Retirement Accounts.<\/li>\n\n\n\n<li><strong>Extra Interest Scheme:<\/strong> During the initial quarter of 2024, the annual interest rate for the CPF Special, MediSave, and Retirement accounts is scheduled to increase to 4.08%. Additional interest on the first S$60,000 of combined CPF balances, with up to S$20,000 from the Ordinary Account, continues to be applicable.<\/li>\n<\/ul>\n\n\n\n<p>Below is a more detailed breakdown:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Aspect<\/th><th>Employee (age 55-70)<\/th><th>Self-Employed Person<\/th><th>General Changes<\/th><\/tr><\/thead><tbody><tr><td><strong>CPF Rates<\/strong><\/td><td>Increased by 1-2%<\/td><td>Medisave contributions remain flexible<\/td><td>N\/A<\/td><\/tr><tr><td><strong>Tax Reliefs<\/strong><\/td><td>N\/A<\/td><td>N\/A<\/td><td>Higher for CPF top-ups<\/td><\/tr><tr><td><strong>Interest<\/strong><\/td><td>Additional 1% on first S$30,000<\/td><td>N\/A<\/td><td>Extra interest on first S$60,000 of combined balances<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>These enhancements should aid in increasing the retirement adequacy for individuals across different working statuses. It\u2019s also important for me to keep abreast of these changes to plan my financial future more effectively.<\/p>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Comparison with Previous CPF Regulations<\/strong><\/h2>\n\n\n\n<p>The Central Provident Fund (CPF) contribution rates in Singapore have been adjusted as of 1 January 2024. I&#8217;m examining these changes and how they compare to the regulations that were in place before this date.<\/p>\n\n\n\n<p>The salary ceiling, which is the maximum amount of monthly wages on which CPF contributions are levied, was previous at SGD 6,300. As of the beginning of 2024, the ceiling has seen an increment, which results in higher absolute CPF contributions for wages up to the new ceiling.<\/p>\n\n\n\n<p>The income ceiling will be raised gradually til $8000 per month by 2026.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Start Date<\/th><th>CPF Monthly Ceiling<\/th><th>Monthly Contribution<\/th><\/tr><\/thead><tbody><tr><td>Before 1 Sep 2023<\/td><td>$6,000<\/td><td>$1,200<\/td><\/tr><tr><td>1 Sep 2023<\/td><td>$6,300<\/td><td>$1,260<\/td><\/tr><tr><td>1 Jan 2024<\/td><td>$6,800<\/td><td>$1,360<\/td><\/tr><tr><td>1 Jan 2025<\/td><td>$7,400<\/td><td>$1,480<\/td><\/tr><tr><td>1 Jan 2026<\/td><td>$8,000<\/td><td>$1,600<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Before the changes, employees aged 55 and above were required to contribute 5 &#8211; 16% of their wage to CPF, with employers contributing an additional 7.5 &#8211; 15%. From 1 January 2024, my contribution rate has increased by 1%, bringing it to 21%, while my employer&#8217;s contribution has risen to 18%.<\/p>\n\n\n\n<p>Critical to note is the impact of these changes for employees and employers alike. For me, a higher contribution may mean increased savings for retirement, housing, and healthcare needs. For employers, the adjustment represents a slight increase in the financial commitment to their employees&#8217; CPF accounts.<\/p>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Planning for Your Financial Future<\/strong><\/h2>\n\n\n\n<p>With the new CPF contribution changes implemented on 1 January 2024, assessing how they impact my financial planning is crucial. I&#8217;m taking a close look at both the immediate and long-term effects these changes will have on my financial landscape.<\/p>\n\n\n\n<p><strong>Immediate Impact:<\/strong><\/p>\n\n\n\n<ul>\n<li><strong>Increased Contributions<\/strong>: My take-home pay may decrease slightly due to higher CPF contributions, but this also means my savings for retirement are growing. It&#8217;s important to adjust my monthly budget to accommodate this change.<\/li>\n\n\n\n<li><strong>Employer Contributions<\/strong>: There&#8217;s a rise in my employer&#8217;s CPF contributions too, which boosts my overall CPF savings without additional outlay from my salary.<\/li>\n<\/ul>\n\n\n\n<p><strong>Long-Term Benefits:<\/strong><\/p>\n\n\n\n<ul>\n<li><strong>Increased Retirement Sum<\/strong>: Due to the hike in contributions, my Total Retirement Sum should see a substantial increase, ensuring I have a more comfortable retirement.<\/li>\n\n\n\n<li><strong>Property Financing<\/strong>: I might consider using the CPF funds for housing loans, which could affect the amount I have for my retirement years. It is critical to balance the need for a property and maintaining adequate retirement savings.<\/li>\n<\/ul>\n\n\n\n<p><em>Planning Ahead:<\/em> I\u2019ll revisit my financial plan to accommodate these changes. It&#8217;s sensible for me to speak with a financial advisor to re-strategise if necessary. By staying informed and adapting my financial strategy, I can ensure that these CPF changes positively contribute to my financial stability in both my working years and retirement.<\/p>\n\n\n\n<p>Read more:<\/p>\n\n\n\n<ul>\n<li><strong><a href=\"https:\/\/www.areyouready.sg\/best-usd-fixed-deposit-rates-in-singapore\/\" data-type=\"post\" data-id=\"8192\">Guide to USD Fixed Deposit Rates<\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"https:\/\/www.areyouready.sg\/singapore-reit-etfs\/\" data-type=\"post\" data-id=\"8283\">Guide to Singapore REIT ETFs<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways: Introduction:Effective 1 January 2024, CPF contribution rates rise alongside the salary ceiling, impacting Singaporeans&#8217; 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 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8258,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[183,12,337],"tags":[501,506,509,505,508,503,507,504,500,502],"_links":{"self":[{"href":"https:\/\/www.areyouready.sg\/wp-json\/wp\/v2\/posts\/8257"}],"collection":[{"href":"https:\/\/www.areyouready.sg\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.areyouready.sg\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.areyouready.sg\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.areyouready.sg\/wp-json\/wp\/v2\/comments?post=8257"}],"version-history":[{"count":6,"href":"https:\/\/www.areyouready.sg\/wp-json\/wp\/v2\/posts\/8257\/revisions"}],"predecessor-version":[{"id":8299,"href":"https:\/\/www.areyouready.sg\/wp-json\/wp\/v2\/posts\/8257\/revisions\/8299"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.areyouready.sg\/wp-json\/wp\/v2\/media\/8258"}],"wp:attachment":[{"href":"https:\/\/www.areyouready.sg\/wp-json\/wp\/v2\/media?parent=8257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.areyouready.sg\/wp-json\/wp\/v2\/categories?post=8257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.areyouready.sg\/wp-json\/wp\/v2\/tags?post=8257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}