Increase in CPF Ordinary Wage ceiling
The CPF Ordinary Wage (OW) ceiling will be raised to $8,000 by 2026. The increase took four steps since 1 September 2023 to allow employers and employees to adjust.
Please refer to the table below for the CPF OW and annual salary ceilings from 2023 to 2026:
Increase in CPF Contribution Rates
From 1 January 2025, the CPF contribution rates for employees aged above 55 to 65 will be increased to strengthen their retirement adequacy. The changes apply to wages earned from 1 January 2025:
Source: cpf.gov.sg