May 2024 / Singapore

April 15 2024

Singapore, CPF contribution changes from 1 January 2025

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: