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2023 Changes to Central Provident Fund (CPF) Contributions: What You Need to Know

February 14, 2023

As announced in the Singapore Budget 2023, changes to the Central Provident Fund (“CPF”) will be made as follows:

From 1 September 2023 and 1 January 2024: Increase in CPF Ordinary Wage ceiling
From 1 January 2024: Increase in CPF contribution rates

The main points of the above are summarised in the attached factsheet.

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