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#SGBudget2023: CPF monthly salary ceiling raised to S$8,000 by 2026; senior worker contribution rate to rise

The ceiling – last updated in 2016 – will be bumped in four steps from S$6,000 to S$8,000 by 2026.

For senior workers aged above 55 to 70, total CPF contribution rates will be raised by up to 1.5 percentage points from Jan 1, 2024.

https://bt.sg/5agC

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