Budget 2022 – CPF BASIC RETIREMENT SUM (BRS) INCREASED

19/02/2022

CPF BASIC RETIREMENT SUM (BRS) INCREASED

  • The Central Provident Fund (CPF) basic retirement sum will be raised by 3.5% per year for the next five cohorts of CPF members turning 55 from 2023 to 2027.
  • CPF contribution rates for senior workers will be increased between 1.5-2%.

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