CPF RATES INCREASE WITH EFFECT FROM 1 JAN’23

28/10/2022

CPF RATES INCREASE WITH EFFECT FROM 1 JAN 2023:

The CPF contribution rates for employees aged above 55 to 70 will be increased to strengthen their retirement adequacy. The changes will apply to wages earned from 1 January 2023.

More of the rate increase details can be found on CPF Board’s website.

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