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  1. www.cpf.gov.sg › member › infohubCPFB | Changes to CPF in 2024 and beyond

    Mar 22, 2024 · Here are what the changes to CPF in 2024 mean for you: Strengthening Retirement Adequacy of Seniors. 1) Majulah package to be introduced for “young” seniors in their 50s to 60s. The Majulah Package will be rolled out to support “young seniors”, who are in their 50s and early 60s.

  2. www.cpf.gov.sg › employer › infohubCPFB | CPF Contribution Changes from 1 January 2025

    Jan 1, 2016 · 1. Increase in CPF Ordinary Wage ceiling from 1 January 2025. (a) The CPF Ordinary Wage (OW) ceiling limits the amount of OW that attract CPF contributions in a calendar month for all employees. The OW ceiling will be raised to $8,000 by 2026.

  3. www.cpf.gov.sg › infohub › newsCPFB | Budget Highlights 2024 - Central Provident Fund Board...

    Feb 16, 2024 · Deputy Prime Minister and Minister for Finance Lawrence Wong announced changes related to CPF during the FY2024 Budget Statement in Parliament on 16 February 2024, as stated below. 1. Majulah Package

  4. www.dbs.com.sg › personal › articlesCPF Changes in SG Budget 2024

    Changes to the Central Provident Fund (CPF) aimed at strengthening retirement adequacy and providing better support for senior workers, were announced as part of Budget 2024. Here are the highlights of the CPF changes.: 1. Increase in Enhanced Retirement Sum (ERS)

  5. dollarsandsense.sg › cpf-changes-budget-20246 CPF Changes Announced In Budget 2024 - DollarsAndSense.sg

    Feb 21, 2024 · Budget 2024 came with some changes to CPF rules, and this will affect how Singaporeans take it into account to plan and save for retirement. Here is a quick summary to the CPF changes that will take effect from 1 January 2025. #1 Special Account Will Be Closed At Age 55.

  6. dollarsandsense.sg › business › cpf-contribution-ceiling-rise-to-6800-for-2024-howCPF Contribution Ceiling Rise To $6,800 For 2024. How This Will...

    Jan 21, 2024 · As of January 2024, the CPF ceiling will increase to $6,800 for 2024. What Does This Mean for Employers? For employers, this change translates to an increase in the amount they must contribute to their employees’ CPF.

  7. www.channelnewsasia.com › singapore › budget-2024-key-takeaways-cpf-cdc-propertyBudget 2024: 6 key takeaways, from CPF changes to more CDC ... -...

    Feb 16, 2024 · 1. Financial aid. Singaporeans will get more government payouts such as Community Development Council (CDC) vouchers. All households will receive another S$600 in CDC vouchers. Half of this will be...

  8. www.straitstimes.com › singapore › budget-2024-higher-cpf-retirement-sum-ceilingBudget 2024: CPF retirement sum ceiling to increase; Special...

    Feb 17, 2024 · The number of CPF members eligible for the MRSS is expected to more than double, from 395,000 in 2024 to about 800,000 in 2025. Meanwhile, the per capita household income threshold to qualify...

  9. www.channelnewsasia.com › singapore › budget-2024-retirement-account-specialBudget 2024: CPF Enhanced Retirement Sum to increase; Special ......

    Feb 16, 2024 · SINGAPORE: Central Provident Fund (CPF) members aged at least 55 will no longer have a Special Account from 2025 onwards, but they will be able to put more money into their Retirement Accounts,...

  10. www.businesstimes.com.sg › wealth › how-cpf-changes-budget-2024-impact-retirementHow CPF changes in Budget 2024 impact retirement planning -...

    Feb 19, 2024 · Budget 2024: CPF changes for senior workers include Special Account closure, higher Enhanced Retirement Sum