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Jul 16, 2024 · In 2024, CPF interest rates are 2.5% for your Ordinary Account (OA), and 4.05% for your Special Account (SA), Medisave Account (MA) and Retirement Account (RA). And if you’re under 55, you will get an extra 1% interest on the first S$60,000 of your combined CPF balance.
Jul 15, 2024 · From 1 January 2024, CPF contribution rates for workers above 55 will increase and the monthly salary ceiling will increase to $6800. These changes affect both take-home pay and savings for Singaporean residents. Understanding these adjustments is vital for effective financial planning.
CPF Interest Rates (1 July 2024 to 30 September 2024) To help boost retirement savings, the Government pays extra interest on the first $60,000 of your combined CPF balances, which is capped at $20,000 for Ordinary Account (OA). Please refer to details on extra interest in the table below.
Jun 28, 2024 · Similar to the support provided in 2022, the CPF Transition Offset (CTO) will provide transitory wage offsets to alleviate the rise in business costs due to the increase in CPF contribution rates for senior workers.
Jul 8, 2024 · From 1 January 2024, the CPF contribution rates for senior workers increased by between 1% and 1.5%, as follows: Source: MOM During Budget 2024, the government announced another major change to the CPF system.
Jun 28, 2024 · The Yearbook contains a wide range of statistics on the labour market. These include key data on the labour force, job vacancy, wages, retrenchment, labour turnover, hours worked, employment conditions, labour relations, workplace safety and health, training and higher education. Released on: 28 June 2024. . .
CPF SMRA interest rate for July 2024 to September 2024 4.08% per annum Source: Yields of 10-Year Singapore Government Securities are obtained from mas.gov.sg/bonds-and-bills
