Tax News

Singapore, increase in CPF Contribution Rates from 1 January 2025

Written by Diacron Group | 02 Jan 2025

As of 1 January 2025, the CPF Ordinary Wage (OW) ceiling has been progressively increased, with the final cap reaching $8,000 by 2026. Additionally, CPF contribution rates for employees aged 55 to 65 have been adjusted to strengthen retirement adequacy.

For a detailed overview of all the changes, please refer to our dedicated article: Singapore, CPF contribution changes from 1 January 2025 - Diacron