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CPF Salary Ceiling from 1 September 2023

Updated: Jun 17, 2023

From 1 September 2023, there will be changes to the CPF salary ceilings to ensure that the CPF system remains relevant in meeting the retirement needs of resident employees.

The monthly salary ceiling, also known as the Ordinary Wage ceiling, will be increased gradually from $6,000 to $8,000 by 2026 for all employees. This increase will be implemented in four stages, allowing employers and employees to adjust to the changes. The purpose of these adjustments is to align the CPF system with the evolving salary levels in Singapore.

CPF salary ceiling increase

Source: CPF Board

This change in CPF salary ceilings will be beneficial for employees who earn above $6,000.

The annual salary ceiling, which determines the maximum amount of Ordinary Wages and Additional Wages subject to CPF contributions, will remain at $102,000 for now. This ceiling will be reviewed regularly to ensure it adequately covers the majority of CPF members.

The CPF Annual limit will also stay at S$37,740.

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