Status
All Systems Operational
Starting from January 2024, CPF contributions will reflect the revised ordinary wage ceiling of 6,800. We have also updated the platform to align with January 2024 contribution rate changes for employees aged 55 and above.
As there are changes from CPF ordinary wage from January 2024 onwards, the CPF additional ceiling cap will undergo changes to reflect these changes. Read more about this: How is Additional Wage (AW) Ceiling calculated?
You may refer to CPF budget 2023 announcements: Budget Highlights 2023
Read more about CPF pay calculations: How is CPF calculated in a Pay Run?
Please note: To ensure accurate CPF calculation, administrators are strongly recommended to recalculate unfinalised draft pay runs for pay periods from January 2024 onwards.
