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The monthly contribution for Central Provide Fund (CPF) ordinary wages ceiling is changing from 6,000 to 6,300 from September 2023 onwards.
Our platform has been modified to align with the CPF legislative changes announced in Budget 2023. Starting from September 2023, CPF contributions will reflect the revised ordinary wage ceiling of 6,300.
As there are changes from CPF ordinary wage from September onwards, the CPF additional ceiling cap will undergo changes to reflect these changes.
Read more: How the Additional Wage (AW) Ceiling calculated?
Read more: How is CPF calculated in a Pay Run?
You can also refer to CPF budget 2023 announcements here: Budget Highlights 2023
