SINGAPORE – By 2030, one in four Singaporeans will be at the retirement age of 65 or above, up from one in six today.
To keep pace with rising salaries and support retirement adequacy for Singaporeans, the Singapore Government announced in its Budget 2023 statement that the Central Provident Fund (CPF) monthly salary ceiling will increase from $6,000 to $8,000 by 2026.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
