Singapore Budget 2015: CPF salary ceiling to be raised to S$6,000 from S$5,000

The government will raise the Central Provident Fund (CPF) salary ceiling from S$5,000 to S$6,000, said Tharman Shanmugaratnam, Deputy Prime Minister, and Minister of Finance, on Monday.

In line with the higher CPF salary ceiling, the government will raise the contribution cap within the Supplementary Retirement Scheme.

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