Most of you should have known that Budget 2023 had made quite a few changes to the CPF system. There are 5 changes made and the 2 main one that affects me and many others the most are. 1) Increase in CPF monthly wage ceiling to $8000 done in steps from September 2023 to January 2026 2) Increase in CPF contribution rate for workers aged above 55 to 70. You can go to CPF website here to read more about these changes. So how does these changes affects me. Since there is no change in the Additional Wage Ceiling (AWC) of $102,000, for people who are getting 5 months or more bonus yearly, there is really not much impact to them on an annual basis except that they will be getting less take home pay monthly but they will get to keep more of their annual Bonus. They will also earn slightly more CPF interest since CPF interest is calculated on a monthly basis....