What happened? As we enter 2024, there's an important change to Central Provident Fund (CPF) contributions that may affect you. From 1 January 2024, the CPF monthly salary ceiling will be raised further. This follows a previous increase in the CPF monthly contribution on 1 September 2023. If you are new to the CPF monthly salary ceiling, it is the maximum amount of monthly wages eligible for CPF contributions.  Source: CPF   As a recap, the CPF monthly salary ceiling was increased to S$6,300 on 1 September 2023 from S$6,000 previously. This means that if your salary is above S$6,300 per month, you will not be required to make CPF contributions on the portion of your monthly salary above S$6,300. This ceiling is now set to be raised further in various stages from 1 January 2024 to 2026. From 1 January 2024, the CPF monthly salary ceiling will be raised from S$6,300 to S$6,800. The CPF monthly salary ceiling will then be progressively increased to S$8,000 in 2026....