Happy 2024 everyone! Everyone knows 2024 has a staggering change in CPF and the government has done that to help businesses to adapt. It is strange though that the last post about CPF had a bit of viewership. Perhaps the interest in CPF has really changed over the years.

Last Sep 2023, the salary cap (OW) was increased to SGD 6,300, and from 2024, there will be an increase to SGD 6,800. What that means is that more of the monies that you earn goes into your CPF aka retirement account every month. Your employers will also have to contribute more to your CPF. I can’t say if that is a good or bad thing.

I guess we are touching on a sensitive part of everyone’s life. Your Salary. Salary are always a sensitive part of most people’s discussions. However, these are all hard truths that we have to come to terms with. Some people