What's this CPF thing about?

[ahnyaahnya]

Read that from sometime in Jan, the payout will be $1500 per month?
Currently I'm receiving much more than that.
Does that affect me?

 

[Hysteri]

SINGAPORE – If you are earning a decent salary and your New Year resolution is to save more for retirement, here’s the good news – you can achieve this without much effort, thanks to new key upgrades to the Central Provident Fund (CPF) scheme.

From 2026, the income ceiling that determines the size of your monthly contribution to your CPF accounts has finally hit its intended target of $8,000, after three gradual increases from $6,000, which was the original limit when the move was first announced in 2023.

Already a subscriber? Log in​

 

[sky00sky]

edmwer 20k a month . not affected capped still

 

[ahnyaahnya]

SINGAPORE – If you are earning a decent salary and your New Year resolution is to save more for retirement, here’s the good news – you can achieve this without much effort, thanks to new key upgrades to the Central Provident Fund (CPF) scheme.

From 2026, the income ceiling that determines the size of your monthly contribution to your CPF accounts has finally hit its intended target of $8,000, after three gradual increases from $6,000, which was the original limit when the move was first announced in 2023.

Already a subscriber? Log in​

Sorry, but what has this to do with payout of $1500?
I no understand