One Minute Mondays (OMM)

CPF Changes with effect from 1 September 2023

21 August 2023 | 1 min read

What CPF says?

With effect from 1 September 2023, the CPF OW Ceiling will increase from SGD6,000 to SGD6,300.

Has PayAdvisorMobile® made the enhancement for you?

Answer: YES and is no cost to you.

HR user will be able to see the CPF computation at Monthly Timecard Module.

We are giving you an Example. At MTC, go to Show Salary Rate (grey button) to see the following screenshot.

  • Monthly Salary : SGD6,300.00
  • Total CPF Contribution: SGD2,331.00 (37%)
  • Employer Contribution: SGD1,071.00 (17%)
  • Employee Contribution: SGD1,260.00 (20%)