From 1st January 2026, the CPF contribution rates for employees aged above 55 to 65 will be increased to strengthen their retirement adequacy.
The changes apply to wages earned from 1st January 2026 for employees earning monthly wages > $750.
Changes to S Pass Levy Rates.
From 1st September 2025, the S Pass Basic / Tier 1 levy rate will increase from $550 and Tier 2 levy remains at $650.
The updated Position Statement can be found on My Oracle Support, Doc ID 2973834.1.