HR Update: Upcoming Changes to CPF Contribution Rates and Ordinary Wage Ceiling in Singapore
Exciting updates are on the way for Singapore’s Central Provident Fund (CPF) starting January 1, 2025!
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HR Update: New Social Contribution Limits in Shanghai and Beijing Effective from July 2024
Starting in July 2024, Shanghai and Beijing introduced new upper and lower limits on salary bases for social contributions and housing funds, which directly impact both employer and employee contributions.