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The CPF salary ceiling, the maximum amount of ordinary wages that employee and employer contributions are calculated on, was raised from $5,000 to $6,000. "Middle-income Singaporeans will be able to accumulate more CPF savings during their working years," Deputy Prime Minister Tharman Shanmugaratnam said when he announced the latest change during the Budget in February last year. At least 544,000 CPF members are expected to benefit. - See more at: http://news.asiaone.com/news/business/more-cpf-savings-new-rules#sthash.pajiY2Zl.dpuf ==== 1. There are 544,000 people earning $5000 or more here. Excluding sole proprietors, directors and private tutors. 2. Each person (and employer) will pay $370 more monthly. Gov will receive >$200mil cash monthly. Or gov really short of cash meh? 3. $370 more in the CPF account. About $200+ can be used for housing loan. Positive impact to the property price. 4. $200 less take home pay.... Retail business and COE.... down down down. 5. Boss will tell us... "You already got $170 increase in your CPF. No increment this year." Are we really richer? The ChengHu is for sure.