, Singapore

CPF contribution rate will increase to 36% in 2011

Employer CPF contribution rate will be raised by 0.5 percentage points.

According to Budget 2011, the CPF salary ceiling will be revised from $4,500 to $5,000 per month to keep pace with income growth in recent years.

Both changes in contribution rate and salary ceiling will take effect in September 2011, to give employers sufficient time to adjust to the changes.

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A NOTE FROM SINGAPORE BUSINESS REVIEW

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We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.