Higher CPF Monthly Salary Ceiling Announced in Singapore Singapore announces a higher CPF monthly salary ceiling in its Budget 2023. The current salary ceiling sits at S$6,000 and will be raised in stages to S$8,000 by 2026. The first increase will commence 1 September this year to the sum of S$6,300. The next increase will…
Higher S Pass or Work Permit Quotas for Firms That Drive Singapore’s Growth Under the Manpower for Strategic Economic Priorities (M-SEP) scheme, firms that drive Singapore’s growth can apply for more work permits. This includes the S Pass work permit. If your company helps advance Singapore’s key economic priorities, you will be granted temporary allowance…
Employees Will Be Encouraged to Upskill When More SkillsFuture Funding Is Available Employees in Singapore will be encouraged to upskill themselves when more SkillsFuture funding is available. Experts believe that tax reliefs and subsidised salaries are the way to incentivise employers. The benefit works both ways. With more employees picking up courses that will be…
Parliament In Talks About How Singaporean Workers Will Benefit from New Singapore Work Pass Singapore is planning to introduce the new work pass next year. The work pass is aimed at some of the world’s top foreign talent. The question on the table is how best to track the progress of these pass holders. How…
New Work Pass to Launch in Singapore, Hoping to Attract Top Global Talent Applications will commence on 1 January 2023. To be eligible for this work pass, applicants will need to fulfill certain criteria. Among the criteria is a fixed monthly income of at least $30k or more. This criterion is comparable to what the…
Foreign Workers Return As Singapore Opens Borders Thanks to the foreign labour increase in 2022’s second quarter, employment in Singapore is on the rise. Foreign workers are able to return once more as the Government relaxes its border restrictions. There was a strong rebound in non-resident (and resident) employment between April and June this year. …