Higher GST, lower pre-school fees and CPF tweaks: eight policy changes from Jan 1 in Singapore

The changes range from a higher GST rate to increased CPF contributions for older workers. - The Straits Times/ANN

SINGAPORE, Jan 1 (The Straits Times/ANN): By now, Singaporeans will be aware of the goods and services tax (GST) rate increase that kicks in with the new year. But that is just one of a number of changes – ranging from taxes on low-value imported goods to Central Provident Fund (CPF) contributions for older workers – that take effect from Jan 1.

The Straits Times looks at eight policy changes to take note of: