Is there a maximum cap on Central Provident Fund (CPF)?

Maximum amount of Central Provident Fund  (CPF) payable is based on a monthly salary ceiling of $5,000 for OW. Maximum amount of AW on which CPF is payable is computed using a formula.

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Do I have to pay the salary and CPF of the Nominee Director? Do foreign employees need to contribute to the CPF fund? Can I use my Central Provident Fund (CPF) for owning a property? When is Central Provident Fund (CPF) required to be paid?