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CPF Contribution Rate Table from 1 January 2024 for Singapore Citizens or Singapore Permanent Residents (3rd year onwards) Notes:
Jan 1, 2024 · CPF contributions are payable to employees who are Singapore Citizens and Singapore Permanent Residents (SPRs) at current CPF contribution rates. Learn how to calculate the amount of CPF contributions you need to pay. Updates on 1 April 2024.
This calculator has been updated to include rates applicable from January 2024. If you are an employer using CPF EZPay to submit and pay CPF contributions, you do not have to use this tool. CPF EZPay auto-computes employee CPF contributions for you.
Apr 15, 2024 · Complete Guide To Your CPF Contributions In Singapore (2024): Salary Caps, Contribution Rates And Allocation Rates. Here’s how much you are contributing to your CPF accounts, at every income level and age group.
CPF Contribution Rate Table from 1 January 2024 for Singapore Permanent Residents (SPR) during 1 st year of SPR status under Graduated contribution rates (G/G)
Jan 10, 2024 · From 1 January 2024 onwards, employers may have to make more CPF contributions for their employees as the monthly salary ceiling rises to $6,800 per month. The monthly salary ceiling is also slated to rise to $8,000 in 2026. There is no change to the Annual CPF Limit though – which remains at $37,740.
Jan 21, 2024 · Assuming a worker earns $6,800, their employers will now need to contribute $1,156, or about $136 more a month. By January 2026, when the salary ceiling reaches S$8,000, the employer’s contribution for such an employee will increase to S$1,360 – an additional S$340 compared to the previous system.
