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Table 1CPF Contribution Rate Table from 1 January 2024 for Singapore Citizens or Singapore Permanent Residents (3rd year. bution:Compute the total CPF contribution (rounded to the nearest dollar), i.e., to be rounded down for an amount less than 50 cents and rounded up for an amount of 50 cents an.
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.
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)
You may refer to the complete CPF contribution rate tables from 1 January 2025 (Tables 1 to 5) (PDF, 0.17 MB) for more details. To keep pace with rising wages and strengthen retirement adequacy, the Ordinary Wage ceiling and contribution rates will be raised from 1 Jan 2025.
Employer obligations. How much CPF contributions to pay. Past CPF contribution and allocation rates. Find details of past CPF contribution and allocation rates here. From 1 September 2023 to 31 December 2023. From 1 January 2023 to 31 August 2023. From 1 January 2022 to 31 December 2022. From 1 January 2016 to 31 December 2021.
CPF Contribution Rate Table from 1 January 2022 for Singapore Permanent Residents (SPR) during 2 nd year of SPR status under Graduated contribution rates (G/G)
Sep 1, 2023 · Increase in CPF Contribution Rates from 1 January 2024 CPF contribution rates for senior workers were raised in 2022 and 2023. Following the Singapore Budget for 2023, the government plans to increase contribution rates for employees aged above 55 to 70 further to strengthen their retirement adequacy.
Jan 1, 2024 · The changes in CPF contribution rates for Singapore Citizens and Singapore Permanent Residents (from third year and onwards) took effect from 1 January 2024. There is no change to the CPF contribution rates for other age groups. Find out more about the revised CPF contribution rates. This information provided here is sourced from the CPF website.
We reached the target contribution rates for senior workers aged above 65 to 70 in 2024. The next increase in senior workers’ CPF contribution rates for workers aged above 55 to 65 will take place on 1 January 2025, as shown in Table 2.
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.
