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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.
Jan 1, 2016 · To keep pace with rising wages and strengthen retirement adequacy, the Ordinary Wage ceiling and contribution rates will be raised from 1 Jan 2025.
To compute CPF contributions, use the CPF contribution calculator (cpf.gov.sg/employer > Tools and services > Calculators > CPF contribution calculator). These rates are also applicable to 1st and 2nd year Singapore Permanent Resident (SPR) employees and their employers after CPF Board approves their joint application to contribute to CPF at ...
Apr 15, 2024 · Our Ordinary Wage (OW) is our monthly salary, and CPF contributions on it are subjected to a monthly salary cap of $6,800 now. As highlighted, this will gradually rise to $8,000 per month in 2026. Put simply, if we earn $6,800 and below today, we make contributions as highlighted above.
Sep 1, 2010 · 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. From 1 January 2015 to 31 December 2015. From 1 January 2014 to 31 December 2014.
Feb 27, 2024 · To find out exactly how much will go into you or your employee’s CPF, you can view this comprehensive CPF Contribution Rate table or use this CPF contribution calculator.
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.
The next increase in senior worker CPF contribution rates will take place on 1 January 2023, as shown in Table 2. As with the first increase, this increase will be fully allocated to the Special Account to help senior workers save more for retirement.
The current Ordinary Wage ceiling for CPF contributions, which was last revised in 2016, is capped at $6,000 per month. While the maximum annual CPF contributions for all wages received, which include Additional Wages like performance bonuses, have a ceiling limit of $102,000.
May 7, 2021 · In this guide we cover everything you need to know about CPF contribution rate: How it works, PR rates, CPF Calculators, Interest rates and more
