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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 · CPF Contribution Changes from 1 January 2025. 1. Increase in CPF Ordinary Wage ceiling from 1 January 2025. (a) The CPF Ordinary Wage (OW) ceiling limits the amount of OW that attract CPF contributions in a calendar month for all employees. The OW ceiling will be raised to $8,000 by 2026.
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 · Here’s how much you are contributing to your CPF accounts, at every income level and age group. Our CPF is a mandatory savings scheme that forces us to save a portion of our salary to pay for important expenses in our lives, including buying a home, medical treatments and a basic retirement when the time comes.
Please select the type of user to login. For UEN-registered entities. Singpass login. For individuals trading under own name. Singpass login.
Jan 10, 2024 · Employers are encouraged to make CPF contributions via the CPF e-Submit@web portal, using their SingPass/CorpPass. Auto-computations of CPF contributions for employers’ and employee’s share, as well as contribution amounts based on changes in employees’ age group and residential status.
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.
May 29, 2024 · How do CPF contributions work? Under the scheme, employees earning more than S$500 per month have to contribute a portion of their salary to their CPF account. The rates of contribution vary according to age bands, slowly reducing from age 55 onwards.
Mar 14, 2024 · The CPF is a mandatory social security savings scheme funded by contributions from employers and employees. The CPF is a key pillar of Singapore’s social security system, and serves to meet our retirement, housing and healthcare needs.
Feb 27, 2024 · All you need to know about CPF accounts in Singapore: CPF Contribution Rates, CPF Minimum Sum, CPF LIFE, CPF Retirement Sums & CPF Contribution Cap.
