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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 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.
Jan 1, 2016 · 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.
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 full employer- full employee rates.
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.
Oct 2, 2023 · A more detailed breakdown of the rates applicable from 1 January 2024 can be viewed on the official CPF Contribution rate table. Effect on the “CPF at Higher Rates” System Item. SimplePay allows you to set whether an employer and/or employee have elected to contribute to the full CPF amount due, even during the first two years of being a PR ...
