Search results
CTO is a wage offset scheme that helps employers cope with the increase in CPF contribution rates for workers aged 55 to 70. Employers will receive up to 50% of the annual increase in employer CPF contributions, based on employees' monthly incomes paid up to the CPF salary ceiling.
Mar 22, 2024 · Learn about the enhancements to CPF in 2024, including the Majulah Package, the CPF contribution rate increase for senior workers, and the CPF Transition Offset extension. Find out how these changes will affect your retirement adequacy and savings.
The CPF Transition Offset is a one-year subsidy for employers to offset the increase in CPF contribution rates for workers aged above 55 to 70. It is provided automatically for the 2022 and 2023 increases, which are part of the gradual raise of CPF rates over this decade.
Feb 20, 2024 · Learn how the CPF Transition Offset scheme helps businesses cope with the higher CPF contribution rates for workers aged 55 to 70 from 2025. Find out the current and target CPF rates, the payout timeline and the eligibility criteria for the scheme.
Dec 13, 2023 · Learn how the CPF Transition Offset (CTO) can help employers cope with the increase in CPF contribution rates for senior workers from 1 January 2023. Find out the eligibility criteria, offset amount and application process for CTO.
This Digital Service allows you to check payout eligibility or request for payout breakdown by qualifying employees for Senior Employment Credit (SEC), Enabling Employment Credit (EEC) or CPF Transition Offset (CTO), based on the UEN or NRIC/FIN number that you have registered with CPFB in making CPF contributions to your employees.
Feb 16, 2024 · A one-year CPF Transition Offset equivalent to half of the 2025 increase in employer CPF contributions will be provided to employers to cushion the impact on business cost. This will be provided automatically and employers need not apply for the offset.
