Search results
Jan 1, 2024 · How much CPF contributions to pay. 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.
CPF Contribution Rate Table from 1 January 2022 for Singapore Permanent Residents (SPR) during 2 nd year of SPR status under Full Employer & Graduated Employee contribution rates (F/G)
Jan 10, 2024 · Employers contribute up to 17% of their workers’ salaries to their CPF accounts. In addition, employees also contribute up to 20% of their salaries in employer’s CPF contributions. This is how companies here play their part in building a safety net for Singapore workers in their old age.
Mar 14, 2024 · Employment practices Central Provident Fund. Employer's CPF contributions. As an employer, you are required to make CPF contributions at the monthly rates stated in the CPF Act. You can recover your employee's share of the contribution by deducting it from their wages. Employees who require CPF contributions.
May 29, 2024 · How do CPF contributions work? CPF contributions and allocations. What is the CPF Annual Limit? The 4 CPF accounts and their uses. The CPF interest rates. Conclusion. Looking to grow your savings quicker? Consider a low-risk short-term endowment. SingSaver's Exclusive Offer: Open a CMC Invest account and receive a S$20 cash via PayNow.
Feb 14, 2024 · Last updated 14 February, 2024. The CPF Board is raising the contribution ceiling progressively until 2026. What’s the reason behind this change, and how does it affect you? Salaried employees are accustomed to having a portion of their monthly salaries diverted to their CPF accounts.
Mar 14, 2024 · The Central Provident Fund (CPF) is a mandatory social security savings scheme funded by contributions from employers and employees. Find out about CPF, who is entitled to CPF contributions and what employers need to do.
May 7, 2021 · 8 minute read. CPF stands for Central Provident Fund. The CPF is the government backed insurance system which allows working Singaporean citizens and permanent residents to save for their retirement, as well as for other planned and emergency expenses including housing and healthcare.
The CPF contribution rates are stated as a percentage of wages. The percentage point figures in parentheses refer to the increase in CPF contribution rates from 1 January 2023, compared to current levels. More information.
