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Jun 1, 2024 · Employees can check their CDAC contribution by logging in to their CPF account on the CPF website. The CDAC contribution will be reflected in the monthly CPF contributions. Instead of manually calculating your CPF contributions every month, you can use SBO’s Free CPF Calculator to calculate both your CPF contribution & statutory donations!
Contributions to other SHGs are based on the employee’s race indicated on the NRIC. For employees with double-barrelled race, you can refer to the first component of the double-barrelled race to determine which SHG fund your employee should contribute to. See examples. Payment matters.
The CDAC Fund is used to fund CDAC’s programmes and assistance schemes to help students, workers and families from lower-income groups to overcome their challenges in order to attain social mobility.
The Chinese Development Assistance Council (CDAC) is a self-help group (SHG) serving underprivileged individuals and families in the Chinese community. From 1 September 1992, all working Chinese Singapore Citizens and Permanent Residents contribute monthly to the CDAC Fund in accordance to their wage levels.
Apr 26, 2024 · CDAC offers programmes and assistance schemes to help the less privileged in the community to maximise their potential and enable social mobility. Contributions for the CDAC Fund are collected from Chinese employees who are Singaporeans and PRs.
CDAC is a non-profit self-help group for the Chinese community. We offer programmes and assistance schemes to help the less privileged in the community maximise their potential and strive for social mobility through self-help and mutual support. Learn more.
This free CPF calculator is designed to help you compute monthly salary with all necessary contributions such as CDAC, MBMF, SINDA, ECF, SDL and CPF. Features for further consideration such as aws, age groups, pro-rated salaries, PR status are available too.
