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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. If the employee's total wage for the calendar year exceeds $102,000, use the Additional Wage (AW ...
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. If the employee's total wage for the calendar year exceeds $102,000, use the Additional Wage (AW ...
Jan 1, 2024 · As an employer, you are entitled to recover the employee’s share of the mandatory CPF contributions if your employees are earning more than $500 per month. All you have to do is deduct the amount from the employee’s wages after making the CPF contributions for that particular month.
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.
Apr 1, 2024 · Employees. Under the CPF Act, an employee is defined as: A Singapore Citizen who is employed under a contract of service or other agreement entered into in Singapore as a master, seaman, or apprentice in any vessel. If you’re a Singapore Citizen or Permanent Resident employee earning total wages of more than $50 per month, your employer must ...
Ordinary Wage ceiling. The Ordinary Wage (OW) ceiling limits the amount of OW that attract CPF contributions in a calendar month for all employees. It will be gradually raised to $8,000 by 2026. Information on past OW ceilings can be found in the CPF contribution rate tables. View table.
Aug 18, 2023 · Making CPF Contributions. CPF contribution calculator. CPF contribution allocation calculator. Additional Wage ceiling calculator.
