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Learn how to deduct CDAC Fund contributions from your employees' wages if they belong to the Chinese community. See the monthly contribution rates based on the employees' total wages and how to pay them to the CPF Board.
CDAC is a non-profit self-help group for the Chinese community in Singapore. It provides funding for various programmes and activities for different races and religions, including Chinese-Indian, Chinese-Eurasian, Chinese-Muslim and more.
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.
Jan 15, 2024 · In this comprehensive article, we will not only provide you with the updated ECF, SINDA, CDAC, and MBMF contribution rates for the year 2024 but also delve deeper into the history and significance of these funds.
- What Is CDAC’s Contribution?
- How Much to Contribute to CDAC?
- How to Check CDAC Contribution?
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The Chinese Development Assistance Council (CDAC) is a self-help group that provides assistance to the Chinese community in Singapore. The CDAC contribution is a mandatory payment that is deducted from the employee’s CPF contribution. The CDAC contribution is used to support the various programs and initiatives run by the CDAC.
Here is a table for easy reference. The amount is capped at each wage tier. Note this information is effective 1 January 2015:
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 Calculatorto calculate both your CPF contribution & statutory donations!
CDAC is a self-help group that supports the Chinese community in Singapore. Learn how to calculate and check your CDAC contribution to your CPF account based on your gross wages and the wage tiers.
Apr 26, 2024 · CDAC is one of the four Self-Help Groups (SHGs) in Singapore that help the less privileged and low-income households. Employees who are Chinese Singaporeans or PRs contribute to CDAC based on their monthly wages and race.
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.
