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Employees who belong to the Chinese community and are Singapore citizens or permanent residents should contribute to the CDAC fund. The monthly contribution rates range from $0.50 to $3 for total wages of $2,000 or less, and increase by $0.50 for each $2,000 increment.
Learn how to deduct CDAC contributions from your employees' salaries based on their wage levels and race/religion. Find out how to opt out, refund, or pro-rate the contributions for different scenarios.
Jan 15, 2024 · Learn how much you have to contribute to CDAC and other donation funds in 2024 based on your monthly wages. Find out the history and significance of these funds that support the Chinese community in Singapore.
- 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!
Learn how to calculate your CDAC contribution to your CPF account based on your gross wages. Find out the latest CDAC contribution rates for 2024 and how to check them online.
Sep 12, 2024 · Find out how much Chinese employees have to contribute to CDAC Fund based on their salaries and race in 2024. Compare with other Self-Help Groups (SHGs) and SHARE schemes for different ethnic groups in Singapore.
Find the rates of contribution to the Community Fund (CDAC) for employees' monthly wages from 1992 to 2015. The contribution rates vary depending on the wage range and the calendar month.
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.
