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CPF Contribution Rate Table from 1 January 2024 for Singapore Citizens or Singapore Permanent Residents (3rd year onwards) Notes:
Jan 1, 2024 · 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.
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.
Apr 15, 2024 · Complete Guide To Your CPF Contributions In Singapore (2024): Salary Caps, Contribution Rates And Allocation Rates. Here’s how much you are contributing to your CPF accounts, at every income level and age group.
Jan 1, 2024 · The changes to the CPF contribution rates from 1 January 2024 are shown below: For employees earning monthly wages exceeding $750. (a) The increase in the CPF contribution rates is fully allocated to the Special Account to help senior workers save more for retirement.
Sep 1, 2010 · How much CPF contributions to pay. Past CPF contribution and allocation rates. Find details of past CPF contribution and allocation rates here. From 1 September 2023 to 31 December 2023. From 1 January 2023 to 31 August 2023. From 1 January 2022 to 31 December 2022. From 1 January 2016 to 31 December 2021. From 1 January 2015 to 31 December 2015.
These rates are also applicable to 1st and 2nd year Singapore Permanent Resident (SPR) employees and their employers after CPF Board approves their joint application to contribute to CPF at full employer- full employee rates. for Singapore Permanent Residents (SPR) during 1st year of SPR status under Graduated contribution rates (G/G) Notes:
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.
Oct 2, 2023 · CPF Contribution Rates Increase: 1 January 2024. Author: Fareed Hassiem. October 02, 2023 1 minute read. Phase 3 of the increase to CPF contribution rates for senior workers will take effect from 1 January 2024. In this blog post, we’ll walk you through the expected changes.
From 1 st January 2024, the CPF monthly salary ceiling has been raised to SS$6,800. It will go up to S$7,400 from 1 st January 2025 and S$8,000 from 1 st January 2026. Apart from the CPF monthly salary ceiling, there is also the CPF annual salary ceiling which sets the maximum amount of wages that would attract CPF contributions.
