A CPF annual salary ceiling of SGD102,000 is applied to Total Wages (TW), the sum of Ordinary Wages (OW) and Additional Wages (AW), which limits the payable amount of CPF contributions. During the presentation of Singapore's 2023 budget, the Deputy Prime Minister, Lawrence Wong, announced...
Example: Annual bonus, Leave pay, Commission. CPF contributions payable on Additional Wages are capped at $102,000 minus the total ordinary wages subject to CPF (for that year). This Additional Wage ceiling is applied anew for each new employer in a year. What Is the CPF Contribution Cap...
I first started working here at age 24, earning well under the CPF wage ceiling — the whopping 20% employee contribution was a key factor in my not pursuing PR. If I could have used it to pay for housing, that would have been different. But I was unmarried and didn’t have the ...
A CPF annual salary ceiling of SGD102,000 is applied to Total Wages (TW), the sum of Ordinary Wages (OW) and Additional Wages (AW), which limits the payable amount of CPF contributions. During the presentation of Singapore's 2023 budget, the Deputy Prime Minister, Lawrence Wong, announced...
A CPF annual salary ceiling of SGD102,000 is applied to Total Wages (TW), the sum of Ordinary Wages (OW) and Additional Wages (AW), which limits the payable amount of CPF contributions. During the presentation of Singapore's 2023 budget, the Deputy Prime Minister, Lawrence Wong, announced...