There will also be no changes to the current Additional Wage ceiling and CPF Annual Limit, which will remain at SGD 102,000 and SGD 37,740, respectively. To simplify the new changes, here is an overview of the 2025 CPF contribution rate tables:...
It is a CPF contribution cap on additional wage types, like bonuses. The formula for Additional Wage Ceiling:$102,000 – Ordinary Wages, which is subject to CPF for that year. Example: Addie earns = $7,500/month,Annual Bonus = $15,000How the Calculation works:Ordinary Wage: The first ...
FULLEMPLOYER&GRADUATEDEMPLOYEECONTRIBUTIONRATES (FROM1SEPTEMBER2010TO28FEBRUARY2011)FORSINGAPORE PERMANENTRESIDENTS(SPR)DURING2ndYEAROFOBTAININGSPR STATUS CALCULATINGADDITIONALWAGE(AW)CEILING PAYINGCPFONBONUSES YOUROBLIGATIONSASANEMPLOYER DefinitionofanEmployer Anemployerisanyperson,company,associationorbodyofpersons,whet...
The CPF contribution rates for workers aged above 50 years to 65 years will be increased from 1 January 2015 as shown in Table 1 below. This will be on top of the 1 percentage point increase in MA contribution rates.Table 1: Increase in CPF Contribution Rates for Older Workers* Above 50...
CENTRALPROVIDENTFUND（CPF）,SINGAPORE SINGAPORE 1.0BACKGROUND The Central Provident Fund (CPF) was established in 1955 as a compulsory social security savings scheme to provide financial security for workers in their retirement or when they were no longer able to work. Over the years, it has ...
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 ...
There will also be no changes to the current Additional Wage ceiling and CPF Annual Limit, which will remain at SGD 102,000 and SGD 37,740, respectively. To simplify the new changes, here is an overview of the 2025 CPF contribution rate tables:...
There will also be no changes to the current Additional Wage ceiling and CPF Annual Limit, which will remain at SGD 102,000 and SGD 37,740, respectively. To simplify the new changes, here is an overview of the 2025 CPF contribution rate tables:...