MINISTRY OF FINANCEEmployer contribution rates to the Medisave Account (MA) will be increased by 1 percentage point to help workers save for their future healthcare expenses. MA contribution rates will also be raised by 1 percentage point for self- employed persons with annual net trade income1...
The contribution rate of employers will vary according to the age of the employee. The CPF Contribution Rates are present in the table below: Employee Age (Years)CPF Contribution Rates (for monthly wages ≥ $750) Employer (% of wage) Employee (% of wage) Total (% of wage) 55 and bel...
To calculate the amount of CPF contribution, just simply refer to the above table for the contribution rate that you have to pay according to the age group that you fall into, and multiply the percentage with the employees' wage. The amount of CPF contribution is capped at SGD...
However your bonuses are not considered ordinary wages and are liable for both EE and ER CPF at the prevailing rate for your age group. You either need to be self employed to beat this cap or come to an agreement with your employer to pay mors as a bonus rather than ordinary wages. I...
To calculate the amount of CPF contribution, just simply refer to the above table for the contribution rate that you have to pay according to the age group that you fall into, and multiply the percentage with the employees' wage. The amount of CPF contribution is capped at SGD6,000...
The SMB and HML factors for non-US based funds are constructed from stock market data to exclude the contribution of the size effect and the BE/ME effect. The results show that volatility timing is one of the factors contributing to the excess return of funds. However, funds’ volatility-...