(AW)Ceiling •VoluntaryCPFContribution(VC)Limit REFUNDOFCPFCONTRIBUTIONSPAID •RefundofCPFContributionsPaidinExcess •RefundofCPFContributionsPaidinError ENFORCEMENTOFCPFCONTRIBUTIONS •Enforcement •Industrysurveys •Interestonlatepayment AGENCYSERVICES •CollectionofLevies,FundsandDonations •Refundof...
Maximum Limit for Special Account Top Up Again, SA does not have an account limit. But there is a limit to voluntary cash top-ups to SA transfers from OA to SA The cap on SA top-up/transfers is up to the point where: your total SA balance reaches the prevailingFull Retirement Sum (...
However, voluntary contributions can also be made to individual CPF accounts. The voluntary contributions will be distributed and credited to the MediSave, Special and Ordinary accounts based on the allocation rates expressed on the CPF website. CPF’s contribution rates are the percentage of wages...
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 ...
You can only top up via voluntary contributions as an EE to a total of 37740. 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 ...