Learn how CPF contributions work for employees and employers in Singapore, who is eligible, what payments and leaves are covered, and how to calculate the rates. Find out the CPF contribution rates for different age groups, sectors, and wages from 2024.
Both employees and employers make CPF contributions on your salary. How much is contributed to your CPF depends on your income and age group.
The Central Provident Fund (CPF) is a compulsory savings plan introduced by the Singapore government in 1955. It is designed to help Singapore Citizens and Permanent Residents set aside funds for retirement, housing, and healthcare. Both employers and employees are legally required to make monthly CPF contributions based on the employee’s wages. In this guide, we will walk you through the ...
If you are an employee and are a Singaporean or Singapore permanent resident, you are entitled to CPF contributions from your employer.
Learn everything about Singapore CPF contribution in 2025. This guide helps employees calculate CPF accurately, understand rates by age, and use CPF for smart investments and retirement planning.
The CPF contributions for a 57-year-old employee who earned S$5,000 in January 2025 are calculated as follows: CPF Contribution Rate for Permanent Residents (PR) For 1st year PRs with a monthly salary of S$750 or above, their contribution rates differ by age, as follows:
CPF Employer Contribution Rates: Understand your obligations with our comprehensive guide. Learn about calculation methods, legal requirements, and how to maximize your CPF contributions for your employees.
As an employee, your employer is required to make CPF contributions for you. This helps you save for retirement, housing, and healthcare needs. Find out more about your CPF rights.
Companies that hire employees in Singapore are mandated by law to make Central Provident Fund (CPF) contributions to their employees. If you are an employer looking for information on CPF contributions and how to do so for your employees, this blog post is a handy guide. What Is CPF Contribution?
Central Provident Fund (CPF) contributions are crucial to every Singaporean employee's compensation and financial planning. With new CPF policies and trends emerging in 2024, it's important to have an ultimate guide to help you navigate and maximize your CPF. This comprehensive blog post will provide insider tips to ensure you align your CPF with your financial goals this year. By the end, you ...
CPF stands for Central Provident Fund, a social security savings plan in Singapore introduced in 1955. It requires employees to contribute a portion of their salaries, which the employer matches, to fund their retirement, healthcare, and housing needs.
The Central Provident Fund (CPF) is an essential part of Singapore’s social security system, requiring contributions from both employers and employees. Understanding how CPF contributions are calculated helps you plan your finances, verify your payslips, and make informed decisions. This guide details the CPF calculation process, including contribution rates, allocation across accounts, and ...
Understand Singapore CPF contribution rates, investment options, and tax relief benefits. Learn how to optimize CPF savings, maximize interest, and plan for a secure retirement.
What is CPF? The CPF is a mandatory savings scheme funded by contributions from both employers and employees. It ensures that individuals have a secure financial future by providing for retirement, medical, and housing needs. Employer and Employee Contributions Employers are required to make monthly CPF contributions for their Singaporean and PR employees who earn more than $50 per month ...
If you have 10 or fewer employees and would like to submit your CPF contributions on-the-go, you can do so using CPF EZPay Mobile. Simply download the app on your mobile phone to get started.
Explore the full details of Singapore CPF Contribution 2025, including employer & employee obligations, rates, and payment methods for compliance.
With the increase in the CPF contribution ceiling to $7,400 in 2025, the maximum employer CPF contribution will now rise to $1,258 (17% * $7,400), representing an increase of up to $102 per employee. This change primarily affects employees earning more than $6,800 per month.
Find out how you can make CPF contributions correctly and promptly, using CPF EZPay and EZPay Mobile.
Contribution rates for both platform workers and platform operators will continue to rise incrementally until 2029, when they will match contribution levels of employees and employers. As CPF savings play an important role in meeting retirement and housing needs, platform workers born before 1995 may also opt in for higher contributions.
