Organization : Central Provident Fund Board
Facility : CPF Contribution for Employees
Country : Singapore
Website : https://www.cpf.gov.sg/Employers
Details Here : https://www.cpf.gov.sg/member
CPF Contribution for Employees
Your employer is required to pay your CPF contributions every month if you earn more than $50 per month. He/she is entitled to recover the employee’s share from your wages if you earn more than $500 per month.
Related : CPF Check Your Direct Debit Authorisation/ GIRO Application Status Singapore : www.statusin.org/40449.html
CPF contributions are payable for Singapore Citizens (SC) and Singapore Permanent Residents (SPR) who are :
** working in Singapore under a Contract of Service; and
** employed under a permanent, part-time or casual basis.
However, if you are a SC or SPR working overseas, CPF contributions are not mandatory.
CPF Contribution Calculator
This calculator computes the CPF contributions payable for employees who are Singapore Citizens or Singapore Permanent Residents (SPR) from their 3rd year of obtaining SPR status.
If you are an employer, CPF e-Submit@web auto-computes your employee’s CPF contributions. You do not have to use this calculator. CPF e-Submit@web is reliable, easy to use and it saves time!
Important Notes :
** The calculator is updated with rates effective from January 2016.
** Click to calculate CPF contributions for 1st and 2nd year Singapore Permanent Residents.
** Click to calculate the annual Additional Wage (AW) Ceiling. The AW Ceiling sets the maximum amount of AW on which CPF is payable for the year.
** Please read the Disclaimer before proceeding further.
** All fields marked with are mandatory.
Simply follow the step-by-step instructions given below :
Step 1 : Please select one of the employee groups
Step 2 : Please select your month and year of birth
Step 3 : Please select your month and year of contribution
Step 4 : Please fill in your wages. For more information, please refer to the definition of wages and its classification into Ordinary and Additional Wages.
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Why do I need to check my CPF statement?
Although your employer is responsible for making CPF contributions every month, it is a good habit to check if the contribution amount is correct. You may also check your monthly payslip to ensure that the deduction for the employee’s share is correct.
Employers are given 14 days after the end of each month to pay the contributions. Thereafter, depending on the mode of submission, it may take three to seven working days to credit the amount to your CPF accounts.
This means that you can check your CPF statement from the third week of the month. If you spot any errors, do check with your employer(s).
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What if I am an employee for more than one company?
If you are concurrently employed by more than one employer and your total monthly wages exceed the current OW Ceiling, you may apply to limit your share of CPF contributions from each employer.
Please email us with the following information :
** the amount of OW from each employer;
** the employee’s share of CPF contributions; and
** the amount of CPF contributions to be paid through each employer.
There will be no change to your employers’ share.
Frequently Asked Questions
1. How do I pay CPF contributions?
As an employee, you need not do anything as your employer is required to pay the employer’s and employee’s share of CPF contributions to CPF Board on a monthly basis. Your employer would recover the employee’s share of CPF contributions from your wages.
2. What is the minimum age to qualify for CPF contributions?
As long as the employees are Singapore Citizens or Singapore Permanent Residents and are employed in Singapore under a contract of service, they are required to pay CPF contributions.
3. What is the Ordinary Wage (OW) Ceiling?
The Ordinary Wage (OW) Ceiling sets the maximum amount of OWs on which CPF contributions are payable per month. The prevailing OW Ceiling is $6,000 per month.