Contributions to the retirement account originate from both the employee and the employer. There are three types of CPF accounts: ordinary, special, and medisave accounts. The Central Provident ...

About 1.75 per cent of active employers fail to make correct CPF contributions promptly each month. (PHOTO: Yahoo News Singapore) SINGAPORE — An average of about 2,800 employers per month – or 1.75 ...

The cut in employers’ Central Provident Fund (CPF) contribution rate for workers at the age of 50 should be pushed back further, the National Trade Union Congress (NTUC) said. Leading this call ...

SINGAPORE: Singaporeans and most permanent residents may see a smaller take-home pay from September, with the Central Provident Fund (CPF) monthly salary ceiling rising by S$300 (US$222) to S$6,300.

Employees aged 55 and below contribute 20 per cent of their wages to their CPF, while their employers contribute 17 per cent of these employees’ wages. This formula remains unchanged ...

CPF also ensures that the home ownership rate in Singapore continues to be relatively high, since it can only be used to pay for home purchases and not rent. For salaried employees who are ...

SINGAPORE: The Central Provident Fund (CPF) Board announced that since the end of April, it has only been using a single ...

Currently at S$6,000, the ceiling – which sets out the maximum amount of “ordinary wages” on which employee and employer CPF contributions are calculated – will be raised to S$8,000 in ...

Back to top These are applicable to your employees who are Singapore Citizens/Singapore PRs and earn more than $50 per month.

The Singapore government has introduced significant changes to the Central Provident Fund (CPF) in 2025 to help Singaporeans manage their finances more effectively. These changes aim to strengthen the ...