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 ...

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 ...

DPM Lawrence Wong said in his Budget speech today (Feb 14) that the government will align the CPF contribution rates of platform workers and companies with those of employees and employers over five ...

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.

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 ...

Of the total sum recovered last year, S$9.4 million was from 4,000 companies which underpaid or did not pay CPF to more than 11,000 employees. The remaining amount was recovered, on behalf of ...

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 ...

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

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

THE Central Provident Fund (CPF) Board is implementing several changes next year to ensure the CPF system remains relevant, and to help members build up their savings. On Monday (Dec 16), the board ...