The increased contribution will be credited to the employees’ Special Account (including those above 55 years of age).
Currently CPF contribution is capped at $4.5k (known as Ordinary Wage (OW) Ceiling).
From 1-Sep-11, OW ceiling will be up to $5k.
Wednesday, July 27, 2011
CPF Contribution and Allocation Rates
From 1-Sep-11, the employers’ CPF contribution rate will be increased by 0.5%.
The increased contribution will be credited to the employees’ Special Account (including those above 55 years of age).
Currently CPF contribution is capped at $4.5k (known as Ordinary Wage (OW) Ceiling).
From 1-Sep-11, OW ceiling will be up to $5k.
The increased contribution will be credited to the employees’ Special Account (including those above 55 years of age).
Currently CPF contribution is capped at $4.5k (known as Ordinary Wage (OW) Ceiling).
From 1-Sep-11, OW ceiling will be up to $5k.
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