Cpf Ordinary Wage Ceiling
Cpf contribution for employees pyour employer is required to pay your cpf contributions every month if you earn more than 50 per month.
Cpf ordinary wage ceiling. 85000 total ordinary wages subject to cpf for the year the aw ceiling for 2016 onwards is 102000 total ordinary wages subject to cpf for the year if the aw is paid during the current year use preceding yearprojected current years wage records to help you estimate the aw ceiling. Additional wage aw ceiling the aw ceiling determines the maximum amount of aw subject to cpf contributions for the year. The ceiling applies to all singapore citizens and singapore permanent residents spr. Ordinary wages ow are wages duegranted wholly and exclusively for your employment in a month and are payable before the due date for payment of cpf contributions for that month.
An employees aw ceiling is computed on a per employer per year basis. To keep pace with income growth over the years the ordinary wage ow ceiling will be increased from 5000 to 6000 per month. Cpf ordinary wage ceiling. This would be your monthly salary which may include items such as transport allowances and overtime payment.
Cpf contribution for employees. 102000 total ordinary wages. Aw ceiling calculation the aw ceiling is computed using the following formula. The additional wage ceiling will be increased accordingly to 102000 less total ordinary wage subject to cpf for the year ii raising cpf contribution rates for older worker the cpf contribution rates for workers aged 50 to 65 will be increased from 1 jan 2016 per table below.
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