CENTRAL PROVIDENT FUND & SKILL DEVELOPMENT LEVY

SINGAPORE CENTRAL PROVIDENT FUND (CPF) AND SKILL DEVELOPMENT LEVY (SDL)
The Central Provident Fund or CPF is a compulsory pension fund scheme in which the employer and employee contribute a percentage of the monthly salary to the fund. CPF contribution by the employer is mandatory for all local employees who are Singapore citizens or permanent residents earning more than S$50 a month. The maximum CPF contribution rate for employer and employee is 14.5% and 20% respectively and can be lower depending on certain factors such as employee age and permanent resident status. Employment pass holders do not have to contribute to CPF. 1st year PR 2nd year PR 3rd year onwards PR and Singapore citizen
Before 1 Sep 2010 From 1 Sep 2010 to 28 Feb 2011 With effect from 1 Mar 2011 With effect from 1 Sep 2011

(A) Employees age 50 years and below Employee Employer Total Employee Employer Total Employee Employer Total Employee Employer Total Employee Employer Total 5.00% 4.00% 9.00% 5.00% 4.00% 9.00% 5.00% 4.00% 9.00% 5.00% 3.50% 8.50% 5.00% 3.50% 8.50% 15.00% 9.00% 24.00% 15.00% 9.00% 24.00% 12.50% 6.00% 18.50% 7.50% 3.50% 11.00% 5.00% 3.50% 8.50% 20.00% 14.50% 34.50% 18.00% 10.50% 28.50% 12.50% 7.50% 20.00% 7.50% 5.00% 12.50% 5.00% 5.00% 10.00% 20.00% 15.00% 35.00% 18.00% 11.00% 29.00% 12.50% 8.00% 20.50% 7.50% 5.50% 12.50% 5.00% 5.00% 10.00% 20.00% 15.50% 35.50% 18.00% 11.50% 29.50% 12.50% 8.50% 21.00% 7.50% 6.00% 13.50% 5.00% 6.00% 11.00% 20.00% 16.00% 36.00% 18.00% 12.00% 30.00% 12.50% 9.00% 21.50% 7.50% 6.50% 14.00% 5.00% 6.50% 11.50%

(B) Employees age above 50 to 55 years

(C) Employees age above 55 to 60 years

(D) Employees age above 60 to 66 years

(E) Employees age above 66

All companies required to contribute a fee to the skill development fund. SDL contribution is payable by employers for all employees up to the first $4,500 of gross monthly remuneration at the rate of 0.25% or $2, whichever is higher. WORKER A B C D E F GROSS MONTHLY REMUNERATION $150.80 $609.50 $2,000.00 $4,500.00 $4,502.00 $10,000.00 SDL PAYABLE $2.00 $2.00 $5.00 $11.25 $11.25 $11.25 REMARKS Minimum of $2 is payable Minimum of $2 is payable 0.25% levy 0.25% levy First $4,500 levied at 0.25% First $4,500 levied at 0.25%

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