2.2 Withholding of social security

Commentary

2.2.1 Central provident fund (CPF)

Singapore
Singapore | Commentary

2.2.1 Central provident fund (CPF)

Singapore | Commentary

2.2     Withholding of social security

Employer and employee contributions are due for CPF (see 2.2.1) for citizens and permanent resident of Singapore only.

Employer only contributions are due to FWL and SDL (see 2.2.2 and 2.2.3). Additionally, employers are required to pay for mandatory workers injury compensation (see 1.4.1).

2.2.1     Central provident fund (CPF)

CPF contribution rates can be found on the CPF Contribution and Allocation Rates. These rates are set out in the First Sch of the CPF ACT.

CPF is payable by:

  1.  

    •     Singapore citizens

  2.  

    •     Singapore permanent residents (from third year onwards)

  3.  

    •     first and second year Singapore permanent residents who have jointly applied with employers to contribute at full rates

  4.  

    •     employers of such persons

The CPF contributions go into

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