As part of the Budget 2013, the CPF contribution rates for low wage workers earning between $50 and $1,500 will be revised upwards wef 1 Jan 2014.
Specifically, the changes are:
- Employer CPF contribution rates for employees aged 35 years and above earning between $50 and $1,500 will follow the rates of employees earning >$1,500;
- Employee CPF contribution rates for employees earning >$750 will also be at the same rate as those earning >$1,500. The contribution rates for those earning between $500 and $750 will be phased in. There is no employee contribution for employees earning <$500
Information is correct at time of publication.