Tag Archives: CPF Contribution Scheme

How to Calculate Singaporean CPF?

Singapore’s CPF (Central Providend Fund), is different from Malaysia’s EPF. It provides many working Singaporeans with more sense of security in their retirement. Do you know why?

singaporecpf

Under this CPF Contribution Scheme,  you will be deducted 20% of your total wages to CPF monthly contribution.

Let’s take an example, if you are Singapore permanent resident with total wages $3,000, then the calculation will be:

Continue reading