23 Feb '11, 7am

CPF rate go up

Employer CPF contribution rate to go up by 0.5%; CPF Salary Ceiling to increase to $5,000 1. Minister for Finance, Mr Tharman Shanmugaratnam, announced in his FY2011 Budget Statement in Parliament this afternoon, that the Government will raise the employers’ CPF contribution rate by 0.5 percentage point. The additional CPF contribution will be paid into the Special Account and will help Singaporeans save more for their retirement needs. Please refer to Annex A for a detailed schedule of the new contribution rates. 2. To keep pace with income growth in recent years, the CPF salary ceiling will also be revised from $4,500 to $5,000 per month. This will align the salary ceiling back to the 80th percentile income. Both CPF changes will take effect from 1 September 2011. For More Information 3. Further details on the CPF changes are available on CPF Board’s website: www.cpf.gov...

Full article: http://www.sgrecruiters.com/news/employer-cpf-contributio...

Tweets

Budget 2011: Govt to raise employer CPF contrib...

channelnewsasia.com 18 Feb '11, 8am

SINGAPORE: The Singapore government will raise employer CPF contributions and CPF salary ceiling. In his Budget speech on ...

Do you know that you can actually do a CPF top-ups for your elderly parents for their retirement plans and for...

Do you know that you can actually do a CPF top-...

straitstimes.com 15 Feb '11, 10am

THE CPF Board on Tuesday revealed that the total amount of top-ups for 2010 was $250 million - a 9 per cent increase from ...

Singapore fertility rate and CPF to be raised in Parliament: SINGAPORE: MPs have lined up several concerns regar...

Singapore fertility rate and CPF to be raised i...

channelnewsasia.com 17 Feb '11, 9am

SINGAPORE: MPs have lined up several concerns regarding Singapore's fertility rate and CPF, among others, that will be ans...

CPF keeps 2.5% Ordinary Account interest rate

channelnewsasia.com 16 Feb '11, 3am

SINGAPORE: The CPF Board will continue to pay 2.5 per cent annual interest for members' Ordinary Account (OA) savings betw...

MOM to increase Foreign worker levies

sgrecruiters.com 23 Feb '11, 7am

SINGAPORE: Singapore's Ministry of Manpower (MOM) is sending a strong signal to businesses to invest in productivity chang...

Foreign worker levies to increase, says MOM - C...

channelnewsasia.com 21 Feb '11, 9am

SINGAPORE: Following the announcement in the Budget statement Friday, the Ministry of Manpower (MOM) says employers of S-P...