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CPF Bonus Contribution Cap

It’s common knowledge that there is a salary ceiling of $4,500 for both employer and employee CPF contributions.If you earn more than $4,500, you only need to contribute $900 (=20% x $4,500) to your CPF. Even if you make $20k a month, you still contribute $900. Your employer contributes $652.50 (=14.5% x $4,500). The rates ...

 

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