{"id":9752,"date":"2015-12-21T12:47:04","date_gmt":"2015-12-21T04:47:04","guid":{"rendered":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/?p=9752"},"modified":"2020-10-09T11:55:41","modified_gmt":"2020-10-09T03:55:41","slug":"changes-to-cpf-contribution-rates-and-wage-ceilings","status":"publish","type":"post","link":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/regulatory-and-business\/changes-to-cpf-contribution-rates-and-wage-ceilings\/","title":{"rendered":"Changes to CPF Contribution Rates and Wage Ceilings"},"content":{"rendered":"<h2>Changes to CPF Contribution Rates and Wage Ceilings&nbsp;from 1 January 2016<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-32081 alignright\" title=\"Changes to CPF Contribution Rates and Wage Ceilings&nbsp;from 1 January 2016\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-content\/uploads\/2015\/12\/photo-changes-to-cpf-contribution-rates-and-wage-ceilings-400x300.jpg\" alt=\"Changes to CPF Contribution Rates and Wage Ceilings&nbsp;from 1 January 2016\" width=\"400\" height=\"300\" srcset=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-content\/uploads\/2015\/12\/photo-changes-to-cpf-contribution-rates-and-wage-ceilings-400x300.jpg 400w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-content\/uploads\/2015\/12\/photo-changes-to-cpf-contribution-rates-and-wage-ceilings-400x300-300x225.jpg 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/>The <a title=\"CPF contribution\" href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/resources\/human-resource-immigration\/central-provident-fund-cpf-contribution-rates-in-singapore\/\">CPF contribution<\/a> rates for employees aged above 50 to 65 years will be increased for wages earned from <span class=\"aBn\" tabindex=\"0\" data-term=\"goog_1213279006\"><span class=\"aQJ\">1 January 2016<\/span><\/span> to help them save more for their retirement needs. Find out more about the&nbsp;<a title=\"New CPF Contribution Rates\" href=\"https:\/\/www.cpf.gov.sg\/Employers\/EmployerGuides\/employer-guides\/paying-cpf-contributions\/cpf-contribution-and-allocation-rates\" target=\"_blank\" rel=\"noopener noreferrer\">new CPF contribution rates<\/a>.<\/p>\n<p>To keep pace with income growth over the years, the Ordinary Wage (OW) Ceiling will be increased from $5,000 to $6,000 per month.<\/p>\n<p>With the change in OW Ceiling, the Additional Wage Ceiling (i.e. the amount of additional wages that will attract CPF contributions in a year) will be increased to:<\/p>\n<p><strong>($102,000*) &#8211; (Total OW subject to CPF for the year)<\/strong><br \/>\n<em>*equivalent to 17 months of the OW ceiling of $6,000<\/em><\/p>\n<p>The CPF Annual Limit from 2016 will also be increased to $37,740 (i.e. $6,000 x 37% x 17 months)<\/p>\n<p>Need help? Contact us today for <a title=\"payroll services\" href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/services\/human-resource\/payroll-services\/\">payroll services<\/a> assistance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Changes to CPF Contribution Rates and Wage Ceilings&nbsp;from 1 January 2016 The CPF contribution rates for employees aged above 50 to 65 years will be increased for wages earned from 1 January 2016 to help them save more for their retirement needs. Find out more about the&nbsp;new CPF contribution rates. To keep pace with income&hellip;<\/p>\n","protected":false},"author":57,"featured_media":9754,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68],"tags":[],"class_list":["post-9752","post","type-post","status-publish","format-standard","has-post-thumbnail","category-regulatory-and-business","category-68","description-off"],"_links":{"self":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/posts\/9752","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/comments?post=9752"}],"version-history":[{"count":0,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/posts\/9752\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/media\/9754"}],"wp:attachment":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/media?parent=9752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/categories?post=9752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/tags?post=9752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}