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You are here: Home / Archives for CPF

Frequently Asked Questions : Central Provident Fund (CPF)



When is Central Provident Fund (CPF) required to be paid?

Central Provident Fund  (CPF) payments are to be paid monthly and within 14 days after the end of the month for which CPF contributions are due.

Who does Central Provident Fund (CPF) apply for?

The Central Provident Fund (CPF) applies to Singapore citizens and permanent residents earning more than S$50 a month.

What is Central Provident Fund (CPF) computed on?

For computing Central Provident Fund (CPF), salary is classified into Ordinary Wages (OW) (wages due or granted wholly and exclusively in connection

What is Central Provident Fund (CPF) for?

Your Central Provident Fund (CPF) is for your retirement. You can withdraw your CPF savings when you turn 55, after setting aside your CPF Minimum

What is Central Provident Fund (CPF)?

The Central Provident Fund or CPF is a mandatory pension fund scheme applicable for all Singapore citizens and Singapore permanent residents earning

What is the Central Provident Fund (CPF) contribution rate?

The maximum Central Provident Fund  (CPF) contribution rate for employer and employee is 16% and 20% respectively and can be lower depending on

Is there any limit or quota on the number of Employment Pass (EP) applications a Company can make?

The Employment Pass (EP) does not fall under any quota system nor is there a monthly levy charge for EP. The Ministry of Manpower (MOM) will review

If I should pass on, can I make a Nomination for someone to be a beneficiary of my Central Provident Fund (CPF) savings?

Your Central Provident Fund (CPF) nomination allows you to specify who to receive your CPF savings, and how much each nominee should receive, when you

Is there a maximum cap on Central Provident Fund (CPF)?

Maximum amount of Central Provident Fund  (CPF) payable is based on a monthly salary ceiling of $5,000 for OW. Maximum amount of AW on which CPF is

How do I check my Central Provident Fund (CPF) Statement of Account?

You can check your Central Provident Fund (CPF) Statement any time by logging in to the CPF website with your SingPass. With My Statement, you can get

Can I make voluntary Central Provident Fund (CPF) contributions?

Yes, you can make voluntary contributions to the Central Provident Fund (CPF) to build up your retirement savings. These contributions can also be

Can I use my Central Provident Fund (CPF) for the Education Scheme?

Yes, the Education Scheme is a loan scheme that allows you to use your Central Provident Fund (CPF) savings for full-time tertiary education in

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Rikvin Pte Ltd

EA License No. 11C3030

36 Robinson Road,
#20-01 City House,
Singapore 068877

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