There are 4 main types of CPF contributions. Some are taxable and some are not.

  1. Compulsory CPF Contributions relating to employment in Singapore.
    [Not taxable]
    This refers to the CPF contributions that the employer will make to the employee’s CPF account when typically issuing monthly salary.

    Example:
    Employee’s salary: $3000
    Employee’s age: below 55 years old
    Employer’s CPF contribution rate: 17%
    Employer needs to contribute $510
    This $510 is not taxable

  2. Voluntary CPF contribution relating to employment in Singapore, i.e. amount in excess of compulsory contributions to be made by the employer.
    [Taxable]
    This typically refers to the employer making voluntary contributions to the CPF member’s CPF account. This is on top of the compulsory contributions.
  3. Contributions made from 1 Jan 2004 relating to employment outside Singapore.
    [Not taxable]
    Foreign-sourced income
  4. Contributions relating to Director’s Fees
    [Taxable]

If you require advice on personal income taxes, you can email us at [email protected]

 

Yours Sincerely,
The editorial team at Singapore Secretary Services

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