Employer's CPF contribution increased by between 1% and 2% for all in 2015!

GOOD NEWS!

EMPLOYER'S CPR CONTRIBUTION WILL INCREASE IN 2015!!!

Image credit: CPF Singapore

With effect from 1 January 2015, there will be an increase in Employer's CPF contribution rates! The increase ranges from 1% to 2% for all employees!

If you are below 50 or above 65 years old, the employer contribution rates will be increased by 1%!
This increase will be allocated to the Medisave Account.

If you are above 50 to 55 years old, the employer contribution rates will be increased by 2%!
The increase in CPF contribution will be allocated to the Medisave and Special Accounts.

If you are above 55 to 65 years old, the employer contribution rates will be increased 1.5%!
The increase in CPF contribution will be allocated to the Medisave and Special Accounts.

This sounds like everyone has gotten a salary increment of between 1% and 2% in 2015!

Merry Christmas!

For more information, please visit CPF website!



Tags: CPF, medisave, special account, increase, 1%, 2%, employer's cpf contribution