The change in CPF contribution rate should be applied from the first day of the following month after your employee’s birthday month. For example, if your employee’s 55^th birthday falls on 15 January 2021, the change in CPF contribution rate for age above 55 to 60 years old will be applied from the month of February 2021 and the subsequent months.

 

Any shortfall in CPF contributions on Additional Wages (AW) should follow the applicable rate for the month in which the AW were paid. The shortfall should be paid together with December’s contributions or contributions for your employee’s last month of employment, whichever is applicable.