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Updated by CPF
You can use our CPF Contribution Calculator to calculate the CPF contributions applicable to your employees.
You can also use CPF EZPay to auto-compute your CPF contributions for greater convenience! Contact us
Are CPF contributions rounded to the nearest dollar?
The total contributions for the calendar month should be rounded off to the nearest dollar. Cents should be dropped for amounts less than 50 cents. Amounts of 50 cents and above should be treated as an additional dollar.
You are entitled to recover the employee’s share of CPF contributions when paying your employee’s wages for the month. The cents should always be dropped for the employee’s share of CPF contributions.
You can use our CPF Contribution Calculator to calculate the CPF contributions applicable to your employees.
You can also use CPF EZPay to auto-compute your CPF contributions for greater convenience!
This information is sourced from CPF.
Related questions
How do I recover the employee's share of CPF contributions?
Are CPF contributions for platform workers rounded to the nearest dollar?
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How was the employee's share of CPF contributions indicated on my CPF Contribution Alert being derived?
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Why are the employee's contribution rates lower/different for those earning total monthly wages of more than $500 but less than $750?
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