How do I opt in to increase my CPF contributions as a platform worker and how soon will it take effect?
You can opt in to increase your CPF contributions as a platform worker using the platform worker opt-in form. You will receive an email/ or SMS notification informing you of your opt-in effective month.
If you opt in on or before the 15th of a month, the increased contributions will start from the next month.
If you opt in after the 15th of a month, the increased contributions will start two months later.
For example, if you opt in on 15 April, the increased contributions will be applied on your platform earnings from 1 May. If you opt in on 16 April, the increased contributions will start from 1 June for platform work done in June.
Note: For opted-in platform workers joining a new platform operator, the increased CPF contributions will apply depending on when you onboard the new platform operator. If you onboard on or before the 15th of the month, the increased CPF contributions will be made in the following month. If you onboard after the 15th of the month, the increased contributions will be made two months after. For example:
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If you onboard on 14th February, your increased contributions will apply from 1st March for platform work done in March. Non-opt-in contribution rates will apply for the month of February.
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If you onboard on 16th February, your increased contributions will apply from 1st April for platform work done in April. Non-opt-in contribution rates will apply for the month of February and March.
This information is sourced from CPF
Related questions
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