Does the CPF annual ceiling apply to my net earnings as a platform worker?
Yes, you will be subject to the same CPF annual ceiling of $102,000 as employees. You do not need to make any CPF contributions on net earnings exceeding $102,000 in a year.
As CPF contributions are computed separately for each platform operator you work with, this annual ceiling applies on a per-platform basis.
If your total net earnings for the year across all platforms have exceeded CPF annual ceiling of $102,000, you can apply for a refund on your share of the contributions.
This information is sourced from CPF
Related questions
Can I apply for refund on CPF contributions paid above the CPF annual ceiling of $102,000?
If I am working for more than one platform operator, can I choose to contribute CPF on the earnings from only one of my platform operators?
What is the monthly and annual earnings ceiling for CPF contributions for platform workers?
How do I calculate the total excess CPF contributions which I can apply for a refund, and what is the portion of excess CPF contributions which I need to refund to my platform workers?
Need more help?
Get in touch