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What is the monthly and annual earnings ceiling for CPF contributions for platform workers?
There is no monthly earnings ceiling for platform workers. A monthly earnings ceiling would not be as relevant for platform workers, who generally do not have a basic monthly wage and are more likely to see high month-to-month variation in earnings.
- For example, take a platform worker who earns $4,000 in January and then $8,000 in February. If we had a monthly cap of $6,000 for example, in January, he would have received CPF contribution for the full $4,000 earned but in February would only receive CPF contribution for $6,000 out of the $8,000 they earned. He would receive less CPF that an employee who has regular monthly salary of $6,000 per month (same total income of $12,000 for January and February).
The annual earnings ceiling of $102,000 will apply to platform workers, on a per platform basis. Platform operators should not contribute any CPF contributions to their platform workers for any net earnings in excess of $102,000.
This information is sourced from CPF.
Related questions
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?
Why is there no monthly earnings ceiling for CPF contributions for platform workers?
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Does the CPF annual ceiling apply to my net earnings as a platform worker?
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How should platform workers’ share be deducted from earnings?
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