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What is the Fixed Expense Deduction Amount?

Updated by CPF
Your CPF contributions will be computed based on your net earnings, derived from your gross earnings less a Fixed Expense Deduction Amount (FEDA).
 
The FEDA depends on the mode of transportation you use for platform work.
 

Mode of Transport

FEDA

Cars, Vans, Lorries, Trucks

60%

Motorcycles, Power-assisted Bicycles, Motorised Personal Mobility Devices

35%

Bicycles, Walkers (Including use of public transport)

20%

 
Your net earnings is given by gross earnings less FEDA. For example:
 
  • Gross earnings: $3,000
  • FEDA: 60% for cars
  • Net earnings: $3,000 x (1-60%) = $1,200

This information is sourced from CPF.

Topics:

Employer - Platform OperatorHow much CPF contributions to contributeGrowing Your SavingsSaving as a platform worker with CPF contributions

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