What is the increase in platform workers’ share of CPF Ordinary and Special or Retirement Account contribution rates, which is used to compute Platform Workers CPF Transition Support (PCTS)?
From 2025 to 2028, platform workers’ own share of CPF contributions rates will increase by up to 2.5%-points each year, until it reaches up to 20% in 2029, to align with employees. This applies to platform workers born in or after 1995, or born before 1995 and opted in to increased CPF contributions (see illustration for example).
Platform Workers CPF Transition Support (PCTS) will offset a percentage of this year-on-year increase of up to 2.5%-points in contribution rate. The offset percentage will taper down from 2025 to 2028. In 2029, when platform workers’ CPF contributions are completely aligned with that of employees, PCTS will cease.
*Infographic shows CPF contribution rates for platform workers in the “35 & below” age group, with net earnings above $750 in a month.
This information is sourced from CPF
Related questions
Why are platform workers above a certain age not eligible for Platform Workers CPF Transition Support (PCTS)?
How much can I expect to receive with the Platform Workers CPF Transition Support (PCTS) scheme?
What are the contribution rates for platform workers?
Why must I earn more than $500 from at least one platform to receive Platform Workers CPF Transition Support (PCTS)?
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