Back to home

Do employers / platform operators enjoy tax benefits if they top up to their employees / platform workers' CPF accounts?

Updated by CPF
Employers / platform operators will enjoy 1:1 corporate tax deduction, which will be deductible against their taxable income.  This encourages employers to make cash top-ups to their employees' retirement accounts, thereby helping to build retirement adequacy.

This information is sourced from CPF.

Topics:

Growing Your SavingsMatched Retirement Savings Scheme

Related questions

What are the types of Voluntary Contributions I can make for my platform workers?

cpf
1

As a platform operator, what are the conditions for me to enjoy tax deductions when I make Voluntary Contributions for my platform workers?

cpf

I am an employer or platform operator who made cash top-ups to my employees or platform workers’ CPF Accounts on their behalf. How do I claim corporate tax deductions?

cpf

If I am concurrently a full-time employee doing platform work, do I still need to make CPF contributions on platform earnings?

cpf

Need more help?

Describe your issues to us.

Contact us