Are CPF contributions for platform workers rounded to the nearest dollar?
For mandatory/opted-in platform workers
The total contributions for the calendar month should be rounded off to the nearest dollar. Cents should be dropped for amounts less than 50 cents. Amounts of 50 cents and above should be treated as an additional dollar.
The cents should always be dropped for the platform worker’s share of CPF contributions.
For not-opted-in platform workers
As there is no platform operator share of CPF contributions, the total contributions payable by platform workers for the calendar month should be rounded off to the nearest dollar. Cents should be dropped for amounts less than 50 cents. Amounts of 50 cents and above should be treated as an additional dollar.
You can use our PW CPF Contribution Calculator to calculate the CPF contributions applicable to your platform workers.
This information is sourced from CPF
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