What are the types of Voluntary Contributions I can make for my platform workers?
You can make Voluntary Contributions (VC) to:
- your platform workers’ Special or Retirement Account, under the Retirement Sum Topping Up Scheme (RSTU) (tax deduction available to platform operator and tax relief available to platform worker)
- your platform workers’ MediSave Account (tax deduction available to platform operators and tax exemption available to platform worker)
- your platform workers’ three CPF accounts (no tax deduction for platform operator and platform worker)
The VC made will be treated as the current month's contribution. Backdating to an earlier date is not allowed.
You can find out more on the types of VC you can make for your platform workers.
You can refer to this FAQ on the tax reliefs available to you if you make VC.
This information is sourced from CPF
Related questions
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How can I make Voluntary Contributions for my platform workers?
What are the types of Voluntary Contributions (VC) I can make for my employees?
How much tax relief will I get for CPF contributions made as a platform worker?
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