The CPF contribution is calculated based on platform workers’ net earnings (after fixed expense deduction amount) and the contribution rate applicable to their age, earnings and opt-in status. 

 

Illustration 

 

Step 1: Determine a platform worker’s gross earnings: $3,000 

Step 2: Apply the Fixed Expense Deduction Amount (FEDA): 60% expense for cars 

Step 3: Compute the net earnings: $3,000 x (1-60%) = $1,200

Step 4: Key in the net earnings into platform worker CPF Contribution Calculator to find out the contributions.