I am on the contract service and I understand that my CPF contribution rates are different from the Full CPF rates. How is the CPF contribution computed for both employee's and employer's portion?

Question

Accepted Answer

Pensionable components like Basic Rank Pay, Basic Pay Supplement (if any), MVC, etc attract a lower CPF rate while Non-Pensionable Components like NPVP and NPC, etc attract the full CPF rates. These rates are subject to changes from time to time.

I am on the contract service and I understand that my CPF contribution rates are different from the Full CPF rates. How is the CPF contribution computed for both employee's and employer's portion?

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