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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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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