Central Provident Fund (CPF) contributions
GPTKB entity
Statements (50)
Predicate | Object |
---|---|
gptkbp:instanceOf |
mandatory savings scheme
|
gptkbp:administeredBy |
gptkb:Central_Provident_Fund_Board
|
gptkbp:appliesTo |
Singaporean citizens
Singapore permanent residents |
gptkbp:compatibleWith |
foreign workers
|
gptkbp:contributedTo |
employers
employees |
gptkbp:contributionRateDependsOn |
age
employment status wage level |
gptkbp:country |
gptkb:Singapore
|
gptkbp:currency |
gptkb:Singapore_Dollar_(SGD)
|
gptkbp:employerObligation |
remit contributions by 14th of following month
|
gptkbp:establishedIn |
1955
|
gptkbp:frequency |
monthly
|
gptkbp:fundsAllocatedTo |
gptkb:Ordinary_Account
gptkb:Retirement_Account gptkb:Special_Account MediSave Account |
https://www.w3.org/2000/01/rdf-schema#label |
Central Provident Fund (CPF) contributions
|
gptkbp:legalBasis |
Central Provident Fund Act
|
gptkbp:mainInterest |
varies by account type
Special/Medisave/Retirement Account: up to 5% per annum Ordinary Account: up to 3.5% per annum |
gptkbp:penalty |
fines
prosecution |
gptkbp:purpose |
housing finance
retirement savings healthcare financing |
gptkbp:relatedTo |
gptkb:CPF_LIFE
gptkb:ElderShield MediShield Life Dependants' Protection Scheme (DPS) Home Protection Scheme (HPS) Supplementary Retirement Scheme (SRS) Workfare Income Supplement (WIS) |
gptkbp:requires |
salaried employees
|
gptkbp:taxStatus |
tax-exempt returns
|
gptkbp:usedFor |
medical expenses
education financing public housing purchase retirement payouts |
gptkbp:voluntaryFor |
self-employed persons
|
gptkbp:website |
https://www.cpf.gov.sg
|
gptkbp:withdrawalPermittedAt |
statutory retirement age
|
gptkbp:withdrawalPermittedFor |
housing
medical emergencies retirement |
gptkbp:bfsParent |
gptkb:Singapore_Permanent_Residents
|
gptkbp:bfsLayer |
8
|