No. S 860
Central Provident Fund Act
(CHAPTER 36)
Central Provident Fund Act
(Amendment of First Schedule)
Notification 2014
In exercise of the powers conferred by section 7(8) of the Central Provident Fund Act, the Minister for Manpower hereby makes the following Notification:
Citation and commencement
1.  This Notification may be cited as the Central Provident Fund Act (Amendment of First Schedule) Notification 2014 and shall come into operation on 1 January 2015.
Amendment of First Schedule
2.  The First Schedule to the Central Provident Fund Act is amended —
(a)by deleting paragraphs 1 to 1D and substituting the following paragraphs:
1.  Subject to paragraphs 1A to 7, with effect from 1 January 2015, the contributions payable by the employer and the amount recoverable from the employee’s wages are as follows:
(a)where the employee is not more than 60 years of age:
 
50 years of age and below
Above 50 but not more than
55 years of age
Above 55 but not more than
60 years of age
Total amount of the employee’s wages for the calendar month
Contributions payable by the employer for the calendar month
Amount recoverable from the employee’s wages for the calendar month
Contributions payable by the employer for the calendar month
Amount recoverable from the employee’s wages for the calendar month
Contributions payable by the employer for the calendar month
Amount recoverable from the employee’s wages for the calendar month
(1)
(2)
(3)
(4)
(5)
(6)
(7)
Exceeding $50 but not exceeding $500
An amount equal to 17% of the Total Wages.
NIL
An amount equal to 16% of the Total Wages.
NIL
An amount equal to 12% of the Total Wages.
NIL
Exceeding $500 but not exceeding $750
An amount equal to the sum of —
(a)17% of the Total Wages; and
An amount equal to 0.6 of the difference between the Total Wages and $500.
An amount equal to the sum of —
(a)16% of the Total Wages; and
An amount equal to 0.57 of the difference between the Total Wages and $500.
An amount equal to the sum of —
(a)12% of the Total Wages; and
An amount equal to 0.39 of the difference between the Total Wages and $500.
 
(b)0.6 of the difference between the Total Wages and $500.
 
(b)0.57 of the difference between the Total Wages and $500.
 
(b)0.39 of the difference between the Total Wages and $500.
 
Exceeding $750
An amount equal to the sum of —
(a)37% of the employee’s ordinary wages for the month subject to a maximum of $1,850; and
An amount equal to the sum of —
(a)20% of the employee’s ordinary wages for the month subject to a maximum of $1,000; and
An amount equal to the sum of —
(a)35% of the employee’s ordinary wages for the month subject to a maximum of $1,750; and
An amount equal to the sum of —
(a)19% of the employee’s ordinary wages for the month subject to a maximum of $950; and
An amount equal to the sum of —
(a)25% of the employee’s ordinary wages for the month subject to a maximum of $1,250; and
An amount equal to the sum of —
(a)13% of the employee’s ordinary wages for the month subject to a maximum of $650; and
 
(b)37% of the Relevant Additional Wages.
(b)20% of the Relevant Additional Wages.
(b)35% of the Relevant Additional Wages.
(b)19% of the Relevant Additional Wages.
(b)25% of the Relevant Additional Wages.
(b)13% of the Relevant Additional Wages.
(b)where the employee is above 60 years of age:
 
Above 60 but not more than
65 years of age
Above 65 years of age
Total amount of the employee’s wages for the calendar month
Contributions payable by the employer for the calendar month
Amount recoverable from the employee’s wages for the calendar month
Contributions payable by the employer for the calendar month
Amount recoverable from the employee’s wages for the calendar month
(1)
(2)
(3)
(4)
(5)
Exceeding $50 but not exceeding $500
An amount equal to 8.5% of the Total Wages.
NIL
An amount equal to 7.5% of the Total Wages.
NIL
Exceeding $500 but not exceeding $750
An amount equal to the sum of —
(a)8.5% of the Total Wages; and
An amount equal to 0.225 of the difference between the Total Wages and $500.
An amount equal to the sum of —
(a)7.5% of the Total Wages; and
An amount equal to 0.15 of the difference between the Total Wages and $500.
 
(b)0.225 of the difference between the Total Wages and $500.
 
(b)0.15 of the difference between the Total Wages and $500.
 
Exceeding $750
An amount equal to the sum of —
(a)16% of the employee’s ordinary wages for the month subject to a maximum of $800; and
An amount equal to the sum of —
(a)7.5% of the employee’s ordinary wages for the month subject to a maximum of $375; and
An amount equal to the sum of —
(a)12.5% of the employee’s ordinary wages for the month subject to a maximum of $625; and
An amount equal to the sum of —
(a)5% of the employee’s ordinary wages for the month subject to a maximum of $250; and
 
(b)16% of the Relevant Additional Wages.
(b)7.5% of the Relevant Additional Wages.
(b)12.5% of the Relevant Additional Wages.
(b)5% of the Relevant Additional Wages.
1A.  Subject to paragraphs 1E to 7, with effect from 1 January 2015, the contributions payable by the employer (at graduated rates) and the amount recoverable from the employee’s wages (at graduated rates), during the period beginning on the date the employee becomes a permanent resident and ending on the last day of the first anniversary month, are as follows:
(a)where the employee is not more than 60 years of age:
 
50 years of age and below
Above 50 but not more than
55 years of age
Above 55 but not more than
60 years of age
Total amount of the employee’s wages for the calendar month
Contributions payable by the employer for the calendar month
Amount recoverable from the employee’s wages for the calendar month
Contributions payable by the employer for the calendar month
Amount recoverable from the employee’s wages for the calendar month
Contributions payable by the employer for the calendar month
Amount recoverable from the employee’s wages for the calendar month
(1)
(2)
(3)
(4)
(5)
(6)
(7)
Exceeding $50 but not exceeding $500
An amount equal to 4% of the Total Wages.
NIL
An amount equal to 4% of the Total Wages.
NIL
An amount equal to 4% of the Total Wages.
NIL
Exceeding $500 but not exceeding $750
An amount equal to the sum of —
(a)4% of the Total Wages; and
An amount equal to 0.15 of the difference between the Total Wages and $500.
An amount equal to the sum of —
(a)4% of the Total Wages; and
An amount equal to 0.15 of the difference between the Total Wages and $500.
An amount equal to the sum of —
(a)4% of the Total Wages; and
An amount equal to 0.15 of the difference between the Total Wages and $500.
 
(b)0.15 of the difference between the Total Wages and $500.
 
(b)0.15 of the difference between the Total Wages and $500.
 
(b)0.15 of the difference between the Total Wages and $500.
 
Exceeding $750
An amount equal to the sum of —
(a)9% of the employee’s ordinary wages for the month subject to a maximum of $450; and
An amount equal to the sum of —
(a)5% of the employee’s ordinary wages for the month subject to a maximum of $250; and
An amount equal to the sum of —
(a)9% of the employee’s ordinary wages for the month subject to a maximum of $450; and
An amount equal to the sum of —
(a)5% of the employee’s ordinary wages for the month subject to a maximum of $250; and
An amount equal to the sum of —
(a)9% of the employee’s ordinary wages for the month subject to a maximum of $450; and
An amount equal to the sum of —
(a)5% of the employee’s ordinary wages for the month subject to a maximum of $250; and
 
(b)9% of the Relevant Additional Wages.
(b)5% of the Relevant Additional Wages.
(b)9% of the Relevant Additional Wages.
(b)5% of the Relevant Additional Wages.
(b)9% of the Relevant Additional Wages.
(b)5% of the Relevant Additional Wages.
(b)where the employee is above 60 years of age:
 
Above 60 but not more than
65 years of age
Above 65 years of age
Total amount of the employee’s wages for the calendar month
Contributions payable by the employer for the calendar month
Amount recoverable from the employee’s wages for the calendar month
Contributions payable by the employer for the calendar month
Amount recoverable from the employee’s wages for the calendar month
(1)
(2)
(3)
(4)
(5)
Exceeding $50 but not exceeding $500
An amount equal to 3.5% of the Total Wages.
NIL
An amount equal to 3.5% of the Total Wages.
NIL
Exceeding $500 but not exceeding $750
An amount equal to the sum of —
(a)3.5% of the Total Wages; and
An amount equal to 0.15 of the difference between the Total Wages and $500.
An amount equal to the sum of —
(a)3.5% of the Total Wages; and
An amount equal to 0.15 of the difference between the Total Wages and $500.
 
(b)0.15 of the difference between the Total Wages and $500.
 
(b)0.15 of the difference between the Total Wages and $500.
 
Exceeding $750
An amount equal to the sum of —
(a)8.5% of the employee’s ordinary wages for the month subject to a maximum of $425; and
An amount equal to the sum of —
(a)5% of the employee’s ordinary wages for the month subject to a maximum of $250; and
An amount equal to the sum of —
(a)8.5% of the employee’s ordinary wages for the month subject to a maximum of $425; and
An amount equal to the sum of —
(a)5% of the employee’s ordinary wages for the month subject to a maximum of $250; and
 
(b)8.5% of the Relevant Additional Wages.
(b)5% of the Relevant Additional Wages.
(b)8.5% of the Relevant Additional Wages.
(b)5% of the Relevant Additional Wages.
1B.  Subject to paragraphs 1E to 7, with effect from 1 January 2015, the contributions payable by the employer (at graduated rates) and the amount recoverable from the employee’s wages (at graduated rates), during the period beginning on the first day of the calendar month following the first anniversary month and ending on the last day of the second anniversary month, are as follows:
(a)where the employee is not more than 60 years of age:
 
50 years of age and below
Above 50 but not more than
55 years of age
Above 55 but not more than
60 years of age
Total amount of the employee’s wages for the calendar month
Contributions payable by the employer for the calendar month
Amount recoverable from the employee’s wages for the calendar month
Contributions payable by the employer for the calendar month
Amount recoverable from the employee’s wages for the calendar month
Contributions payable by the employer for the calendar month
Amount recoverable from the employee’s wages for the calendar month
(1)
(2)
(3)
(4)
(5)
(6)
(7)
Exceeding $50 but not exceeding $500
An amount equal to 9% of the Total Wages.
NIL
An amount equal to 9% of the Total Wages.
NIL
An amount equal to 6% of the Total Wages.
NIL
Exceeding $500 but not exceeding $750
An amount equal to the sum of —
(a)9% of the Total Wages; and
An amount equal to 0.45 of the difference between the Total Wages and $500.
An amount equal to the sum of —
(a)9% of the Total Wages; and
An amount equal to 0.45 of the difference between the Total Wages and $500.
An amount equal to the sum of —
(a)6% of the Total Wages; and
An amount equal to 0.375 of the difference between the Total Wages and $500.
 
(b)0.45 of the difference between the Total Wages and $500.
 
(b)0.45 of the difference between the Total Wages and $500.
 
(b)0.375 of the difference between the Total Wages and $500.
 
Exceeding $750
An amount equal to the sum of —
(a)24% of the employee’s ordinary wages for the month subject to a maximum of $1,200; and
An amount equal to the sum of —
(a)15% of the employee’s ordinary wages for the month subject to a maximum of $750; and
An amount equal to the sum of —
(a)24% of the employee’s ordinary wages for the month subject to a maximum of $1,200; and
An amount equal to the sum of —
(a)15% of the employee’s ordinary wages for the month subject to a maximum of $750; and
An amount equal to the sum of —
(a)18.5% of the employee’s ordinary wages for the month subject to a maximum of $925; and
An amount equal to the sum of —
(a)12.5% of the employee’s ordinary wages for the month subject to a maximum of $625; and
 
(b)24% of the Relevant Additional Wages.
(b)15% of the Relevant Additional Wages.
(b)24% of the Relevant Additional Wages.
(b)15% of the Relevant Additional Wages.
(b)18.5% of the Relevant Additional Wages.
(b)12.5% of the Relevant Additional Wages.
(b)where the employee is above 60 years of age:
 
Above 60 but not more than
65 years of age
Above 65 years of age
Total amount of the employee’s wages for the calendar month
Contributions payable by the employer for the calendar month
Amount recoverable from the employee’s wages for the calendar month
Contributions payable by the employer for the calendar month
Amount recoverable from the employee’s wages for the calendar month
(1)
(2)
(3)
(4)
(5)
Exceeding $50 but not exceeding $500
An amount equal to 3.5% of the Total Wages.
NIL
An amount equal to 3.5% of the Total Wages.
NIL
Exceeding $500 but not exceeding $750
An amount equal to the sum of —
(a)3.5% of the Total Wages; and
An amount equal to 0.225 of the difference between the Total Wages and $500.
An amount equal to the sum of —
(a)3.5% of the Total Wages; and
An amount equal to 0.15 of the difference between the Total Wages and $500.
 
(b)0.225 of the difference between the Total Wages and $500.
 
(b)0.15 of the difference between the Total Wages and $500.
 
Exceeding $750
An amount equal to the sum of —
(a)11% of the employee’s ordinary wages for the month subject to a maximum of $550; and
An amount equal to the sum of —
(a)7.5% of the employee’s ordinary wages for the month subject to a maximum of $375; and
An amount equal to the sum of —
(a)8.5% of the employee’s ordinary wages for the month subject to a maximum of $425; and
An amount equal to the sum of —
(a)5% of the employee’s ordinary wages for the month subject to a maximum of $250; and
 
(b)11% of the Relevant Additional Wages.
(b)7.5% of the Relevant Additional Wages.
(b)8.5% of the Relevant Additional Wages.
(b)5% of the Relevant Additional Wages.
1C.  Subject to paragraphs 1E to 7, with effect from 1 January 2015, the contributions payable by the employer (at full rates) and the amount recoverable from the employee’s wages (at graduated rates), during the period beginning on the date the employee becomes a permanent resident and ending on the last day of the first anniversary month, are as follows:
(a)where the employee is not more than 60 years of age:
 
50 years of age and below
Above 50 but not more than
55 years of age
Above 55 but not more than
60 years of age
Total amount of the employee’s wages for the calendar month
Contributions payable by the employer for the calendar month
Amount recoverable from the employee’s wages for the calendar month
Contributions payable by the employer for the calendar month
Amount recoverable from the employee’s wages for the calendar month
Contributions payable by the employer for the calendar month
Amount recoverable from the employee’s wages for the calendar month
(1)
(2)
(3)
(4)
(5)
(6)
(7)
Exceeding $50 but not exceeding $500
An amount equal to 17% of the Total Wages.
NIL
An amount equal to 16% of the Total Wages.
NIL
An amount equal to 12% of the Total Wages.
NIL
Exceeding $500 but not exceeding $750
An amount equal to the sum of —
(a)17% of the Total Wages; and
An amount equal to 0.15 of the difference between the Total Wages and $500.
An amount equal to the sum of —
(a)16% of the Total Wages; and
An amount equal to 0.15 of the difference between the Total Wages and $500.
An amount equal to the sum of —
(a)12% of the Total Wages; and
An amount equal to 0.15 of the difference between the Total Wages and $500.
 
(b)0.15 of the difference between the Total Wages and $500.
 
(b)0.15 of the difference between the Total Wages and $500.
 
(b)0.15 of the difference between the Total Wages and $500.
 
Exceeding $750
An amount equal to the sum of —
(a)22% of the employee’s ordinary wages for the month subject to a maximum of $1,100; and
An amount equal to the sum of —
(a)5% of the employee’s ordinary wages for the month subject to a maximum of $250; and
An amount equal to the sum of —
(a)21% of the employee’s ordinary wages for the month subject to a maximum of $1,050; and
An amount equal to the sum of —
(a)5% of the employee’s ordinary wages for the month subject to a maximum of $250; and
An amount equal to the sum of —
(a)17% of the employee’s ordinary wages for the month subject to a maximum of $850; and
An amount equal to the sum of —
(a)5% of the employee’s ordinary wages for the month subject to a maximum of $250; and
 
(b)22% of the Relevant Additional Wages.
(b)5% of the Relevant Additional Wages.
(b)21% of the Relevant Additional Wages.
(b)5% of the Relevant Additional Wages.
(b)17% of the Relevant Additional Wages.
(b)5% of the Relevant Additional Wages.
(b)where the employee is above 60 years of age:
 
Above 60 but not more than
65 years of age
Above 65 years of age
Total amount of the employee’s wages for the calendar month
Contributions payable by the employer for the calendar month
Amount recoverable from the employee’s wages for the calendar month
Contributions payable by the employer for the calendar month
Amount recoverable from the employee’s wages for the calendar month
(1)
(2)
(3)
(4)
(5)
Exceeding $50 but not exceeding $500
An amount equal to 8.5% of the Total Wages.
NIL
An amount equal to 7.5% of the Total Wages.
NIL
Exceeding $500 but not exceeding $750
An amount equal to the sum of —
(a)8.5% of the Total Wages; and
An amount equal to 0.15 of the difference between the Total Wages and $500.
An amount equal to the sum of —
(a)7.5% of the Total Wages; and
An amount equal to 0.15 of the difference between the Total Wages and $500.
 
(b)0.15 of the difference between the Total Wages and $500.
 
(b)0.15 of the difference between the Total Wages and $500.
 
Exceeding $750
An amount equal to the sum of —
(a)13.5% of the employee’s ordinary wages for the month subject to a maximum of $675; and
An amount equal to the sum of —
(a)5% of the employee’s ordinary wages for the month subject to a maximum of $250; and
An amount equal to the sum of —
(a)12.5% of the employee’s ordinary wages for the month subject to a maximum of $625; and
An amount equal to the sum of —
(a)5% of the employee’s ordinary wages for the month subject to a maximum of $250; and
 
(b)13.5% of the Relevant Additional Wages.
(b)5% of the Relevant Additional Wages.
(b)12.5% of the Relevant Additional Wages.
(b)5% of the Relevant Additional Wages.
1D.  Subject to paragraphs 1E to 7, with effect from 1 January 2015, the contributions payable by the employer (at full rates) and the amount recoverable from the employee’s wages (at graduated rates), for the period beginning on the first day of the calendar month following the first anniversary month and ending on the last day of the second anniversary month, are as follows:
(a)where the employee is not more than 60 years of age:
 
50 years of age and below
Above 50 but not more than
55 years of age
Above 55 but not more than
60 years of age
Total amount of the employee’s wages for the calendar month
Contributions payable by the employer for the calendar month
Amount recoverable from the employee’s wages for the calendar month
Contributions payable by the employer for the calendar month
Amount recoverable from the employee’s wages for the calendar month
Contributions payable by the employer for the calendar month
Amount recoverable from the employee’s wages for the calendar month
(1)
(2)
(3)
(4)
(5)
(6)
(7)
Exceeding $50 but not exceeding $500
An amount equal to 17% of the Total Wages.
NIL
An amount equal to 16% of the Total Wages.
NIL
An amount equal to 12% of the Total Wages.
NIL
Exceeding $500 but not exceeding $750
An amount equal to the sum of —
(a)17% of the Total Wages; and
An amount equal to 0.45 of the difference between the Total Wages and $500.
An amount equal to the sum of —
(a)16% of the Total Wages; and
An amount equal to 0.45 of the difference between the Total Wages and $500.
An amount equal to the sum of —
(a)12% of the Total Wages; and
An amount equal to 0.375 of the difference between the Total Wages and $500.
 
(b)0.45 of the difference between the Total Wages and $500.
 
(b)0.45 of the difference between the Total Wages and $500.
 
(b)0.375 of the difference between the Total Wages and $500.
 
Exceeding $750
An amount equal to the sum of —
(a)32% of the employee’s ordinary wages for the month subject to a maximum of $1,600; and
An amount equal to the sum of —
(a)15% of the employee’s ordinary wages for the month subject to a maximum of $750; and
An amount equal to the sum of —
(a)31% of the employee’s ordinary wages for the month subject to a maximum of $1,550; and
An amount equal to the sum of —
(a)15% of the employee’s ordinary wages for the month subject to a maximum of $750; and
An amount equal to the sum of —
(a)24.5% of the employee’s ordinary wages for the month subject to a maximum of $1,225; and
An amount equal to the sum of —
(a)12.5% of the employee’s ordinary wages for the month subject to a maximum of $625; and
 
(b)32% of the Relevant Additional Wages.
(b)15% of the Relevant Additional Wages.
(b)31% of the Relevant Additional Wages.
(b)15% of the Relevant Additional Wages.
(b)24.5% of the Relevant Additional Wages.
(b)12.5% of the Relevant Additional Wages.
(b)where the employee is above 60 years of age:
 
Above 60 but not more than
65 years of age
Above 65 years of age
Total amount of the employee’s wages for the calendar month
Contributions payable by the employer for the calendar month
Amount recoverable from the employee’s wages for the calendar month
Contributions payable by the employer for the calendar month
Amount recoverable from the employee’s wages for the calendar month
(1)
(2)
(3)
(4)
(5)
Exceeding $50 but not exceeding $500
An amount equal to 8.5% of the Total Wages.
NIL
An amount equal to 7.5% of the Total Wages.
NIL
Exceeding $500 but not exceeding $750
An amount equal to the sum of —
(a)8.5% of the Total Wages; and
An amount equal to 0.225 of the difference between the Total Wages and $500.
An amount equal to the sum of —
(a)7.5% of the Total Wages; and
An amount equal to 0.15 of the difference between the Total Wages and $500.
 
(b)0.225 of the difference between the Total Wages and $500.
 
(b)0.15 of the difference between the Total Wages and $500.
 
Exceeding $750
An amount equal to the sum of —
(a)16% of the employee’s ordinary wages for the month subject to a maximum of $800; and
An amount equal to the sum of —
(a)7.5% of the employee’s ordinary wages for the month subject to a maximum of $375; and
An amount equal to the sum of —
(a)12.5% of the employee’s ordinary wages for the month subject to a maximum of $625; and
An amount equal to the sum of —
(a)5% of the employee’s ordinary wages for the month subject to a maximum of $250; and
 
(b)16% of the Relevant Additional Wages.
(b)7.5% of the Relevant Additional Wages.
(b)12.5% of the Relevant Additional Wages.
(b)5% of the Relevant Additional Wages.”; and
(b)by deleting sub-paragraph (a) of paragraph 5 and substituting the following sub‑paragraph:
(a)a person is deemed to have attained 50, 55, 60 or 65 years of age on the fiftieth, fifty‑fifth, sixtieth or sixty‑fifth anniversary, respectively, of the day of the person’s birth and the contributions payable in respect of an employee above 50, 55, 60 or 65 years of age are payable from the first day of the month following the month in which the employee attains that age;”.
Made on 26 December 2014.
LOH KHUM YEAN
Permanent Secretary,
Ministry of Manpower,
Singapore.
[MMS 9/73-14T1; AG/LLRD/SL/36/2010/20 Vol. 6]