Central Provident Fund (Self-Employed Persons) (Amendment) Regulations 2013

No. S 825

Central Provident Fund Act

(CHAPTER 36)

Central Provident Fund
(Self-Employed Persons)
(Amendment) Regulations 2013

In exercise of the powers conferred by section 77(1)(a) and (e) of the Central Provident Fund Act, Mr Tan Chuan‑Jin, Senior Minister of State, charged with the responsibility of the Minister for Manpower, after consulting with the Central Provident Fund Board, hereby makes the following Regulations:

Citation and commencement

1. These Regulations may be cited as the Central Provident Fund (Self‑Employed Persons) (Amendment) Regulations 2013 and shall come into operation on 1st January 2014.

Amendment of regulation 4

2. Regulation 4(1) of the Central Provident Fund (Self‑Employed Persons) Regulations (Rg 25) (referred to in these Regulations as the principal Regulations) is amended —

(a)

by deleting the word “and” at the end of sub‑paragraph (e);

(b)

by deleting the words “and every subsequent relevant year.” in sub‑paragraph (f) and substituting the word “; and”; and

(c)

by inserting, immediately after sub‑paragraph (f), the following sub‑paragraph:

“(g)	at the applicable rate specified in the second, third, fourth and fifth columns of item 17 in the First Schedule in respect of the relevant year beginning 1st January 2014 and every subsequent relevant year.”.

Amendment of regulation 9

3. Regulation 9(3) of the principal Regulations is amended by deleting the words “item 16” in sub‑paragraph (a)(iii) and substituting the words “items 16 and 17”.

Amendment of regulation 10

4. Regulation 10(3) of the principal Regulations is amended by deleting the words “item 16” in sub‑paragraph (a)(iii) and substituting the words “items 16 and 17”.

Amendment of regulation 15

5. Regulation 15(1) of the principal Regulations is amended —

(a)

by deleting the words “the relevant year beginning 1st January 2011 or any subsequent relevant year” in sub‑paragraphs (u) and (v), and substituting in each case the words “any relevant year from 1st January 2011 to 31st December 2013”;

(b)

by deleting the words “or any subsequent relevant year” in sub‑paragraphs (x) and (y)”;

(c)

by deleting the word “and” at the end of sub‑paragraph (x); and

(d)

by deleting the full‑stop at the end of sub‑paragraph (y) and substituting a semi‑colon, and by inserting immediately thereafter the following sub‑paragraphs:

“(z)	$315 in respect of the relevant year beginning 1st January 2014 or any subsequent relevant year if the self‑employed person has not attained 35 years of age on 1st January in that relevant year;
(za)	$360 in respect of the relevant year beginning 1st January 2014 or any subsequent relevant year if the self‑employed person has attained 35 years of age but has not attained 45 years of age on 1st January in that relevant year;
(zb)	$405 in respect of the relevant year beginning 1st January 2014 or any subsequent relevant year if the self‑employed person has attained 45 years of age but has not attained 50 years of age on 1st January in that relevant year; and
(zc)	$427 in respect of the relevant year beginning 1st January 2014 or any subsequent relevant year if the self‑employed person has attained 50 years of age on 1st January in that relevant year.”.

Amendment of the First Schedule

6. The First Schedule to the principal Regulations is amended —

(a)

by deleting the words “and for every subsequent relevant year” in items 15 and 16; and

(b)

by inserting, immediately after item 16, the following item:

“17.

For the relevant year beginning 1st January 2014 and for every subsequent relevant year, the contributions payable by a self‑employed person are as follows:

Total amount of the self‑employed person’s income

Self-employed person who has not attained 35 years of age on 1st January of the relevant year

Self-employed person who has attained 35 years of age but has not attained 45 years of age on 1st January of the relevant year

Self-employed person who has attained 45 years of age but has not attained 50 years of age on 1st January of the relevant year

Self-employed person who has attained 50 years of age on 1st January of the relevant year

(1)

(2)

(3)

(4)

(5)

Not exceeding $6,000

Nil

Exceeding $6,000 but not exceeding $12,000

An amount equal to 3.5% of the income (less any allowance or honorarium he received for that year as a Member of Parliament) for that year.

An amount equal to 4% of the income (less any allowance or honorarium he received for that year as a Member of Parliament) for that year.

An amount equal to 4.5% of the income (less any allowance or honorarium he received for that year as a Member of Parliament) for that year.

An amount equal to 4.75% of the income (less any allowance or honorarium he received for that year as a Member of Parliament) for that year.

Exceeding $12,000 but not exceeding $18,000

An amount equal to the sum of $420 and 0.14 of the difference between the income (less any allowance or honorarium he received for that year as a Member of Parliament) of the year and $12,000.

An amount equal to the sum of $480 and 0.16 of the difference between the income (less any allowance or honorarium he received for that year as a Member of Parliament) of the year and $12,000.

An amount equal to the sum of $540 and 0.18 of the difference between the income (less any allowance or honorarium he received for that year as a Member of Parliament) of the year and $12,000.

An amount equal to the sum of $570 and 0.19 of the difference between the income (less any allowance or honorarium he received for that year as a Member of Parliament) of the year and $12,000.

Exceeding $18,000

An amount equal to 7% of the income (less any allowance or honorarium he received for that year as a Member of Parliament) for that year, subject to a maximum of $4,200.

An amount equal to 8% of the income (less any allowance or honorarium he received for that year as a Member of Parliament) for that year, subject to a maximum of $4,800.

An amount equal to 9% of the income (less any allowance or honorarium he received for that year as a Member of Parliament) for that year, subject to a maximum of $5,400.

An amount equal to 9.5% of the income (less any allowance or honorarium he received for that year as a Member of Parliament) for that year, subject to a maximum of $5,700.

”.

[G.N. Nos. S 321/2007; S 506/2007; S 745/2007; S 146/2008; S 513/2008; S 3/2010; S 153/2010; S 484/2010; S 817/2010; S 507/2011; S 727/2011; S 45/2012; S 275/2012; S 439/2012]

Made this 30th day of December 2013.

CHAN HENG KEE

Permanent Secretary,
Ministry of Manpower,
Singapore.

[MMS 9/73-12V0T2; AG/LLRD/SL/36/2010/24 Vol. 1]

(To be presented to Parliament under section 78(2) of the Central Provident Fund Act).

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