Ok, 16% if below 50. I now above 50, so mine is 14%.
When I first started work, more than 25 yrs ago, employer
CPF contribution rate was 25%! Employees' contribution was another 25%. So our
CPF savings grew very fast.
Oh well, looks like we will never get back to those days.
Quote:
Originally Posted by Unregistered
While it is a std practice by DOS and MOM to include the 16% employer contribution, the No from IRAS would exclude that. In any case, I doubt the posters here include the 16%....
|