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Old 22-10-2015, 02:54 PM
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In the current policy, the maximum anyone can contribution to his CPF each year is $31,450. This amount includes the employer's portion.

The maximum amount of salary that attracts CPF deduction/contribution is $85,000. So even if your annual salary plus bonus exceeds $85,000 the CPF deduction/contribution is based on $85,000.

Consider two persons A & B same age below 50.
Say Person A earns $60K pa and his bonus is $25k giving a total of $85,000 he will contribute $31,450 to his CPF

Person B earns $200k pa inclusive bonus, he will also only contribute $31,450 to his CPF.

If you earn less than $85k pa, you are allowed to top up your CPF to $31,450 per year.




Quote:
Originally Posted by Unregistered View Post
It is possible, my annual cpf contribution is 30k. Bonus also contibute cpf.



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