How To Calculate CDAC Contribution?
Find out how to calculate your CDAC contribution to your CPF account.
Central Provident Fund (CPF) is a compulsory savings scheme designed to help Singaporeans save for retirement and healthcare needs. This social security system mandates contributions from both employees and employers.
On top of CPF contribution, a key component that employers need to contribute to are the self-help groups, which include CDAC (Chinese Development Assistance Council), ECF (Eurasian Community Fund), MBMF (Mosque Building and Mendaki Fund), or SINDA (Singapore Indian Development Association).
What is CDAC’s Contribution?
The Chinese Development Assistance Council (CDAC) is a self-help group that provides assistance to the Chinese community in Singapore. The CDAC contribution is a mandatory payment that is deducted from the employee’s CPF contribution. The CDAC contribution is used to support the various programs and initiatives run by the CDAC.
How Much To Contribute To CDAC?
Here is a table for easy reference. The amount is capped at each wage tier.
Note this information is effective 1 January 2015:
Gross Wages/Month | Minimum Employee Monthly Contribution to CDAC |
≤ $2,000 | $0.50 |
> $2,000 to $3,500 | $1.00 |
> $3,500 to $5,000 | $1.50 |
> $5,000 to $7,500 | $2.00 |
> $7,500 | $3.00 |
How to Check CDAC Contribution?
Employees can check their CDAC contribution by logging in to their CPF account on the CPF website. The CDAC contribution will be reflected in the monthly CPF contributions.
Instead of manually calculating your CPF contributions every month, you can use SBO’s Free CPF Calculator to calculate both your CPF contribution & statutory donations!
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