|
ANNEX A |
|
CPF
Changes |
1 Jan
2004 |
1 Jan
2005 |
1 Jan
2006 |
| CPF
contribution rate for workers aged above 50-55
Employer
Employee
Total
|
13%
20%
33% |
11%
19%
30% |
9%
18%
27% |
| CPF
Salary Ceiling |
$5,500 |
$5,000 |
$4,500 |
|
Additional Wage Ceiling |
$93,500 |
$85,000 |
To be
announced later |
Maximum
Medisave contributions payable for the Self-employed for
2005
Below 35
35 – below 45
45 and above |
6% x 12 x
$5,500= $3,960
7% x
12 x $5,500= $4,620
8% x
12 x $5,500= $5,280 |
6% x 12 x $5,000 = $3,600
7% x 12 x
$5,000 = $4,200
8% x 12 x
$5,000 = $4,800
|
To be
announced later |
|
Medisave Minimum Sum |
$2,500 |
$5,100 |
To be
announced later |
|
Housing Withdrawal Limit |
144% |
138% |
132% |
|
Source:
Central Provident Fund News
Release 17 Dec 2004
|
Previous FrontPage Edition 26 Dec 2004
