How is the Central Provident Fund contribution calculated?

For the purpose of CPF, wages are classified into 2 categories.

Ordinary Wages

Ordinary Wages (OW) refers to the basic salary earned in the month. The CPF contribution on OW is capped at $6,000 a month.

Additional Wages

Additional Wages (AW) refers to bonuses and other variable components earned. The CPF contribution on AW is capped based on the following computation:

AW subject to CPF = Total Wages – OW subject to CPF

Total wages are capped at $6,000 x 17 months = $102,000 a year

For example, an employee earning $8,000 a month with an annual bonus of $50,000 will contribute CPF based on the following capping:

OW: CPF will be contributed based on the cap of $6,000 on a monthly basis.

AW: AW subject to CPF =$102,000* – OW subject to CPF for the year

= $102,000 – ($6,000 x 12 months)

= $ 30,000

AW CPF will be contributed based on the cap of $30,000.

*Equivalent to 17 months x $6,000

CPF Calculators

Still not sure how much CPF money you should be receiving or how much you can use?

These CPF calculators do the job for you.

CPF Contribution Calculator for Singapore citizens and PRs in their 3rd year and onwards – Check how much your CPF contributions are supposed to be.
CPF LIFE Payout Estimator – If you’re at least 40 years old (born in 1981 or earlier), estimate how much you can receive in monthly retirement payouts.
CPF Housing Withdrawal Limits Calculator – Find out how much you can use to pay for your home.
Self-Employed Medisave Contribution Calculator – For self-employed folks to check how much they need to fork out for Medisave.
CPF Retirement Calculator — Figure out if you’re on track for the retirement lifestyle you want with this simple financial planning calculator.

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There are several international scholarships available for South Africans to study abroad. Here are a few examples:

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