Singapore Statutes Online - 830 - Central Provident Fund Act (Amendment of First Schedule) Notification 2005

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On 19/06/2013, you requested for the version in force on 19/06/2013 incorporating all amendments published on or before 19/06/2013. The closest version currently available is that of 21/12/2005.

No. S 830

Central Provident Fund Act

Chapter 36

Central Provident Fund Act (Amendment of First Schedule) Notification 2005

In exercise of the powers conferred by section 7(8) of the Central Provident Fund Act, the Minister for Manpower hereby makes the following Notification:

Citation and commencement

1. This Notification may be cited as the Central Provident Fund Act (Amendment of First Schedule) Notification 2005 and shall come into operation on 1st January 2006.

Amendment of First Schedule

2. The First Schedule to the Central Provident Fund Act is amended —

(a)

by deleting paragraph 1 and substituting the following paragraph:

“1. Subject to paragraphs 2 to 7, with effect from 1st January 2006, the contributions payable by the employer and the amount recoverable from the employee’s wages are as follows:

	50 Years of Age and below		Above 50 but not more than 55 Years of Age		Above 55 but not more than 60 Years of Age		Above 60 but not more than 65 Years of Age		Above 65 Years of Age
Total amount of the employee’s wages for the calender month.	Contributions payable by the employer for the calender month.	Amount recoverable from the employee’s wages for the calender month.	Contributions payable by the employer for the calender month.	Amount recoverable from the employee’s wages for the calender month.	Contributions payable by the employer for the calender month.	Amount recoverable from the employee’s wages for the calender month.	Contributions payable by the employer for the calender month.	Amount recoverable from the employee’s wages for the calender month.	Contributions payable by the employer for the calender month.	Amount recoverable from the employee’s wages for the calender month.
(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)
Exceeding $50 but not exceeding $500	An amount equal to 13% of the total amount of the employee’s wages for the month.	NIL	An amount equal to 9% of the total amount of the employee’s wages for the month.	NIL	An amount equal to 6% of the total amount of the employee’s wages for the month.	NIL	An amount equal to 3.5% of the total amount of the employee’s wages for the month.	NIL	An amount equal to 3.5% of the total amount of the employee’s wages for the month.	NIL
Exceeding $500 but not exceeding $750	An amount equal to the sum of —	An amount equal to the sum of —	An amount equal to the sum of —	An amount equal to the sum of —	An amount equal to the sum of —	An amount equal to the sum of —	An amount equal to the sum of —	An amount equal to the sum of —	An amount equal to the sum of —	An amount equal to the sum of —
	(a) 13% of the total amount of the employee’s wages for the month; and	(a) 0.6 of the difference between the total amount of the employee’s wages for the month and $500.	(a) 9% of the total amount of the employee’s wages for the month; and	(a) 0.54 of the difference between the total amount of the employee’s wages for the month and $500.	(a) 6% of the total amount of the employee’s wages for the month; and	(a) 0.37 of the difference between the total amount of the employee’s wages for the month and $500.	(a) 3.5% of the total amount of the employee’s wages for the month; and	(a) 0.22 of the difference between the total amount of the employee’s wages for the month and $500.	(a) 3.5% of the total amount of the employee’s wages for the month; and	(a) 0.15 of the difference between the total amount of the employee’s wages for the month and $500.
	(b) 0.6 of the difference between the total amount of the employee’s wages for the month and $500.		(b) 0.54 of the difference between the total amount of the employee’s wages for the month and $500.		(b) 0.37 of the difference between the total amount of the employee’s wages for the month and $500.		(b) 0.22 of the difference between the total amount of the employee’s wages for the month and $500.		(b) 0.15 of the difference between the total amount of the employee’s wages for the month and $500.
Exceeding $750	An amount equal to the sum of —	An amount equal to the sum of —	An amount equal to the sum of —	An amount equal to the sum of —	An amount equal to the sum of —	An amount equal to the sum of —	An amount equal to the sum of —	An amount equal to the sum of —	An amount equal to the sum of —	An amount equal to the sum of —
	(a) 33% of the employee’s ordinary wages for the month subject to a maximum of $1,485; and	(a) 20% of the employee’s ordinary wages for the month subject to a maximum of $900; and	(a) 27% of the employee’s ordinary wages for the month subject to a maximum of $1,215; and	(a) 18% of the employee’s ordinary wages for the month subject to a maximum of $810; and	(a) 18.5% of the employee’s ordinary wages for the month subject to a maximum of $832.50; and	(a) 12.5% of the employee’s ordinary wages for the month subject to a maximum of $562.50; and	(a) 11% of the employee’s ordinary wages for the month subject to a maximum of $495; and	(a) 7.5% of the employee’s ordinary wages for the month subject to a maximum of $337.50; and	(a) 8.5% of the employee’s ordinary wages for the month subject to a maximum of $382.50; and	(a) 5% of the employee’s ordinary wages for the month subject to a maximum of $225; and
	(b) 33% of the amount of the additional wages payable to the employee in the month.	(b) 20% of the amount of the additional wages payable to the employee in the month.	(b) 27% of the amount of the additional wages payable to the employee in the month.	(b) 18% of the amount of the additional wages payable to the employee in the month.	(b) 5% of the amount of the additional wages payable to the employee in the month.	(b) 5% of the amount of the additional wages payable to the employee in the month.	(b) 11% of the amount of the additional wages payable to the employee in the month.	(b) 5% of the amount of the additional wages payable to the employee in the month.	(b) 5% of the amount of the additional wages payable to the employee in the month.	(b) 5% of the amount of the additional wages payable to the employee in the month.”;

(b)

by deleting “$85,000” in paragraphs 2 and 3 and substituting in each case “$76,500”;

(c)

by deleting “$5,000” in paragraph 4A and substituting “$4,500”; and

(d)

by inserting, immediately after item (9) in paragraph 6, the following item: ”;

[MMS9/73 V41; AG/LEG/SL/36/2005/14 Vol. 1]