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Comprehensive Guide to How CPF is Calculated in Singapore

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The Central Provident Fund (CPF) is an essential part of Singapore’s social security system, requiring contributions from both employers and employees. Understanding how CPF contributions are calculated helps you plan your finances, verify your payslips, and make informed decisions. This guide details the CPF calculation process, including contribution rates, allocation across accounts, and important considerations. … Read more

Comprehensive Guide to the Central Provident Fund (CPF) in Singapore

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The Central Provident Fund (CPF) is a comprehensive social security system designed to meet the retirement, healthcare, and housing needs of Singaporeans and Permanent Residents (PRs). Established in 1955, CPF is a mandatory savings plan to ensure financial security during retirement and beyond. This guide covers every aspect of CPF, from its structure to its … Read more