Singapore legislation
Regulation 8AJ
of Central Provident Fund (Revised Workfare Income Supplement Scheme) Regulations 2016
Regulation 8AJ
Additional contributions payable for relevant year
Subregulation 1
The amount of the additional contribution mentioned in regulation 8AE(1)(b)(v) is —
where the member’s notified income for the relevant year is not more than $6,000 —
if the member is below 35 years of age on 1 January of that year — $240;
if the member has attained 35 years of age but is below 45 years of age on 1 January of that year — $270;
if the member has attained 45 years of age but is below 50 years of age on 1 January of that year — $300; or
if the member is 50 years of age or older on 1 January of that year — $315; or
where the member’s notified income for the relevant year is more than $6,000 —
if A exceeds B — the amount determined in accordance with the formula A – B; or
if A does not exceed B — nil.
Subregulation 2
In paragraph (1)(b) —
A is the amount specified in the Second Schedule that corresponds to the member’s age and the member’s notified income for the relevant year; and
B is the amount of the self‑employed contribution and estimated contribution (if any) required to be paid by or for the member for that relevant year.