Singapore legislation
Regulation 11
of Central Provident Fund (Contribute As You Earn Scheme) Regulations 2019
Regulation 11
Computation of estimated contribution
Subregulation 1
Subject to paragraphs (2), (3) and (4), where a collector makes a revenue payment to a self‑employed person (with or without any deduction or set‑off) in a relevant year, the estimated contribution payable by the collector under section 9B(1)(a) of the Act in respect of the revenue payment is the amount computed according to the formularounded down to the nearest dollar, where —
P is the amount of contributions to the Fund that the self‑employed person would expect to pay for the relevant year, determined as follows:
where regulation 4(2) of the Central Provident Fund (Self‑Employed Persons) Regulations 1992 applies to the contributions by the self‑employed person for the relevant year — the amount of contributions payable by the self‑employed person under that provision, without any reduction under regulation 8A of those Regulations;
in any other case — the amount set out in the Third Schedule corresponding to —
the self‑employed person’s estimated annual income for the relevant year; and
the self‑employed person’s age on 1 January of the relevant year;
A is the self‑employed person’s estimated annual revenue for the relevant year; and
R is the amount of the revenue payment payable by the collector to the self‑employed person (without making any deductions and set‑offs), rounded down to the nearest dollar.Illustration The payment due from a collector (C) to a self‑employed person (S) under a construction contract is $1,000 (inclusive of payment for materials). C pays S only $800 after exercising a right of set‑off for $200 owing by S. The value of R is $1,000.
Subregulation 2
Where A (mentioned in paragraph (1)(b)) is nil, the estimated contribution payable by the collector under section 9B(1)(a) of the Act is nil.
Subregulation 3
The estimated contribution payable by a collector under section 9B(1)(a) of the Act in respect of a revenue payment to a self‑employed person —
whose income for the proxy year in relation to the relevant year of the revenue payment is more than $6,000; and
who, for the purposes of computing the estimated contribution, has notified the Board of his or her estimated annual revenue under regulation 6(a) and estimated annual expenses under regulation 7(a) for the relevant year,is the higher of the following amounts:
2% of the value of R mentioned in paragraph (1)(c);
the amount of the estimated contribution computed in accordance with paragraph (1) or (2), as the case may be.
Subregulation 4
The aggregate of the estimated contributions payable to the Fund for any self‑employed person for a relevant year must not exceed whichever of the following sums is applicable:
where regulation 4(2) of the Central Provident Fund (Self‑Employed Persons) Regulations 1992 applies to the self‑employed person at the relevant time —
in respect of each relevant year before the year 2023 — $4,320;
in respect of the relevant year beginning 1 January 2023 — $4,392;
in respect of the relevant year beginning 1 January 2024 — $4,896;
in respect of the relevant year beginning 1 January 2025 — $5,328; and
in respect of the relevant year beginning 1 January 2026 and every subsequent relevant year — $5,760;
in any other case — the maximum amount under column (2), (3), (4) or (5) (corresponding to the self‑employed person’s age on 1 January of the relevant year) in the item relating to “Exceeding $18,000” under item 19, 20, 21, 22 or 23 (as the case may be) of the First Schedule to the Central Provident Fund (Self‑Employed Persons) Regulations 1992.