Source: Tenor Excuse me? Yup, you’ve read that right. Very soon,
gig or platform workers who are
below 30 years old will be required to make contributions to their
Central Provident Fund (CPF), the national savings scheme for retirement. Currently, only salaried employees are making a
contribution rate of 20% to their CPF account every month.
TL;DR: When Do You Need to Contribute And How Much to Contribute?
Click here to jump: Who’s considered a gig or platform worker? How much do platform workers and companies need to contribute?
New work injury protection for platform workers
By definition, platform workers refer to
food delivery riders and
private-hire car drivers providing
ride-hailing services. There are currently 73,200 platform workers in Singapore. This move will affect those who are below 30 years old, while those who are older...