Additional Wage Ceiling Calculator

The amount of aw that attract cpf contributions is capped at the additional wage ceiling awc which is calculated using the formula below. Cpf aw tool. Salary proration online calculator.

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Use the free tool to calculate the proration of the salary for incomplete month.

Additional wage ceiling calculator. 102 000 6 000 x 12 30 000. A unique solution that solve your payroll needs. Hence the employer needs to re calculate the aw ceiling and pay another cpf shortfall on aw of 24 500.

As for his her annual bonus the additional wage ceiling is 102 000 6 000 x 12 30 000. The aw ceiling from 2012 to 2015 is. Have you heard of autofiling.

Please note that the online calculator helps to calculate the additional wage aw ceiling for private sector employees only. Additional wage ceiling awc 102 000 total ow subject to cpf for the year any aw above your awc for the year will not attract cpf contributions. 85 000 total ordinary wages subject to cpf for the year.

Employee left employment during the year my employee who is below 55 years old earned a monthly salary of 4 000. You can access the following resources to help you with the computation. Estimated additional wage aw ceiling at the start of the year.

If the total additional wages for the affected year does not exceed the aw ceiling please use the cpf contribution calculator. Use this online free calculator to calculate the additional wage aw ceiling of your employees. This means that your employee s entire annual bonus is also subject to cpf contributions as it is below the cpf contribution cap.

The additional wage aw ceiling sets the maximum amount of aw on which cpf contributions are payable per year. An employee s aw ceiling is computed on a per employer per year basis. Cpf additional wage calculator.