From 1 Nov 2024, platform workers born before 1 Jan 1995 can start to opt in at the CPF website, if you wish to contribute to all three CPF accounts (Ordinary, Special/Retirement, MediSave) and receive the platform operator’s share of CPF contributions.
Platform workers born in 1995 or later do not need to opt in – your CPF contributions, comprising both your share and your platform operator’s share, will be allocated to all three CPF accounts (Ordinary, Special/Retirement, MediSave) from Jan 2025.
Who is a Platform Worker?
You are considered a platform worker if you have an agreement with Ryde to provide ride-hail or delivery services and derive payment or benefits in Singapore. You will receive an earnings slip with your status.
When Will Ryde Submit Your CPF Contributions?
Ryde will submit contributions monthly, due by the last day of the calendar month. If not paid by the 14th of the following month (or the next working day if the 14th falls on a weekend or public holiday), late fees (1.5% interest) apply.
CPF Contribution Rates
Your CPF contribution rate depend on your earnings and age, with gradual increases over five years for both workers(up to 2.5%) and platform operators(3.5% per year). The schedule for workers aged 55 to 70 will depend on the increases for Senior Workers.
- Born on or after 1 Jan 1995 or opted in: CPF Contribution File
- Born before 1 Jan 1995 and not opted in: CPF Contribution File
Allocation of CPF Contributions
- Born on or after 1 Jan 1995 or opted in: Contributions will be allocated to your Ordinary Account, Special Account, and MediSave Account. View Allocation Rates
- Born before 1 Jan 1995 and not opted in: Contributions will be allocated to your MediSave Account only.
CPF Contributions Calculation
Your CPF contributions are calculated based on net earnings (gross earnings minus Fixed Expense Deduction Amount, FEDA). The FEDA varies by mode of transport:
- Cars, Vans, Lorries, Trucks: 60%
- Motorcycles, Power-assisted Bicycles: 35%
- Bicycles, Walkers: 20%
Example Calculation:
- Gross earnings: $3,000
- FEDA: 60% for cars
- Net earnings: $3,000 × (1 - 60%) = $1,200
- Use the Platform Worker CPF Contribution Calculator for exact contributions.
Platform Fee Components
CPF contributions apply to earnings and incentives related to platform services. Payments meant to reimburse expenses, such as fuel costs, are not subject to CPF.
Incentives Accrued Across Months
CPF contributions apply when incentives are paid, not when accrued. For example, contributions for incentives paid in June, for May work, will be calculated with June’s earnings.
No Monthly Earnings Ceiling
There is no monthly earnings ceiling; however, the annual ceiling of $102,000 applies. Contributions are based on net earnings per platform. If earnings exceed the ceiling, you can apply for a refund.
Verifying CPF Contributions
Use the Platform Worker CPF Contribution Calculator to check if your CPF contributions are correct. View details under "Employment and Platform Contributions" on the CPF website after logging in with Singpass.
CPF Contribution Alert
You will receive a CPF Contribution Alert via email or CPF Mobile app notification. Verify your contributions and address any discrepancies with us promptly. Adjustments or refunds must be submitted within one year of the payment date.
Platform workers opt-in form:
Check your opt-in status:
cpf.gov.sg/member/tools-and-services/platform-worker-opt-in-status-checker
Learn more about CPF contributions for platform workers here: cpf.gov.sg/member/growing-your-savings/cpf-contributions/saving-as-a-platform-worker