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.