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Chinese Development Assistance Council (CDAC) Fund

All employees belonging to the Chinese Community (Singapore Citizens and Singapore Permanent Residents) need to contribute monthly to the CDAC Fund according to the wage levels below:

Contribution Rates

(up to 31 Dec 2014)

 

Contribution Rates

(From 1 Jan 2015)

Total amount of an employee’s wages for the calendar month

Contributions payable by an employee for the calendar month

Total amount of an employee’s wages for the calendar month

Contributions payable by an employee for the calendar month

Less than $2,000

$0.50

< $2,000

$0.50

$2,000 and above

$1.00

> $2,000 to $3,500

$1.00

 

> $3,500 to $5,000

$1.50

> $5,000 to $7,500

$2.00

> $7,500

$3.00


 

 

 

 

 

 


The prescribed amount will be deducted automatically from the wages of Chinese employees. If the employees wish to contribute a different amount or opt out, they have to obtain the relevant forms from CDAC and submit them to their employers for endorsement before returning them to CDAC.

 Last Updated on: Wednesday, November 19, 2014 at 5:24 PM
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