Private Sector

Graduated Employer & Employee Contribution Rates (From 1 January 2006) for Singapore Permanent Residents (SPRS) During 1st Year of Obtaining SPR Status

AGE OF EMPLOYEE    50 years and below Above 50-55 years Above 55-60 years Above 60-65 years Above 65 years Total amount of the employee's wages for the calendar month (1) Contributions payable by the employer for the calendar month (2) Amount recoverable from the employee's wages for the calendar month (3)   (4)   (5)   (6)   (7)   (8)   (9)   (10)   (11) Not exceeding $50 Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Exceeding $50 but not exceeding $500 4% of the employee's total wages for the month Nil 4% Nil 4% Nil 3.5% Nil 3.5% Nil Exceeding $500 but not exceeding $750 a) 4% of the employee's total wages for the month; and a) Nil 4% Nil 4% Nil 3.5% Nil 3.5% Nil b) 0.15 of the difference between the employee's total wages for the month and $500 b) 0.15 of the difference between the employee's total wages for the month and $500 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15 Exceeding $750 a) 9% of the employee’s Ordinary Wages for the month up to $405; and a) 5% of the employee’s Ordinary Wages for the month up to $225; and 9% max $405 5% max $225 9% max $405 5% max $225 8.5% max $383 5% max $225 8.5% max $383 5% max $225 b) 9% of the Additional Wages payable to the employee in the month b) 5% of the Additional Wages payable up the employee in the month 9% 5% 9% 5% 8.5% 5% 8.5% 5%

Note:

1) The rates in columns (2), (4), (6), (8) and (10) represent the amounts payable by the employer in the first instance. The rates in columns (3), (5), (7), (9) and (11) represent the amounts that are recoverable from the employee’s wages. 2) For employees in the above 50 to 55, above 55 to 60, above 60 to 65 and above 65 age groups, replace the figures underlined in columns (2) and (3) with the corresponding figures in columns (4) to (11). 3) The contributions should be rounded off to the nearest dollar. An amount of 50 cents should be regarded as an additional dollar. 4. When recovering from the employee’s wages, the cents should be dropped. 5. The first year rate is payable on the date of the employee’s conversion to a Singapore Permanent Resident (SPR). For example, if the employee became a SPR on 15 October 2004, the first year rate would apply from 15 October 2004. When recovering from the employee’s wages, the cents should be dropped. Employer’s contribution should be rounded off to the nearest dollar.

Graduated Employer & Employee Contribution Rates (From 1 January 2006) for Singapore Permanent Residents (SPRS) During 2nd Year of Obtaining SPR Status

AGE OF EMPLOYEE    50 years and below Above 50-55 years Above 55-60 years Above 60-65 years Above 65 years Total amount of the employee's wages for the calendar month (1) Contributions payable by the employer for the calendar month (2) Amount recoverable from the employee's wages for the calendar month (3)   (4)   (5)   (6)   (7)   (8)   (9)   (10)   (11) Not exceeding $50 Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Exceeding $50 but not exceeding $500 9% of the employee's total wages for the month Nil 9% Nil 6% Nil 3.5% Nil 3.5% Nil Exceeding $500 but not exceeding $750 a) 9% of the employee’s total wages for the month; and a) Nil 9% Nil 6% Nil 3.5% Nil 3.5% Nil b) 0.45 of the difference between the employee’s total wages for the month and $500 b) 0.45 of the difference between the employee’s total wages for the month and $500 0.45 0.45 0.37 0.37 0.22 0.22 0.15 0.15 Exceeding $750 c) 24% of the employee’s Ordinary Wages for the month up to $1,080; and c) 15% of the employee’s Ordinary Wages for the month up to $675; and 24% max $1,080 15% max $675 18.5% max $833 12.5% max $562 11% max $495 7.5% max $337 8.5% max $383 5% max $225 d) 24% of the Additional Wages payable to the employee in the month d)15% of the Additional Wages payable up the employee in the month 24% 15% 18.5% 12.5% 11% 7.5% 8.5% 5%

Note:

1) The rates in columns (2), (4), (6), (8) and (10) represent the amounts payable by the employer in the first instance. The rates in columns (3), (5), (7), (9) and (11) represent the amounts that are recoverable from the employee’s wages. 2) For employees in the above 50 to 55, above 55 to 60, above 60 to 65 and above 65 age groups, replace the figures underlined in columns (2) and (3) with the corresponding figures in columns (4) to (11). 3) The contributions should be rounded off to the nearest dollar. An amount of 50 cents should be regarded as an additional dollar. 4) The employer’s contribution should be rounded off to the nearest dollar. When recovering from the employee’s wages, the cents should be dropped. 5) The contribution rates for SPRs during 3rd year of SPR status is the same as the rates for private sector employees.