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Temporary Employment Credit

The Temporary Employment Credit (TEC) scheme ran from 2015 to 2017, and has already stopped.

TEC has stopped

The TEC has already stopped.

The final TEC payout was paid out to all eligible employers in April 2018.

Calculate TEC payout

TEC payouts were made to eligible employers based on CPF contributions they made for their employees from January 2015 to December 2017.

Year TEC
(% of monthly wages)
TEC annual cap
(based on CPF Annual Limit) per eligible employee
2017

0.5%

Up to the Ordinary Wage ceiling of $6,000 per month

Or

Up to CPF Annual Limit of $102,000 per year
(includes Ordinary Wages and Additional Wages earned within the year, if applicable)

$510
2016

1%

Up to the Ordinary Wage ceiling of $6,000 per month

Or

Up to CPF Annual Limit of $102,000 per year
(includes Ordinary Wages and Additional Wages earned within the year, if applicable)

$1,020
2015

1%

Up to the Ordinary Wage ceiling of $5,000 per month

Or

Up to CPF Annual Limit of $85,000 per year
(includes Ordinary Wages and Additional Wages earned within the year, if applicable)

$850
TEC payouts are taxable as the payout is revenue in nature. For more information on tax treatment for TEC payouts, please refer to the IRAS website.

How to receive TEC

If you’re eligible, you would have received your TEC payouts in the bank account that you registered with the CPF Board for CPF payments.

If you’re eligible but did not register your bank account with the CPF Board, you would have received the TEC payouts by cheque. You must encash your cheques within 6 months before they expire. All unencashed payouts would be forfeited.

MOM will not issue any TEC payouts after October 2018 as the scheme has closed.