From 1 July 2018, a Singaporean or Permanent Resident employee employed under a contract of service, including the company’s director:
- Is considered full-time if they earn at least $1,200 per month.
- Is considered part-time if they earn $600 to below $1,200 per month.
2 part-time employees = 1 full-time employee.
|Total number of full time employees
Employees A and B are considered full time employees because they earn at least $1200.
Employees C and D are considered part-time employees because they earn $600 to below $1,200.
Employee E is not counted because the salary is below $600.
The following employees are also not counted when calculating your quota:
- Business owners of sole proprietorships or partnerships.
- Employees who receive CPF contributions from three or more employers.
If you have multiple CPF accounts in your company, you should not contribute CPF for the same employee under the different accounts to get more quota.
If you hired new employees recently
, you won’t see an immediate adjustment in your quota. It depends on when you pay the CPF contribution for each employee.