CPF scheme Private is used for government rates or government graduated rates for Singapore Permanent Resident (SPR) holders. Where else the CPF scheme Private Full is used when the employer decides to contribute in full, regardless the SPR holder is in the first, second, or third year. To set this, please go to the Payroll module, modules, CPF Progression, and refer to the table below:
Private
SPR year | Contribution Rates Employee | Contribution Rates Employer |
PR first year | 5% | 4% |
PR second year | 15% | 9% |
PR third year | 20% | 17% |
Private Full
SPR year | Contribution Rates Employee | Contribution Rates Employer |
PR first year | 5% | 17% |
PR second year | 15% | 17% |
PR third year | 20% | 17% |