GoalsMapper calculates the monthly Employee/Employer CPF contribution based on the rules defined by the CPF Board.
There are 2 types of contribution based on your employment type.
1. Employed - Contribute to all 3 CPF Accounts (Ordinary, Special and Medisave)
2. Self-Employed - Contribute to CPF Medisave Account.
The employee/employer contribution is calculated with the prevailing rates based on your age. (see here https://www.cpf.gov.sg/Employers/EmployerGuhttps://www.cpf.gov.sg/Employers/EmployerGuides/employer-guides/hiring-employees/cpf-contributions-for-your-employees)
The calculate takes into consideration
1. Gross Income
2. Bonuses
including the Ordinary Wage Ceiling (OW Ceiling) and Additional Wage Ceiling (AW)