CPFB | What are the applicable limits if I wish to make Voluntary Contributions (VC) for my employees?

What are the applicable limits if I wish to make Voluntary Contributions (VC) for my employees?

You can make three types of Voluntary Contributions (VC) for your employees:

Type of VC	VC Limit
i) Cash top-ups to your employee(s)’ Special or Retirement Account	For members below 55: up till the current Full Retirement Sum (FRS) For members 55 and above: up till the current Enhanced Retirement Sum (ERS) Learn more about how you can earn tax deductions for cash top-ups made on your employee(s)’ behalf.
ii) VC to your employee(s)’ three CPF Accounts	Up to the CPF Annual Limit ($37,740 per employee per year) less the mandatory contributions received by the employee for the calendar year. Backdating of VC to an earlier date is not allowed. Do consider the mandatory CPF contributions you will be making for your employee, before making VC. If the total mandatory CPF contributions and VC received by the employee exceeds the CPF Annual Limit in the calendar year, VC in excess of the CPF Annual Limit will be refunded without interest.
iii) VC to your employee(s)’ MediSave Account only under the Additional MediSave Contribution Scheme (AMCS).	Up to $2,730 per employee per year. Any VC in excess of this limit will be refunded without interest to the employer in the following year. Backdating of VC to an earlier date is not allowed. AMCS contributions are not subject to the CPF Annual Limit and the employee(s)’ Basic Healthcare Sum (BHS).

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