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Why is it important for my employer to declare accurate wages for me to CPF Board?

CPF contributions are computed based on your wages. It is therefore important that your employer declares accurate wage information to CPF Board so that the correct amount of CPF contribution can be verified.

It is an offence under the CPF Act to knowingly provide false information to CPF Board. If convicted, a first offender may be fined up to $5,000 or jailed for up to 6 months, or both.