Younger platform workers who will need to pay more CPF contributions, and others who opt in to do so, will have these contributions fully paid for in the first year. This is among enhancements to the Platform Workers CPF Transition Support (PCTS) scheme announced on Aug 22...
Younger platform workers who will need to pay more CPF contributions, and others who opt in to do so, will have these contributions fully paid for in the first year.
Under the enhancements to PCTS, the first tranche of support by the Government – now set for 2025 – will cover 100 per cent of the increase in CPF contributions borne by platform workers aged 30 and below as at 2024, and older platform workers who opt in. This is up from 75 per cent.Work Injury Compensation Act may be applied to 'employee-like' gig workers: Koh Poh KoonThe third tranche, for 2027, will remain at 50 per cent, and the fourth and final tranche in 2028, at 25 per cent.
The PCTS is meant to cushion the decline in take-home pay that platform workers who need to pay more Central Provident Fund contributions would otherwise face.
FREELANCERS Ministry Of Manpower CPF WORKING LIFE
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