From 1 January 2025, platform operators are required to deduct CPF contributions from platform workers'

[dambio]

Yah, when company sends the money to CPF, government knows the gig workers' earnings. No running away from paying income tax. Make them pay their share for the amenities provided for via taxpayers' money.

All along for donkey yrs they nv declare as self employed. Good for them now

 

[nonameless]

Hire ft no need cpf ...

 

[DrAwkward]

At 3:21 did that GrabFood deliverer call themselves middle class?!?

 

[8zaoyu]

Short term - their take home pay will go down and of course the workers not happy.

But long term is good - money go to CPF next time can use to pay for hospital fees or buy house.

Good to buy house (at least a 2-rm flexi 99 yr LH) with Home Protection Scheme from CPF mah.
Mostly so young and healthy, yet to think for hospitalization fees better to have Death Insurance (if accident and die young and have dependants)

 

[toolbox03]

they earning around 4-5 k a month. of course will have money for future, even buy condo.

gov of course wants some of their money into cpf vault lah

4-5k cannot buy condo, hdb can only buy at most 3 room old flat

self employed salary only 70% counted for loan so 5k is same as 3.5k salaried worker

 

[8zaoyu]

Hire ft no need cpf ...

I thought only SC and SPRs can contribute to CPFB only?

 

[Ghost_is_here]

when the market shrinks to a very bad state, it will stop being viable as a regular job option.

When only. Waiting

 

[TaoEhh]

no cpf is ok, but don’t expect govt to hand out grants to them. They should be treated as self employed entrepreneurs

 

[King.Koopa]

Those on OnlyFans and Patreons leh or those content creators/ influenza?

Need to tax this group of jlb gaogao

 

[8zaoyu]

Cpf for me is useless. Single, male. Lowest of the lowest caste.

You mean you do not pay for your 1 bedder FH pte or HDB 2 rm flexi mortgage loan with CPF?

 

[Kiwi8]

Self employed persons have to make CPF contributions of 37%.
They have been getting away with not making these contributions. Now garment taking action

I think this implementation means that now platform operators need to pay their own share of the CPF to the platform worker's CPF.

In your example, the 37% is 20% contributed by platform worker himself while the 17% is contributed by the platform operator company. Just like the case for normal employee.

 

[ahnyaahnya]

They are considered contractors

Yup. So not employees.

 

[Forever84]

I think this implementation means that now platform operators need to pay their own share of the CPF to the platform worker's CPF.

In your example, the 37% is 20% contributed by platform worker himself while the 17% is contributed by the platform operator company. Just like the case for normal employee.

Those who need help are usually the ones who think they don’t. Help them save 17% is good move by government

 

[Hyruga]

Means they are no longer gig workers. Huat ah

 

[congster2]

At 3:21 did that GrabFood deliverer call themselves middle class?!?

Yes he did. He paused because he knew he was lying but had to lie to save face.

 

[ahnyaahnya]

I think this implementation means that now platform operators need to pay their own share of the CPF to the platform worker's CPF.

In your example, the 37% is 20% contributed by platform worker himself while the 17% is contributed by the platform operator company. Just like the case for normal employee.

Nope. They are not employees . They are self employed. They work as and when they like. No boss to dictate to them. They are their own boss.
Self employed all contribute 37% . Cos they are their own boss, they contribute boss's share too.

 

[ahnyaahnya]

Means they are no longer gig workers. Huat ah

They are. That's why they need to contribute 37%, not 20%

 

[blurredprint]

Objectively speaking ish good move to shift burden from other taxpayers to enforce their saving for retirement, but bad for some who are cash strapped..

For consumers really depend if Grab want offload the cost by raising platform fee by 17%...

 

[Why so serious]

Knn I thought all the while they have cpf contribution

 

[Sodomicha]

Some really is don't save money at all..earn 1k spend $999