How does CPF Annual Limit apply if I hold two jobs? What to do if exceed limit?

The CPF Annual Limit is $37,740 (both employee and employer's mandatory contribution). Because I hold two jobs, I found out that I had contributed more than the $37,740 last year. However, no refund was made out from my CPF account till date, despite exceeding the limit.

Does anyone know how and when does the CPF Annual Limit apply to me if I hold two jobs? I will exceed the annual limit this year, and I'm not sure what I should do.

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Tan Choong Hwee

16 Aug 2021

Solutions Specialist at Providend

CPF Annual Limit is applied to mandatory contribution per employment basis, i.e. since you hold 2 jobs, each employer will compute and make your mandatory contribution independently, and hence possible for total mandatory contribution to exceed $37740.

However, if your total OW exceed the prevailing OW ceiling, you may apply to limit your portion of contributions. Refer to the CPF FAQ on this matters:

https://www.cpf.gov.sg/members/FAQ/schemes/Othe...

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