Calculating Employee Voluntary CPF

The CPF VOL EE deduction is used for Voluntary CPF contributions made by the employee. The deduction uses an Amount calculation rule, where the amount is calculated through a formula CPF FM VOL PAYEE.

The maximum amount of Voluntary CPF for a person is the difference between the CPF Annual Limit and the amount of mandatory contributions made in the calendar year.

When the sum of YTD’s of CPF ORD EE + CPF ORD ER + CPF ADD EE + CPF ADD ER + CPF VOL EE + CPF VOL ER exceeds the CPF annual limit for the year. a warning message states that the CPF has reached the maximum limit and any additional contribution beyond will be considered as over contribution.