The Platform Workers Act Lalamove

CPF Contributions for Driver-Partners

From 1 January 2025, platform operators, Lalamove will be required by the Platform Workers Act to assess and

deduct CPF contributions monthly and transfer to your CPF account directly.

If you are mandated or opt in to increased CPF contributions,

a deduction for Ordinary, Special and MediSave contributions will be required.

If you did not opt in to increased CPF contributions, only MediSave contributions will be deducted.

More details below.

CPF contributions

if you are born on or after 1995

		CPF contributions are compulsory.
		You will have to contribute 10.5% in 2025 to 20% in 2029 to CPF.
		Lalamove will contribute 3.5% in 2025 to 17% in 2029 to you.
		Contribution rates will increase moderately over 5 years.

CPF contributions

if you are born before 1995

If you decided to opt-in for CPF contribution, click here

If you want to review your opt-in status, click here

		CPF contributions are optional unless you choose to opt-in.
		Once you opt in, the decision cannot be reversed and your contribution rates will be that of those born on or after 1995.
		Medisave contribution requirements and rates still apply for non opt-in Driver Partners.

Changes to the payment process

Come January 2025 a portion of your earnings will be withheld for CPF contributions, regardless of your opt-in status.

The withholding will be done at an order level, taking into account your age and opt-in status.

By the 14th of the following month, Lalamove will finalise contributions and return any excess to your driver's wallet.

There will be changes made to the daily order earnings breakdown and we will introduce monthly

earnings slips to be in line with the Platform Workers Act.

contribution

Withholding Payments

A small portion of your earnings will be withheld for CPF contributions

Earnings Slip

To include a transparent breakdown of details in your earnings slip for CPF contributions

*to access past earnings slips, please email info.sg@lalamove.com

FAQ

Am I impacted by the Platform Workers Act?

To find out more about the Platform Workers Act and how it impacts you:

https://www.mom.gov.sg/employment-practices/platform-workers-act/platform-worker

With the effect of the Platform Workers Act, what are the changes to my insurance coverage as a driver partner with Lalamove?

You can find out more about the comprehensive insurance coverage for Lalamove Driver Partners in detail at https://www.lalamove.com/en-sg/more-benefit/chubb-insurance

I was born before 1995, do I still need to contribute to my Medisave Account even if I did not opt-in for CPF contribution?

Yes, Medisave contribution is required for all platform workers. Lalamove will deduct and submit your Medisave contribution based on the rates calculated by the CPF board.

How do I proceed to opt-in for CPF contribution?

Starting from November 2024, you can choose to opt-in for CPF contribution on the CPF Board's website.

Is there a monthly earnings ceiling and limit for CPF contributions as a platform worker?

Platform workers are not subjected to a monthly earnings ceiling, only annually. Based on a per-platform basis, the annual earnings ceiling is $102,000 for platform workers.

The annual CPF contribution limit is $37,740.

Will my earnings be significantly adjusted after CPF contribution?

Your take-home earnings will be adjusted as your required CPF contribution amount will be deducted from it. However, your overall total earnings will increase as Lalamove will also be providing CPF contributions to you.

How is Lalamove funding its share of the CPF contributions?

The government has stated that the cost of drivers' protection will have to be shared between the platforms and consumers. Lalamove will not be taking any amount from drivers' incentives or fees.

When will the remaining "CPF withholding amount" be refunded?

Lalamove will return the excess “withholding amount” to driver-partners by the 14th of the following month.

For further inquiries, who do I contact?

Please email us at info.sg@lalamove.com.

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