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Manage your employees’ CPF contribution matters and learn more about your obligations as an employer. Scheduled Maintenance: CPF digital services will not be available on 23 Jun 2024, from 12am to 5am.
How much CPF contributions to pay. CPF contributions are payable to employees who are Singapore Citizens and Singapore Permanent Residents (SPRs) at current CPF contribution rates. Learn how to calculate the amount of CPF contributions you need to pay. Updates on 1 April 2024.
A tool for employers and employees to calculate their CPF contributions. Use this calculator to compute the monthly CPF contributions payable for private sector and non-pensionable government employees.
Mar 14, 2024 · As an employer, you are required to make CPF contributions at the monthly rates stated in the CPF Act. You can recover your employee's share of the contribution by deducting it from their wages. Employees who require CPF contributions.
Jan 10, 2024 · Employers contribute up to 17% of their workers’ salaries to their CPF accounts. In addition, employees also contribute up to 20% of their salaries in employer’s CPF contributions. This is how companies here play their part in building a safety net for Singapore workers in their old age.
Mar 14, 2024 · CPF contributions are payable when there is an employer-employee relationship, i.e. a contract of service. Employers are required to pay both the employer and employee’s share of CPF contributions every month. They are entitled to recover the employee’s share from the employee’s wages.
Voluntary CPF contributions made by the employer relating to employment in Singapore are taxable . The employer must prepare Form IR8S if there is excess CPF contributions made in the current year and give the form to the employee.
