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Apr 28, 2024 · Severance pay is the compensation and/or benefits an employer provides to an employee after employment is over. Learn why employers offer severance, what it includes, and how it affects unemployment benefits and taxes.
- Will Kenton
- 1 min
Learn how to tax retrenchment payments and retirement benefits in Singapore. Find out the tax exemptions, deductions and conditions for different types of lump sum payments to employees.
A severance pay refers to the compensation an employer pays an employee who was terminated for certain authorized causes. It is sometimes referred to as “redundancy pay,” or “separation pay.” In Singapore it is commonly known as “retrenchment benefits.” This compensation softens the blow for the employees.
Apr 17, 2024 · Learn what severance pay is, how it is calculated, and what other entitlements you have as a retrenched employee in Singapore. Compare the severance packages offered by different companies and the legal guidelines for responsible retrenchment.
Sep 30, 2022 · Learn about the conditions for termination, notice periods, and severance pay in Singapore. Find out how to comply with local laws and avoid fines or disputes when hiring or firing employees.
Learn how to develop and implement a severance policy for your small or medium enterprise in Singapore. Find out the legal requirements, factors to consider, and tips for communication and implementation.
Oct 16, 2023 · Learn what severance pay is, why employers offer it, how it's calculated and whether it's taxable. Find out how to negotiate a severance package and what to do if you receive one.
