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As an employer, you are responsible for taking care of your employees, and that includes paying their CPF contributions on time. 16 Apr 2021 • 3 minute read. CPF Board. Manage your employees’ CPF contribution matters and learn more about your obligations as an employer.
Jan 1, 2024 · 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.
Obligations of an employer. As an employer, you’re required to pay CPF contributions for your employees who are Singapore Citizens or Singapore Permanent Residents and who are earning total wages of more than $50 per month.
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.
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.
Mar 14, 2024 · The Central Provident Fund (CPF) is a mandatory social security savings scheme funded by contributions from employers and employees. Find out about CPF, who is entitled to CPF contributions and what employers need to do.
Nov 7, 2022 · Please use our CPF Contribution Calculator to compute the CPF contributions payable to your employees.
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.
Apr 15, 2024 · How Do CPF Contributions Work? Each month, we contribute a percentage of our salary to our CPF accounts. We do not have to do anything as employers are responsible for directly deducting this amount from our salary each month. Our employers must also contribute a separate percentage of our salary to our CPF accounts each month.
Jan 1, 2024 · As an employer, you are entitled to recover the employee’s share of the mandatory CPF contributions if your employees are earning more than $500 per month. All you have to do is deduct the amount from the employee’s wages after making the CPF contributions for that particular month.
