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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. Manage your employees’ CPF contribution matters and learn more about your obligations as an employer.
Jan 1, 2024 · 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.
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.
Jul 9, 2024 · CPF EZPay login portal for employers to submit and pay monthly CPF contributions online.
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.
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.
