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  1. www.cpf.gov.sg › employer › faqCPFB | Are CPF contributions payable on redundancy payment?

    Apr 25, 2022 · CPF contributions are payable on redundancy payment given to your employee who is still under your employment but not required to report to work temporarily. CPF contributions are not payable on termination benefits given for retrenchment or loss of employment.

  2. www.cpf.gov.sg › Which_allowances_and_payments_attract_CPF_contributionsWhich allowances and payments attract CPF contributions?

    The employer has to pay CPF contributions based on the wages given by the employer, together with the make-up pay (i.e. loss in civilian income inclusive of variable wage components like overtime pay and commission) from the

  3. www.cpf.gov.sg › employer › employer-obligationsCPFB | What payments attract CPF contributions

    As an employer, you’ll need to pay employee CPF contributions on wages. Learn the definition of Total Wages, Ordinary Wages, and Additional Wages. Scheduled Maintenance: CPF digital services will not be available on 23 Jun 2024, from 12am to 5am.

  4. dollarsandsense.sg › business › how-is-severance-pay-calculated-in-singaporeHow Is Severance Pay Calculated In Singapore

    Apr 17, 2024 · CPF Contributions. Both the employer and the employee must make CPF contributions during the notice period. However, it is not required for compensation in lieu of notice (notice pay), including retrenchment benefits. Maternity Leave Benefits.

  5. www.iras.gov.sg › employers › understanding-the-tax-treatmentIRAS | Lump Sum Payments

    Severance payments that are made to compensate for the loss of employment are not taxable to the retrenched employee because they are capital receipts.

  6. payboy.sg › severance-pay-guide-in-singaporeSeverance pay guide in Singapore | Payboy

    Apr 23, 2024 · In this comprehensive guide, we will look at the key aspects that define severance pay in Singapore, from calculation methods to tax and CPF implications. Let us dive in and learn everything you need to know about this critical aspect of job termination to ensure a smooth and amicable transition.

  7. www.mom.gov.sg › employment-practices › retrenchmentResponsible retrenchment - Ministry of Manpower

    Jun 3, 2024 · Pay all salaries, including unused annual leave, notice pay, etc., to your employees on their last day of work. Help your affected employees look for alternative jobs in associate companies, other companies or through outplacement assistance programmes, e.g. job fairs, career fairs, career advice.

  8. www.ey.com › understanding-the-taxation-of-severance-payments-in-challenging-Understanding the taxation of severance payments in challenging...

    Headcount reduction is often taken as a last resort and an employer may offer to pay a severance payment to compensate employees for the abrupt loss of employment. How will such severance payments be taxed and are there tax mitigating opportunities?

  9. www.cpf.gov.sg › employer › employer-obligationsCPFB | How much CPF contributions to pay

    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.

  10. ins-globalconsulting.com › news-post › severance-pay-singaporeEverything You Need to Know About Severance Pay in Singapore

    Sep 30, 2022 · Severance Pay in Singapore: An Essential Employer's Guide. SHARE. Reading Time 4 min. Author. INS Global. Date. Sep 30, 2022. Tags. APAC, Severance Pay. Key Takeaways. Singapore does not operate under at-will employment. Severance pay is not required but is common practice for most businesses. Severance pay is not taxable. Summary.