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Learn how to deduct and pay SHG contributions for your employees who belong to the Chinese, Eurasian, Muslim, or Indian communities. Find out the contribution rates, payment methods, and contact details for each SHG fund.
Find out how to contribute to CDAC and other self-help groups for the Chinese community in Singapore. See the list of races, religions and SHGs eligible for CDAC funding.
- What Is CDAC’s Contribution?
- How Much to Contribute to CDAC?
- How to Check CDAC Contribution?
The Chinese Development Assistance Council (CDAC) is a self-help group that provides assistance to the Chinese community in Singapore. The CDAC contribution is a mandatory payment that is deducted from the employee’s CPF contribution. The CDAC contribution is used to support the various programs and initiatives run by the CDAC.
Here is a table for easy reference. The amount is capped at each wage tier. Note this information is effective 1 January 2015:
Employees can check their CDAC contribution by logging in to their CPF account on the CPF website. The CDAC contribution will be reflected in the monthly CPF contributions. Instead of manually calculating your CPF contributions every month, you can use SBO’s Free CPF Calculatorto calculate both your CPF contribution & statutory donations!
CDAC FUND CONTRIBUTIONS . The Chinese Development Assistance Council (CDAC) is one of four self-help groups (SHGs) in Singapore. The CDAC’s mandate is to serve underprivileged individuals and families in the Chinese community.
Apr 26, 2024 · 5 minute read. When employers make CPF contributions for their employees, they are required to make 3 types of payment. They are 1) the employer and employee CPF contributions, 2) the Skills Development Levy (SDL), and 3) the employee contributions to Self-Help Groups (SHGs).
Skills Development Levy Calculator. As required by law under the Skills Development Levy (SDL) Act, employers are required to pay a monthly SDL for all employees rendering services in Singapore, including foreign employees and employees employed on casual, part-time, or temporary basis.
Jan 15, 2024 · Instead of manually calculating your CPF contributions every month, consider using Talenox’s Free Talenox’s FREE CPF Calculator, which can help you and your employees’ calculate all your CPF contribution and statutory donations effortlessly.
