Who Needs to Contribute to CPF
2020-08-15
CPF Components
2020-08-15
Income Subject to CPF
If an employee earns more than $50 per month, his/her employer must make monthly contributions to the employee’s provident fund. If an employee earns more than $500 per month, his/her employer is entitled to recover the employee’s share from the employee’s salary.
CPF contributions are payable for Singapore citizens (SC) and Singapore permanent residents (SPR) who are:
Working in Singapore under a service contract; and
Employed under a permanent, part-time or temporary basis.
However, the CPF contribution is not compulsory if the employee is a Singapore citizen or permanent resident working overseas.
The following incomes are subject to CPF
- Basic salary
- Overtime pay
- Cash incentives
- Allowance
- Bonuses
- Commission
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Singapore FOZL Group Pte. Ltd.
Accounting and Corporate Regulatory Authority of Singapore licensed corporate advisory firm.
Singapore Company Registration, Annual Return, Accounting & Tax
Trademark Registration, Corporate Advisory, Serviced Offices.
6 Raffles Quay，#14-02， #14-06， Singapore 048580
Accounting and Corporate Regulatory Authority of Singapore licensed corporate advisory firm.
Singapore Company Registration, Annual Return, Accounting & Tax
Trademark Registration, Corporate Advisory, Serviced Offices.
6 Raffles Quay，#14-02， #14-06， Singapore 048580