{"id":8555,"date":"2019-03-04T11:27:41","date_gmt":"2019-03-04T03:27:41","guid":{"rendered":"https:\/\/zegal.com\/?p=8555"},"modified":"2023-01-18T13:38:16","modified_gmt":"2023-01-18T05:38:16","slug":"cpf-contribution-obligations-employer-singapore","status":"publish","type":"post","link":"https:\/\/zegal.com\/en-hk\/blog\/post\/cpf-contribution-obligations-employer-singapore\/","title":{"rendered":"What are my CPF contribution obligations as an employer in Singapore?"},"content":{"rendered":"

Singapore\u2019s Central Provident Fund (CPF) scheme has undergone many changes since its introduction, as an employer with obligations to contribute to your employee\u2019s CPF account, it is crucial that you stay on top of changes to the CPF scheme. <\/span><\/p>\n

Here, we tell you what you need to know about your employer contribution obligations when it comes to the CPF, for both Singaporeans and Permanent Residents. <\/span><\/p>\n

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<\/span>What is the Central Provident Fund (CPF)? <\/b><\/span><\/h2>\n

The Central Provident Fund (CPF) is a <\/span>mandatory social security savings scheme<\/span><\/a> funded by contributions from both employers and employees. The CPF primarily goes towards meeting the retirement, housing and healthcare needs of Singaporeans. <\/span><\/p>\n

Working Singaporeans and their employers are required to make monthly contributions to the CPF, which go into 3 accounts: <\/span><\/p>\n

    \n
  1. Ordinary Account<\/strong>: Primarily for retirement and housing needs; <\/span><\/li>\n
  2. Special Account<\/strong>: Primarily for retirement needs; <\/span><\/li>\n
  3. Medisave Account<\/strong>: Primarily for healthcare needs. <\/span><\/li>\n<\/ol>\n

    <\/span>When am I required to pay employer CPF contributions for my employees? <\/b><\/span><\/h2>\n

    If your employee earns more than SGD 50 per month, you are required to pay CPF contributions as an employer<\/strong>. If your employee earns more than SGD 500 per month, you are entitled to recover the employee\u2019s share from the employee\u2019s wages. <\/span><\/p>\n

    Several requirements must be met before an employer is liable to pay CPF contributions for his employee. The employee must be: <\/span><\/p>\n