CPF Contributions

Provided by EnterpriseOne

The Central Provident Fund Board (CPF Board) is in charge of collecting CPF Contributions. CPF
is a comprehensive social security savings plan that helps to ensure that every Singapore Citizen
and Permanent Resident has funds for retirement.

              Do I Have To Pay CPF For All My Employees?
              How Much CPF Do I Have To Contribute?
              Are There Any Other Contributions I Have To Pay?
              How And When Do I Make Payment?
              Where Can I Get Help?

Do I Have To Pay CPF For All My Employees?

• You need to make Central Provident Fund (CPF) contributions for any staff that you
hire, as long as he or she earns more than S$50 a month.

• This includes:

       o    students
       o    family members
       o    company directors earning a salary
       o    part-time or casual employees

• The only exceptions are:

       o    foreign employees on Employment Pass or Work Permit
       o    partners or sole-proprietors ("self-employed")
       o    employees working overseas
       o    students on industrial attachment or internship
       o    'N', 'O' or 'A' level students working during their gazetted school holidays
       o    overseas students on Training Visit Pass for less than 6 months or Work Permit
       o    non-salaried company directors

See: Employees and CPF
Exemptions to payment of CPF for Employees

How Much CPF Do I Have To Contribute?

•    CPF is calculated on the employee's total wages earned for the month, including bonuses,
      commissions and allowances. The rate of contribution differs over sectors, wage and age
      groups.

• CPF Contribution is made up of two parts:

o Employee Contribution
o Employer Contribution

• You have to pay both parts to the CPF Board every month.

o The Employer's Contribution must be paid on top of his total monthly wages.
o The Employee's Contribution can be deducted from the total monthly wages.

See: Contribution rates for Singapore Citizens and Permanent Residents
CPF contribution calculator
Computation of CPF

Are There Any Other Contributions I Have To Pay?

• CPF Board also collects contributions on behalf of self-help non-profit entities,
such as the:

      o    Mosque Building and Mendaki Fund
      o    Chinese Development Assistance Council Fund
      o    Singapore Indian Development Association Fund
      o    Eurasian Community Fund

• You need to deduct these contributions from your employees' wages. Your employees may
elect not to contribute to any of these funds.

See: Collection of levies, funds and donations

How And When Do I Make Payment?

Register With CPF As An Employer

• You are automatically registered with the CPF Board when you make your first CPF
contribution for your first employee.

• After CPF Board processed your first CPF contribution, you will receive a welcome
package and your Employer Reference Number.

See: Registering with CPF Board

Making Monthly Payments

•    You have a grace period of 14 days to pay CPF contributions after the end of the month
      for which CPF contributions are due. If the due date falls on Sunday or Public Holiday,
      CPF contributions must be paid by the next working day.

• You need to pay both the employer's and employees' CPF contributions. Only the employees'
portions of the CPF can be deducted from their salaries.

•    You can file the necessary paperwork over the Internet, using your mobile phone or by
      submitting a hard copy of the relevant forms and payment. A processing fee is charged for
      employers who submit hard copies for 11 or more employees.

See: Modes of submitting contribution details

•    You can choose the payment method that best suits your needs. CPF accepts payment by
      GIRO, standing order, cash, cheque, etc. Most companies find GIRO the most convenient
      way of paying CPF.

See: Modes of payment

Contributions For New Employees

• Every time a new employee joins your business, you must submit the new employee's details
to CPF.

• You can submit the paperwork over the Internet or by submitting a hard copy of Form 92.

See: Registration of new employees

Where Can I Get Help?

• Visit these websites and web resources for more in-depth information.

o CPF Employer's Handbook
o Your guide to electronic submission and payment of CPF

• You can also contact the CPF Board.

back to top