Presented By Jack Tjia Central Provident Fund Board - ACRA

Presented By
Jack Tjia
Central Provident Fund Board

Objective of CPF
The CPF was setup in 1955 to
provide financial security for
members during their retirement.

CPF also helps members to
meet their basic needs in
healthcare and
home-ownership.

Am I an Employer?
YES, if you
employ an employee under a
contract of service or apprenticeship,
e.g. employment contract,
apprenticeship contract; or
pay wages on behalf of the employer,
e.g. manager of a football club,
manager of a foreign representative
office in Singapore.

As an Employer, you …
Have a grace period of 14 days to
make payment of CPF contributions
after the end of the month in which
the CPF contributions are due.

As an Employer, you are…
required to pay both the employer’s and
employee’s shares of CPF contributions
monthly.
entitled to recover the employee’s share
from the employee’s wages when the wages
are paid.

How much should I contribute?
The CPF contribution rates varies according
to the individual employee’s age and
monthly wages.
More information is available on the CPF
website at employer.cpf.gov.sg
Employers’ Guide to CPF
Contribution Booklets
CPF Contribution Calculator

How much should I contribute?
CPF contributions are payable for your employees
when their wages for that calendar month exceed:
Age Wages exceeding
35 years and below $50
Above 35 to 50 years $55.18
Above 50 to 55 years $57.17
Above 55 to 60 years $60.04
Above 60 to 65 years $65.06
Above 65 years $65.06

CPF Contributions
Contribution Rates for employee aged 50
years and below earning more than
$1,500 per month:
Employers pay 34.5% of wages
to the CPF; of which 20% is
recoverable from the employee’s wages.

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Making your first CPF
Contribution as a New Employer
To sign up for CPF e-Submission to
make your first CPF payment, submit
the following forms at least 7 weeks
before the due date of your first CPF
payment :
• New Employer’s First CPF Contribution form
(Form CPF/1),
• CPF e-Submission Registration form, and
• Application for Interbank GIRO form.
Form CPF 1
CRDInternetForm1
If you are making your first payment
by cheque, it should be made payable
to “CPF Board” and attached with your
Form CPF/1.
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Who is an Employee?
Singapore Citizens who are employed under
a contract of service in Singapore, including
Permanent Residents.
Singapore Citizens who are employed in any
vessel under a contract of service entered
into in Singapore.

E.g. Company Directors, Part time/Casual Workers,
Family Workers, National Servicemen on reservist
training, etc.

Contract of Service
Remuneration in monies for work done
Master and servant relationship
Control of working hours, workflow
Right to hire and dismiss
Benefits – leave, bonus, insurance
Need to serve notice of termination
Use of facilities, tools, equipment

Contract for Service
Price their own work
Responsible for their own profit & loss
Right to substitute himself or hire other
workers
No benefits
Use own facilities, tools, equipment

Wages
Remuneration in money due or given to an
employee in respect of his employment.
Total wages = Ordinary Wages + Additional Wages

Ordinary Wages
due or granted wholly and exclusively in
respect of an employee’s employment in
that month.
payable before the due date for payment of CPF
contributions for that month. e.g. monthly
salaries, food allowance, overtime allowance etc.
CPF contributions for Ordinary wages is capped at
$4,500 per month

Additional Wages
not granted wholly and exclusively for
that month e.g. annual bonus, leave pay,
commission, incentive and other payments
made in intervals of more than a month.
CPF Contributions on Additional wages is
capped at $76,500 less the total Ordinary
Wages subject to CPF contributions in the
year.

Recovery of CPF Arrears
1. Detection system
2. Industry surveys
3. Employees’ feedback

Enforcement of CPF Payments
Possible Penalties
Interest on late contributions calculated daily
at 1.5% per month or 18% per annum,
subject to a minimum of $5.
Legal actions sanctioned under the CPF Act
e.g. composition of offences, Court fines,
imprisonment and criminal & civil proceedings.

Submission Modes
Manual Submission
Payment Advice (Form CPF 91)
Form CPF 92
New Employee Contribution
Form (Form CPF 92)

Processing Fees
Employers who submit CPF contribution details
for 11 or more employees using hardcopy
Payment Advices have to pay a processing fee
of $7 per employee per month.
This will be extended to employers with 4 to 10
employees from October 2010.

E-Submission
Electronic mode Do I need to pay ? What do I need to
e-submit ?
CPF Website
• Auto-eXcel Plus
• File transfer using
payroll system
No. It’s free
Computer with internet
access, SingPass
How do I make
the payment ?
GIRO / Internet
Banking
AXS Stations No. It’s free N.A. ATM Card/ GIRO/
Diners Club
Credit Card
mPAL – Employer
Submission
GPRS connection
charges apply
Mobile phone with
GPRS access
GIRO
Provident and Tax (PAT)
Subscription fees
are payable to
CrimsonLogic
• Computer with internet
access
• Registered PAT user
GIRO
Velocity@ocbc No. It’s free • Computer with internet
access
• Registered OCBC
Velocity user
Interfund transfer

CPF e-Submission saves you
time & money
Submit your contributions anytime, anywhere
even while overseas.
Transmit data via an encrypted channel to ensure
maximum security.
Track submission status online.
Save time and hassle of paper work.
Do away with cheques.
Receive email reminders (for employers with valid
email addresses) so that you will not incur late
payment charges.

Modes of Payment
1. Cheque
Accepted at CPF offices
Not applicable for CPF e-Submission
2. Cash
Accepted only at Singapore Post Offices
Not applicable for CPF e-Submission

Modes of Payment
3. Electronic Payment
Inter-Bank GIRO
(Payment forms, CPF e-Submission)
eNETS
For CPF e-Submission employers with an
Internet banking account with DBS, UOB
or Citibank.
Only personal accounts are supported.

Modes of Payment
ATM card/ Diners Credit Card
Available only at AXS stations.
GIRO Standing Instruction
For employers who employ 10 or less staff
and whose CPF contributions do not vary
from month to month.
No need to submit contribution details.

Agency Services
CPF Board is also the collecting agent for :
Chinese Development Assistance Council
(CDAC) Fund
Eurasian Community Fund (ECF)
Mosque Building and Mendaki Fund (MBMF)
Singapore Indian Development Association
(SINDA) Fund
Foreign Worker Levy (FWL)
SHARE Programme Donations
Skills Development Levy (SDL)

Contact Information
CPF Website
- http://www.cpf.gov.sg
Employer Website
- http://employer.cpf.gov.sg
CPF Call Centre - Tel: 1800 - 227 1188
Employer Registration – employer-accounts@cpf.gov.sg
CPF Liabilities
- employer@cpf.gov.sg
E-Submission - Tel : 62202340
- employer-esubmission@cpf.gov.sg

Thank You !