How to Ensure Accurate CPF Submission Employer Guide
Picture this: It’s the 13th of the month, and you’re racing against time to submit your employees’ CPF contributions. Sound familiar? You’re not alone. As someone who has worked with numerous Singapore businesses, I’ve seen firsthand how CPF submissions can become a source of stress for many employers. But it doesn’t have to be this […]
CPF Allocations: A Path to Financial Security
Ever wonder why one of the most successful social security systems in the world belongs to Singapore? It’s in a well-structured CPF allocation that helps citizens build a nest egg. Let’s jump into such a spirited system that has been securing financial futures since 1955. Understanding CPF Allocations: The Basics Think of your CPF allocations […]
How to Calculate Salary from CPF Contribution: A Singaporean’s Guide
To my fellow Singaporeans, Have you ever seen your CPF contribution and thought, “What is this really doing to my salary?” One is not alone on this count. Today, let us simplify the calculations of salary from the CPF contributions. Get a kopi, and let’s get into it! The Components of CPF Contributions: An Overview […]
Who is Eligible for the Central Provident Fund in Singapore?
Hey, fellow Singaporeans and residents! Today, we are going to discuss what might well be one of the most significant or crucial topics in anyone’s life who stays and works in our busy city-state: the Central Provident Fund, or CPF. Be it a local for the whole lifetime or a new arrival on our shores, […]
Complete Central Provident Fund Guide for Foreign Workers in Singapore
The Central Provident Fund (CPF) is a mandatory savings scheme in Singapore that sets aside a portion of an individual’s salary for retirement, housing, and healthcare needs. This compulsory savings plan ensures a secure financial future for Singapore citizens and Permanent Residents (PRs). While the CPF is primarily designed for locals, it’s crucial for foreign […]
CPF Rate Singapore | How Much CPF Contributions To Pay
Singapore’s Central Provident Fund (CPF) is a mandatory savings scheme that sets aside a portion of your salary for retirement, housing, and healthcare. Understanding your CPF contribution rate is crucial for financial planning. Let’s delve into the specifics of CPF rates in Singapore. What is CPF Rate Singapore? The CPF rate in Singapore refers to […]
Payroll Software for Singapore: Streamline CPF & Empower Startups
Establishing a startup in Singapore is exciting, though managing employees’ payments proves to be tiring. Challenges such as Central Provident Fund (CPF) regulations put younger companies in a very tight corner, given their limited resources. Here is payroll software to the rescue. In this blog, I explain how using payroll software for Singapore businesses simplifies […]
CPF Singapore: Understanding Contribution Changes Effective from 1 January 2025
The Central Provident Fund (CPF) is a social security scheme in Singapore that plays a crucial role in supporting citizens and Permanent Residents (PRs) throughout their lives. Every year, the Singapore government reviews and adjusts CPF contribution rates to ensure the scheme’s sustainability and meet the evolving needs of the population. This blog delves into […]