Singapore Expats Forum

Any gotcha in full CPF contribution from employer?

Relocating, travelling or planning to make Singapore home? Discuss the criterias, passes or visa that is required.
User avatar
Mi Amigo
Manager
Manager
Posts: 1791
Joined: Sat, 19 Jun 2004
Location: Kinto Pino

Postby Mi Amigo » Sat, 26 Jul 2014 1:37 am

ecureilx wrote:and i believe I said before also taking all from employee's pocket is wrong ....

lets leave it there then.,.

Well it's hard to leave it there, since (IMO) it's not 'wrong' either way - it just depends on what is in the employment contract and/or agreed later on.

I don't think it's reasonable for an EP holder to just assume that an employer will be happy to pay their CPF contribution if they obtain PR, even if the original employment contract is silent on that point. Hence I think a discussion around this needs to be had before putting in a PR application, and an agreement (hopefully) reached. If not, and the employer really doesn't want to pay their CPF portion (and the employee is not willing to pay it either), there's always the chance that the employment will come to an end.

Remember that Singapore basically has 'at will' employment laws, meaning that a company can easily terminate an employee if they want to (assuming that they don't fall into the lower salary range, where some protection exists).

OK, I'll say no more on the subject now. :-#
Be careful what you wish for

ahiwhr018
Newbie
Newbie
Posts: 6
Joined: Tue, 22 Jul 2014

Postby ahiwhr018 » Sat, 26 Jul 2014 9:05 am

ecureilx wrote:and the employer contribution isn't from your pocket right? (PNGMK claims it should be from YOUR pocket ;) ;) )


Thanks to the headsup from you folks, I made sure to ask that. HR said yes, the employer CPF is extra that the company will pay for me.

My wife got her PR along with me. She works for a tiny company (<10 folks) and was clearly told that they will only offer graduated CPF contribution for her. Cause the cost to employer is minimized and 3 years (the graduated period) is a long time for this startup :)

User avatar
ecureilx
Immortal
Immortal
Posts: 9812
Joined: Fri, 20 Aug 2010

Postby ecureilx » Sat, 26 Jul 2014 11:39 am

ahiwhr018 wrote:
ecureilx wrote:and the employer contribution isn't from your pocket right? (PNGMK claims it should be from YOUR pocket ;) ;) )


Thanks to the headsup from you folks, I made sure to ask that. HR said yes, the employer CPF is extra that the company will pay for me.

My wife got her PR along with me. She works for a tiny company (<10 folks) and was clearly told that they will only offer graduated CPF contribution for her. Cause the cost to employer is minimized and 3 years (the graduated period) is a long time for this startup :)


so you seen both scenarios.

Mi Amigo ..one of these days I am going to look up the legality of deducting Employer Contribution also from employee ...

therat
Reporter
Reporter
Posts: 526
Joined: Thu, 04 Sep 2008

Postby therat » Sat, 26 Jul 2014 1:16 pm

http://mycpf.cpf.gov.sg/Employers/Emplo ... n_SPRs.htm

How to determine CPF contributions


CPF contributions for Singapore Permanent Residents (SPRs)

The CPF contribution rates applicable for an employee who is a Singapore Permanent Resident (SPR) is dependent on his:

• Year of Singapore Permanent Resident (SPR) status; and

• Wages; and
• Age group

===============
http://mycpf.cpf.gov.sg/Employers/Gen-I ... es-SPR.htm

CPF Contributions for Singapore Permanent Residents (SPRs) from
1 January 2014

==============
The contribution table for new PR

1st yr of PR
http://mycpf.cpf.gov.sg/NR/rdonlyres/90 ... EN_1GG.pdf

2nd yr of PR
http://mycpf.cpf.gov.sg/NR/rdonlyres/E4 ... EN_2GG.pdf

User avatar
sundaymorningstaple
Moderator
Moderator
Posts: 35168
Joined: Thu, 11 Nov 2004
Location: Still Fishing!
Contact:

Postby sundaymorningstaple » Sat, 26 Jul 2014 4:48 pm

therat wrote:http://mycpf.cpf.gov.sg/Employers/Employers_Guide_to_CPF/Existing_Employer/ExistingEmployer_CPF_con_SPRs.htm

How to determine CPF contributions


CPF contributions for Singapore Permanent Residents (SPRs)

The CPF contribution rates applicable for an employee who is a Singapore Permanent Resident (SPR) is dependent on his:

• Year of Singapore Permanent Resident (SPR) status; and

• Wages; and
• Age group

===============
http://mycpf.cpf.gov.sg/Employers/Gen-I ... es-SPR.htm

CPF Contributions for Singapore Permanent Residents (SPRs) from
1 January 2014

==============
The contribution table for new PR

1st yr of PR
http://mycpf.cpf.gov.sg/NR/rdonlyres/90 ... EN_1GG.pdf

2nd yr of PR
http://mycpf.cpf.gov.sg/NR/rdonlyres/E4 ... EN_2GG.pdf



You forgot the most important one. The one I linked to on the 1st page of this thread......

sutra695092.html#695092

which, with both the employee & employer approving, can go directly to full rates if they desire from the get go.


  • Similar Topics
    Replies
    Views
    Last post

Return to “PR, Citizenship, Passes & Visas for Foreigners”

Who is online

Users browsing this forum: No registered users and 2 guests