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SPR salary

Relocating, travelling or planning to make Singapore home? Discuss the criterias, passes or visa that is required.
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ecureilx
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Re: SPR salary

Postby ecureilx » Thu, 06 Nov 2014 4:05 pm

the lynx wrote:That's because only a fraction of companies do that to their EP holders. Most cut both contributions, some give ER only, some give both (meaning take-home pay is not affected)!

I only have anecdotal evidence on my end about the above.


I haven't seen any company that added the Employees contribution as extra, when the employee got PR

but have seen few and worked in a few, for foreigners, say offered pay is x $, after negotiation, employee gets a pleasant surprise to see pay slip is negotiated pay + 16%

Mandatory CPF Contributions for EP holders was stopped in 1995 and voluntary contributions by EP holders were stopped a couple of years later but I cannot remember the actual year that this happened nor can I find it on the CPF site.


Voluntary contribution for EP Holders was stopped in year 2000 I believe.

Until then, even if employer doesn't contribute, Employee can park money in CPF, subject to the 20% max limit

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Mi Amigo
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Re: SPR salary

Postby Mi Amigo » Fri, 07 Nov 2014 4:01 am

ecureilx wrote:I haven't seen any company that added the Employees contribution as extra, when the employee got PR

Well I don't want to get back into that futile discussion I had with WD40, but I would just say that, like SMS, my employer paid their CPF contribution after I obtained PR. However, I didn't just assume that they they would do that (as the OP seems to have done, somewhat foolishly). Before applying for PR, I explained to my boss and the HR team (all overseas) why I wanted to apply and what the repercussions were. Having had all the details set out for them (including the graduated contribution tables) they confirmed that they were happy for me to go ahead.

So, sometimes the employer will pay their contributions in this case, sometimes not; it varies but this is something that needs to be discussed at the start of the process, not at the end.
Be careful what you wish for

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ecureilx
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Re: SPR salary

Postby ecureilx » Fri, 07 Nov 2014 8:53 am

Mi Amigo wrote:So, sometimes the employer will pay their contributions in this case, sometimes not; it varies but this is something that needs to be discussed at the start of the process, not at the end.


Or be prepared for either alternate

Like in the case of the guys who were getting the Employer Contibution as bonus, it was still a bit of shock for some guys, when 36% of their take home vanished !!!!

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maneo
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Re: SPR salary

Postby maneo » Fri, 07 Nov 2014 4:06 pm

sundaymorningstaple wrote:Mandatory CPF Contributions for EP holders was stopped in 1995 and voluntary contributions by EP holders were stopped a couple of years later but I cannot remember the actual year that this happened nor can I find it on the CPF site.

Came in 1996 and elected to have CPF.
This continued through 2000, when I became a PR and it became mandatory.

Using CPF for mortgage payments on purchased prоperty definitely helps monthly cash flow.


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