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Calculation CPF for New PR

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babymilo_007
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Joined: Wed, 28 Mar 2018

Calculation CPF for New PR

Postby babymilo_007 » Wed, 28 Mar 2018 3:42 pm

Hi everyone,
I just have my pr and first time contribute my salary to CPF this month.
But when i looked at my payslip, I was quite confuse.

Below as my payslip shown:
Basic wage : $2956.00
OT : $1020.00

Deduction :
Chinese Development Assistance : -$1
Employee CPF : -$117

SO,
Net wage : $3858.00
Gross Wage : $3976.00
Employer CPF: $94.00
CPF Wage : $2349.45 =>What is it and How does this value calculate?
Total CPF : $211.00

I was curious that was deduct 5% which is $147.8 from $2956. Anyone has any idea about that?

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singaporeflyer
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Re: Calculation CPF for New PR

Postby singaporeflyer » Wed, 28 Mar 2018 4:57 pm

babymilo_007 wrote:Hi everyone,
I just have my pr and first time contribute my salary to CPF this month.
But when i looked at my payslip, I was quite confuse.

Below as my payslip shown:
Basic wage : $2956.00
OT : $1020.00

Deduction :
Chinese Development Assistance : -$1
Employee CPF : -$117

SO,
Net wage : $3858.00
Gross Wage : $3976.00
Employer CPF: $94.00
CPF Wage : $2349.45 =>What is it and How does this value calculate?
Total CPF : $211.00

I was curious that was deduct 5% which is $147.8 from $2956. Anyone has any idea about that?


Use the below link and check

https://www.cpf.gov.sg/eSvc/Web//Miscel ... isMember=1

niceit198
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Posts: 43
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Location: Singapore

Re: Calculation CPF for New PR

Postby niceit198 » Wed, 28 Mar 2018 5:00 pm

best is check with your HR, personal contribute should at 5% rate exclude employer contribute

babymilo_007 wrote:Hi everyone,
I just have my pr and first time contribute my salary to CPF this month.
But when i looked at my payslip, I was quite confuse.

Below as my payslip shown:
Basic wage : $2956.00
OT : $1020.00

Deduction :
Chinese Development Assistance : -$1
Employee CPF : -$117

SO,
Net wage : $3858.00
Gross Wage : $3976.00
Employer CPF: $94.00
CPF Wage : $2349.45 =>What is it and How does this value calculate?
Total CPF : $211.00

I was curious that was deduct 5% which is $147.8 from $2956. Anyone has any idea about that?

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sundaymorningstaple
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Re: Calculation CPF for New PR

Postby sundaymorningstaple » Thu, 29 Mar 2018 4:01 pm

babymilo_007 wrote:Hi everyone,
I just have my pr and first time contribute my salary to CPF this month.
But when i looked at my payslip, I was quite confuse.

Below as my payslip shown:
Basic wage : $2956.00
OT : $1020.00

Deduction :
Chinese Development Assistance : -$1
Employee CPF : -$117

SO,
Net wage : $3858.00
Gross Wage : $3976.00
Employer CPF: $94.00

Assuming you are under 50 Employer CPF : $636

CPF Wage : $2349.45 =>What is it and How does this value calculate?

CPF Wage is : $3976.00

Total CPF : $211.00

Total CPF : $835 Employee CPF : $199

I was curious that was deduct 5% which is $147.8 from $2956. Anyone has any idea about that?


It sounds like either the Employer is trying to pull a fast one by not declaring your OverTime as CPF attractable (it is). You need to get this sorted out asap. This is taken from the table for SPR first year of CPF contributions which is at a reduced rate. The combined rate for 1st year PRs is 21% (of which 5% is the employee's share), 2nd year PRs is 24% (with the employee's share being 15%), Starting the 3rd year PRs pay the same rates as locals do.

Actually, if the pay voucher is a payroll software computer-generated one, a screenshot would be helpful as it's harder to play-play with proper Payroll Software. However, if it's a jury-rigged Excel file depicting a pay voucher. They could be up to anything. I would like to see a copy of the pay voucher (with your name and FIN number covered up, if possible) Then maybe I can give you something more definitive.

sms


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