
No I'm not a Singaporean. I am a PR and have been for quite some time. I also have a son will be doing is NS in about a year. As far as my tone is concerned, I'll put it to you this way........dutch69 wrote:sundaymorning, as a moderator here, i'm surprised with your tone in reply to some of these posts (posting about organ donation), are you by any chance a singaporean? I also think its ridiculous abt all these so-called opt-out schemes and frankly if people make you opt-in they should clearly let you know how to opt out. In parliament the only thing they could bring up was that they will shortly do a campaign to educate people about organ donation - obviously to prevent an avalanche of people who will be signing their hard-to-find opt out forms.
Hi Strong Eagle,Strong Eagle wrote:If the company is deducting their portion of CPF they are performing an illegal act.somethouht wrote:When I got my PR, my company deducted my pay to account for the Company's contribution to CPF.
I am not sure how other companies treat EP to PR conversion.
Have a nice day.
CPF is capped at 33 percent of $4500 monthly salary. 13 percent is paid by the employer, 20 percent by the employee. Thus, if you were making $8,000, I would withhold 20 percent of your pay up to $4500 ($900), and write you a check for $7,100. I would have to pay 13 percent of $4500 ($585). The payment I make to CPF is $1,485.
I think you are being stiffed.
They don't lose anything if you renegotiate your contract for a lesser amount or you let them take the whole 33% from your salary (which is illegal).stanleycheng wrote:This is really a tough call, I want to go for the PR but do not want the CPF to burden me especially when it comes to the 3rd year where the combine contribution is 33%. So my take home pay is less 1/3, this is a lot.
Anyone with the same experience, what the company will do when I do plan to go ahead with the PR? If I withdraw at this time, my boss will think I want to get their contribution only.............both is lose lose situation
Actually what the company will lose if they contribute to PR? The CPF is tax deductible, is this correct?
CPF is a salary expense. So, if the company has sales of $200, and as an EP, pay you $100, they have a profit of $100 and owe a corporate tax of $20.stanleycheng wrote:Actually what the company will lose if they contribute to PR? The CPF is tax deductible, is this correct?
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