IRAS question - re CPF contributions and overseas salary

[offshoreoildude]

I receive my salary from the UK into my local bank acc with no encumbrances. (I've worked Y months). I then pay from my salary CPF in its entirely - $1800 per month consisting of $1000 employer contributions and $800 employee cont.

When I filled out my tax form a day ago I recorded my Salary at all the payments received - i.e. including EE and ER CPF - and then I recorded my CPF contributions as only the EE section (i.e. $800 x Y months).

I think this was a mistake though. What I should have recorded was;

Salary total LESS $1000 x Y months (i.e. removed the Employer CPF conts)
Claimed the EE deductions of $800 x Y months.

Any one have any expert advice? Now I've made a mistake can I change the online submission?

[offshoreoildude]

PS I've discovered that I can change the B/B1 submission within 14 days of the online submission.

[Strong Eagle]

If I understand you correctly, yes, that is the route you should take. However, I believe that the employer contribution is 16% and the employee contribution is 20 percent with a cap at $5000 of income. This means that employee CPF would max at $1000 and employer CPF would max at $800, the opposite of what you have written.

Using the above, an example can be provided. Let's say you receive a monthly gross amount of $10,000. This needs to be broken out into your salary and an amount that has been sent along to pay the employer portion of CPF. Thus, your actual salary is $9200 for the month.

Your tax form would show total income of Y months * $9200. Your CPF contributions would show Y months * $1000, with deductions being the same.

I've made changes in the past... I just called IRAS. Quite helpful.

[offshoreoildude]

If I understand you correctly, yes, that is the route you should take. However, I believe that the employer contribution is 16% and the employee contribution is 20 percent with a cap at $5000 of income. This means that employee CPF would max at $1000 and employer CPF would max at $800, the opposite of what you have written.

Using the above, an example can be provided. Let's say you receive a monthly gross amount of $10,000. This needs to be broken out into your salary and an amount that has been sent along to pay the employer portion of CPF. Thus, your actual salary is $9200 for the month.

Your tax form would show total income of Y months * $9200. Your CPF contributions would show Y months * $1000, with deductions being the same.

I've made changes in the past... I just called IRAS. Quite helpful.

Thanks for the correction between the EE and ER CPF rates. You've answered what I needed to know and I'll go back and fix my tax info now.