Quick Answer: How Can I Make My CPF Payment Late?

How can I make my CPF contribution?

Go to CPF website > Services > e-Cashier.

Key in your NRIC number, select ‘Member’ and either ‘Contribute to my three CPF accounts (Non-tax deductible)’ or ‘Contribute to my MediSave (Tax deductible*)’ and click ‘Next’ Enter the verification code displayed and click ‘Next’.

What is the deadline for CPF submission?

CPF e-Submission The due date for CPF contribution is on the last day of the calendar month. Enforcement action may be taken against employers who fail to pay by the 14th of the following month (or the next working day if the 14th falls on a Saturday, Sunday or Public Holiday).

Can I receive CPF from 2 companies?

Answer: It is not compulsory for the employee to apply to limit his share of CPF for his concurrent employment. Both your employers can continue to contribute to your CPF contributions normally. So there you have it, if you and your multiple employers do not mind paying your CPF contributions, you can go for it!

How long does it take for CPF to be credited?

Thereafter, depending on the mode of submission of contribution details, it may take three to seven working days to credit the amount to your CPF accounts. Hence, your CPF contributions would be credited into your CPF accounts by approximately the 3rd week of the following month after your salary is paid. Thank you.

Is it compulsory for employer to pay CPF?

The employer is required to pay the employer’s and employee’s share of CPF contributions at the end of the calendar month for all employees (Singapore Citizens and Singapore Permanent Residents) at the rates set out in the CPF Act.

How much is voluntary CPF contribution?

CPF Contribution for Employees In general, the maximum amount of VC a member can make is the difference between the CPF Annual Limit of $37,740 and the mandatory contributions (MC) made for the calendar year. Hence, the MC and VC made in a year cannot exceed the current CPF Annual Limit.

How do I change my CPF submission after processing?

Please login to our CPF e-Submit, select View / Amend / Delete Submission under the Manage Records & Particulars Section and delete the duplicate submission before 5.15pm on the same day. If the submitted file is already processed after 5.15pm, you will not be able to delete it.

When can you contribute to CPF?

CPF contributions are payable when there is an employer-employee relationship, i.e. a contract of service. Employers are required to pay both the employer and employee’s share of CPF contributions every month. They are entitled to recover the employee’s share from the employee’s wages.

What is the penalty for late CPF payment?

CPF Compliance and Enforcement of CPF Contributions This includes imposing late payment interest charged at 1.5% per month commencing from the first day after the due date (e.g. interest for January contributions will be calculated from 1 February). The minimum interest payable is $5.

What is the minimum salary to contribute CPF?

If you earn less than $500 per month, you do not have to contribute the employee’s share of the CPF contributions. Your employer will contribute the employer’s share of the CPF contributions.

Is it illegal to work 2 jobs in Singapore?

As a general rule, civil servants are prohibited from moonlighting. Those who wish to take up additional work are required to seek approval before doing so, with approval considered on a case-by-case basis. Foreign employees holding a Work Permit or S Pass are completely barred from moonlighting.

What is the maximum CPF contribution per month?

$6,000 per monthUnder the Ordinary Wages component, which is typically our monthly salaries, the CPF contribution ceiling is capped at $6,000 per month. This means only the first $6,000 of our monthly salaries require CPF contributions from us and our employers.