CPF Contributions for your Employees
Allowances, i.e. monetary payments that increase your employee's wages, are also wages. Hence, they will attract CPF contributions. Some examples include meal and transport allowance, etc.
What is CPF payable on?
CPF Contributions for your Employees
CPF contributions are payable if the employee/flexible benefits are cash payments given to employees for expenditures that are not necessarily incurred by the employee on behalf of the employer i.e. employee's personal expenses, e.g. employee's grocery, home renovation, etc.
Is retrenchment pay subject to CPF?
CPF contributions are not payable for termination benefits given for retrenchment or loss of future employment.
