Advertisement

Anonymous

26 Dec 2020

∙

If I am a sole proprietor of a business and hire someone to help me with managing the store for example, would I need to contribute the 17% CPF for this employee if their monthly wage exceeds $750?

Wondering how this works for businesses?

2

Discussion (2)

What are your thoughts?

Learn how to style your text

Ang Yee Gary

26 Dec 2020

Medicine at National University Of Singapore

Yes if they fulfill the below

CPF contributions are payable for part-time/casual/temporary employees who are:

Singapore Citizens/Singapore Permanent Residents,

Earning more than $50 in a month, and

Engaged under a contract of service.

https://www.cpf.gov.sg/employers/FAQ/employer-g...

Reply

Save

View 1 replies

Write your thoughts

Related Posts

Made a mistake by topping up CPF earlier of the year. What happens if CPF contribution from employee in coming months might lead to an exceeding of annual contribution cap?

If i own self-employed business in a company you start as sole-proprietor, do you need to create cpf csn and pay directly to yourself under the company? or just declare it under self employ?

What are your thoughts on full time job with no CPF contributions? I am a fresh graduate and I would want to settle down in about 3 years. Do you think putting in your own CPF contribution is needed?

Would it be better to pay HDB repayment using CPF OA through a monthly recurring voluntary contributions (VC) to your three CPF accounts (non-tax deductible)?

Hi, male turning 24 this sep. need help in evaluating my insurance coverage. Just started working and Earning $3200 before cpf, after cpf will be 2560 per month.

Related Posts

Made a mistake by topping up CPF earlier of the year. What happens if CPF contribution from employee in coming months might lead to an exceeding of annual contribution cap?

If i own self-employed business in a company you start as sole-proprietor, do you need to create cpf csn and pay directly to yourself under the company? or just declare it under self employ?

What are your thoughts on full time job with no CPF contributions? I am a fresh graduate and I would want to settle down in about 3 years. Do you think putting in your own CPF contribution is needed?

Would it be better to pay HDB repayment using CPF OA through a monthly recurring voluntary contributions (VC) to your three CPF accounts (non-tax deductible)?

Hi, male turning 24 this sep. need help in evaluating my insurance coverage. Just started working and Earning $3200 before cpf, after cpf will be 2560 per month.

Advertisement