Why is our CPF contribution banked into our bank account 1 month after our salary is paid?

My CPF Ordinary & Special account balances are credited to my bank account on or before my birthday. My CPF statement shows withdrawal on 20 Aug 2021 (2 days before my birthday of 22 Aug which was on a Sunday). However, my bank account does not reflect the total withdrawn yet. Does it take about 3 working days for this to be credited?

From business point of view; cash flow is always a important component. They will try to make payments at the end of grace period wherever possible just so they can earn interests + buffer themselves in case anything crops up. Hence if you do a quick calculation as below;

Sunday, 27th Jan = payday

• 14 days grace period = Sunday, 10th Feb 2019.

Last day for CPF e-submission and payment is therefore the next working day, Monday.. 11th Feb 2019.

On Monday 11th Feb, company submitted all required details to CPF. Direct debit however, does not take place immediately. The deduction date is actually from 3rd working day of e-submission. This means actual deduction will happen on Thurs, 15th Feb 2019.

Now, if you log into your CPF today, you will see that your CPF transactions page have a statement right at the bottom stating "This statement does not include contribution(s) received by the board after 10th June 2019 (today is 13th June, as reminder); so CPF reflects the contribution in your a/c, 3 working days after direct debit is done.

So in your case, direct debit was done on Thurs, 15th Feb.. your employer's

contribution appeared on 18th Feb is already on time on target. https://www.cpf.gov.sg/Employers/EmployerGuides...