News and Updates

Increase in Employers' CPF Contribution Rates

There will be an increase in Employer CPF contribution by 0.5%. This does not apply to employers and first and second year Singapore Permanent Residents (SPR) contributing CPF at graduated employer and employee rates.

CPF salary ceiling (OW ceiling) will be revised from $4,500 to $5,000 per month. This affects all employees, including Singapore Citizens and Singapore Permanent Residents. In addition, CPF Annual Limit (mandatory and voluntary contributions) from 2011 has been revised from $27,158 to $30,600.

The above changes will take effect from 1 September 2011.

More information regarding the changes to CPF contribution rate can be found at www.cpf.gov.sg

Managed payroll and ePayroll SaaS clients can be assured that i-Admin will take the necessary steps to update our system to reflect changes in the contribution rates. We have a team of statutory consultants to monitor changes to statutory requirements in the locations where we provide payroll services.

About i-Admin

i-Admin is Asia's premier HR Business Process Outsourcing (HR BPO) company. Founded in 1999, i-Admin is established in Singapore, Hong Kong, China, Thailand, Malaysia, Taiwan and India. We provide payroll outsourcing and HR solutions to leading organizations established in Asia.

To find out more, visit www.i-admin.com

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