Step 1: Generate automated forms
CPF contributions are payable at the prevailing CPF contribution rates for your employees who are Singapore Citizens and Singapore Permanent Residents (SPR). Many employees rely on CPF savings for their retirement, healthcare and housing needs. It is important that employers pay CPF contributions promptly and correctly. CPF Board takes a serious view on employers who do not fulfil their CPF obligations.
Settle your individual and/or property tax bills, or generate a Payment Slip No. to make payment via Internet Banking. You need SingPass 2-Step Verification (SingPass 2FA) to log in to mytax.iras.gov.sg. This means that you have to enter a One-Time Password (OTP) sent via SMS to your mobile phone or generated by your OneKey Token as a second level of authentication. Please register and activate your SingPass 2FA at www.singpass.gov.sg.
Step 2: Pay your employees
- Online Transactions
The bank file ready in Swingvy is following the standard of GIRO Payroll in Velocity@OCBC(https://velocity.ocbc.com). Admin may need the Password Mailer and Security token before login to Velocity@OCBC.
Should all account is ready, you can download the bank file in Swingvy. To download the bank file, please key in the Value date and Batch number.
Value date: The date of uploading the bank file onto velocity@ocbc
Batch number: The reference number of the bank file
Steps to upload OCBC bank file onto velocity@ocbc to proceed with salary payment
Login to velocity@ocbc(https://velocity.ocbc.com/login.html)
On the top menu bar click Transaction and then choose Upload file
Then select the file format GIROFASTWITHINV (please contact OCBC should the selection is unavailable. They will enable from their ends)
Choose the file to be upload and then click Upload
The file will be verified and proceed to Submit after the upload is successful
Step 3: Pay to Statutory Bodies
Employers are strongly encouraged to use CPF e-Submit@web to submit CPF contributions and make payment via Direct Debit.
You will need the following details to perform CPF e-Submission:
- A computer with internet access
- An email address
- Approved mode of payment (Direct Debit/eNETS)
- A registered user with CPF Board for CPF e-Submission
You need SingPass 2-Step Verification (SingPass 2FA) to log in to mytax.iras.gov.sg. This means that you have to enter a One-Time Password (OTP) sent via SMS to your mobile phone or generated by your OneKey Token as a second level of authentication. Please register and activate your SingPass 2FA at www.singpass.gov.sg.