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CPF contribution rate for Singapore permanent residence (SPR)
There are several CPF rates for Singapore permanent residence (SPR). In Swingvy Payroll, there's a way to maintain the relevant rate for SPR employees.
Update the employee as a PR status
Admin can set the PR status of the employee by following the below steps
Step 1 - Click the employee name at the Payroll > People tab
Step 2 - Select the residence type as Singapore PR
Step 3 - Set the PR effective date
Step 4 - Click save
You can also update the PR status in bulk by downloading the employee information bulk upload file.
Payroll > Setting > Company details > Employee information bulk upload
Note:
1. Swingvy will automatically detect the length of employees’ Singapore PR status based on the PR effective date during the payroll calculation
2. You can always check the rate types of the employee in Payroll > People > Select employee > Bank & Statutory > Employee rate type
CPF rate for Singapore PR
There are 3 rates of CPF for Singapore PR:
- Graduate employer & employee (G/G)
- Full employer & graduate employee (F/G)
- Full employer & full employee (F/F)
To learn more about CPF contribution rates for Singapore PR, you may refer to this link here.
Note:
- The total CPF contribution will be rounded to the nearest dollar
- CPF file generated should only include Singapore citizen or PR holder