2 AskBiz guides on singapore payroll, covering Bonus Planning, Employee Benefits and related operating decisions for SME founders.
Pay SGD 10K bonus in December (CNY): triggers CPF contribution SGD 1,600 + payroll cost. Pay as allowance vs. bonus: different tax treatment. Pay to contractor vs. employee: no CPF. True cost varies SGD 10K-11.6K depending on structure. AskBiz optimizes.
6 min readSalary SGD 5,000: CPF contribution SGD 1,000 (20% employee) + SGD 800 (16% employer) = SGD 1,800 total. Employee nets SGD 4,000. Employer pays SGD 5,800. Missing CPF = Ministry of Manpower fine SGD 5K+. AskBiz auto-calculates both portions.
6 min read