Are foreign employees required to contribute to the CPF fund?
Foreigners on Singapore work passes such as Employment Pass, S Pass, etc. are exempt from CPF contributions in Singapore.
Are directors responsible for other administrative issues such as CPF contribution for the staff?
Yes the directors are held responsible for the company’s CPF contribution.
Are the directors responsible for the company’s tax filings?
The directors’ are required to file the company’s annual tax filing, GST filing (if necessary) on timely basis.
What is the role of a director?
A director is an officer of the company. All directors must carry out their duties and responsibilities in accordance with the law and the objectives of the business.
Who is not allowed to be a director?
The following persons are prohibited from acting as directors: A person who has been convicted for fraud or dishonesty punishable on conviction with imprisonment for 3 months An undischarged bankrupt A person who is disqualified by the High Court of Singapore
Who is a director? Who appoints Directors?
A Director is an individual, who must be at least 18 years of age, who is elected by the shareholders to manage the affairs of the Company.
Can I make Voluntary CPF Contributions?
Yes, you can make voluntary contributions to build up your retirement savings. These contributions can also be used for your housing and health care needs.
How do I check my CPF Statement of Account?
You can check your CPF Statement any time by logging in to the CPF website with your SingPass. With My Statement, you can get an overview of your CPF account balances as well as view your transaction and contribution histories.
Can I nominate a beneficiary of my CPF savings upon my death?
Your CPF nomination allows you to specify who to receive your CPF savings, and how much each nominee should receive, when you are no longer around. You do not need to make a CPF nomination if you wish to distribute your CPF savings under the intestacy laws. Distribution under the intestacy laws ensures that your [...]
Can I use CPF for Education Scheme?
Yes. The Education Scheme is a loan scheme that allows you to use your CPF savings for full-time tertiary education in Singapore for those who are Singapore citizens or Permanent Residents.
