The Central Provident Fund Act has undergone a few rounds of changes in the recent years, and the rationale of these changes has to be understood in the context of the Singapores demographic shift and the restructuring of the Singapores employment landscape. Therefore, it is imperative that the management and HR personnel are familiar with how these changes are translated into the CPF contribution rates. The two basic underlying fundamentals of the CPF contributions are age group and wage band. Henceforth, this workshop also focuses on the hands-on computation to help learners develop in-depth understanding of the CPF Act and its applications.
What's In It For Me
- Learn the various CPF contribution rates for workers.
- Be able to calculate the Skills Development Levy confidently.
- Understand the Foreign Workers Levy.
At the end of the workshop, learners will be able to:
- Comprehend the various Contribution Rates for Different Age Groups and Wage Bands
- Calculate the Skills Development Levy (SDL)
- Compare and Contrast the similarities and differences of the contributions to Self-Help Groups (SHG)
- Identify the structure of the Foreign Workers Levy (FWL)
- Distinguish between Ordinary Wages (OW) and Additional Wages (AW)
- HR officers
- Administrative Officer as well as Office Administrator directly computing or indirectly verifying the computation of CPF contributions
- Purpose and Objectives of the Central Provident Fund (CPF) Act
- Who should contribute to CPF
- What types of wages are subject to CPF
- What are the four Main Types of Collection under CPF
- Contribution Rates for Singaporeans and Singapore Permanent Residences
- Contribution Rates to Self-Help Groups
- Contribution to Foreign Workers Levy
- Contribution Rates under Skills Development Levy
- Ordinary Wages and Additional Wages
Available Course Sessions
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NTUC Learninghub Pte Ltd (Executive Arm of NTUC LearningHub)
NTUC LearningHub® employs industry experienced and vendor certified instructors. These instructors are required to achieve sufficient qualifications before leading a class. In addition, we work with partners to deliver the latest course materials and computer facilities so that students can learn critical skills and prepare for the examinations.