New Features

We’re happy to announce the following new changes that have recently been made to the system:

  • Company-wide setting for annual leave days entitlement per year. To change the annual leave entitlement, just go to Settings -> Payroll Calculations -> Leave, and enter the value there. The default for newly created companies will be 14 days.
  • Added ability to set full CPF contributions for employees in first or second year of permanent residence.
  • Employees can now see their available annual leave balance and history on self-service.
  • Fixed error where minimum SDL contribution of $2 was calculated for $0 income payslips, instead of $0 SDL contribution.
  • Round down total SDL on monthly CPF Return.
  • Pro-rata calculation for partial months worked / unpaid leave now uses correct MOM calculation, using actual number of working days in the month rather than in an average month.

CPF Changes in SimplePay – January 2014

SimplePay is pleased to announce the following changes in your payroll program:

The central provident fund board of Singapore announced that from 1 January 2014, the CPF contribution rates for low-wage workers will be increased to help them save more for retirement. Private sector employees and government non-pensionable employees, including first and second year Singapore Permanent Residents (SPR), who are earning monthly wages of between $50 to $1,500 will benefit from the changes.

The following changes will apply to wages earned from 1 January 2014:

i) Increase in Employee’s CPF contribution rate
The phased-in employer’s CPF contribution rates for all employees aged above 35 years old and earnings wages of >$50 to $50 to $500 to $750 to <$1500 will be increased to the full rates.

There is no change for employees earning wages of ≤$500 as they are not required to make employee CPF contributions.

The above changes has already been incorporated in your SimplePay payroll.

The Central Provident Fund Board