Customise your CPF calculation settings with this new feature!

We are happy to announce the launch of a new feature that gives you more control over how CPF is calculated on Additional Wages (AW). Since you have more insight into the earnings of your employees, you can now customise your CPF settings by choosing the method that most accurately calculates CPF for your employees.

When calculating CPF contributions, the additional wage (AW) ceiling is calculated as:

102 000 – Total Ordinary Wage subject to CPF for the year.

Since the total ordinary wages (OW) subject to CPF used in the formula cannot be accurately determined until the end of the year, an estimate needs to be made. We’re now giving you the option to choose how this estimate is calculated.

If it’s the employee’s first year of employment with your company, you can select to estimate total OW using:

  • Year-to-date OW on prior payslips (subject to CPF) + a projected OW for the remainder of the year based on the current month’s OW, or
  • Year-to-date OW on prior payslips (subject to CPF) + a projected OW for the remainder of the year based on the current month’s basic salary, or
  • Year-to-date basic salary on prior payslips (subject to CPF) only (i.e. no projection for the remainder of the year).

If it’s not the employee’s first year of employment with your company, you can select to estimate the total OW using:

  • The previous year’s total OW, or
  • Year-to-date OW on prior payslips (subject to CPF) + a projected OW for the remainder of the year based on the current month’s OW, or
  • Year-to-date OW on prior payslips (subject to CPF) + a projected OW for the remainder of the year based on the current month’s basic salary.

At the end of the year when all actual figures are known, the total CPF liability for the year can be accurately calculated. Please be aware that the CPF for December could therefore include an adjustment for any over or under payments made in prior months. For that reason, we stress the importance of selecting the method that will most accurately determine CPF. This will prevent unusually large CPF payments due at the end of the year. Alternatively, this could also occur if an employee is terminated.

To learn how to customise your CPF settings, view our help page here.

Team SimplePay

Increased Security Features with 2-Factor Authentication

At SimplePay, protecting your data is a fundamental part of our business. That’s why we have the highest of security standards in place to ensure the privacy and protection of your information.

We want your time using SimplePay online to be enjoyable and worry free. One of the ways that users put themselves at risk of cybercrime is with their choice of passwords or by saving their passwords to the device they are using. When it comes to internet security, you can never be too careful. We are therefore launching an optional security feature, called 2-factor authentication. This feature requires users to enter a verification code as an additional step when logging into SimplePay or when changing their password.

With this feature, users can establish a device as a trusted device, so that they only have to do 2-factor authentication every 30 days. All other devices will require 2-factor authentication with each log in.

As this is an opt-in feature, you will need to request it from our support team, at no additional charge. To learn more about how it works, read our help page here.

Just another way that we are helping you to stay safe online.

Team SimplePay

New Feature: More Leave Functionality

Been wanting more control over employee leave balances? We have heard your requests and are excited to announce the launch of a new feature which allows you to customize your leave settings even more.

Want to stop employees from logging leave if it will result in a negative leave balance? No problem!

Our new feature allows you to do just this. If a self-service leave request will result in the minimum balance not being maintained, you can opt to:

  • prevent the leave request from being logged (see image below), or
  • warn the employee of the outcome if they continue (see image below).

For more information on leave settings and setting this up, refer to our help page here.

We hope you love the new feature and, as always, we welcome any feedback that you may have.

Team SimplePay

Edit: Please note that there was an error on the previous version of this blog post where it stated that you could set a minimum leave balance for employees to maintain in preparation for the annual shutdown of your company. The feature is currently only available for setting a minimum leave balance of 0 or a negative number, not a positive minimum balance, which is likely to be developed shortly in the future. Our apologies for the error.

We’re Making It Easier to Identify Draft Documents

Getting confused between the draft payslips that you saved to your computer and the finalised payslips that you gave to your employees?

To make it easier for you to keep track of versions of your documents, we have added a stamp to the draft version of the following documents:

  • Payslips
  • Monthly CPF Returns

To remove the stamp, simply finalise the document by clicking on the Finalise button or link for the document.

For more information on these processes, refer to the following help pages:

Let us know if there are any other features you would like to see on the system – we’re always looking for ways to make payroll better for you!

Tax Certificates Now Available via Employee Self-Service

At SimplePay we strive to create value for you by meeting your payroll needs in a simple and easy manner. With that in mind, we are thrilled to announce the launch of a new feature to make the tax year-end even easier for you – employees can now view their tax certificates via the self-service function.

This means that you can release IR8As to your employees at the end of the tax year at the click of a button. Employees will be informed via email that their tax certificates are available on their employee self-service. You can also attach a PDF of their tax certificate in this email.

Please see the following help page for more information on the steps to enable and use this function.

Team SimplePay