Myth 01: You do not have to pay CPF Contributions to Part-Timers
The type of employment is not a criteria for CPF Contributions but rather it is the remuneration payable that decides the respective rates applicable.
Myth 02: Referral Fees attract CPF Contributions
Payment for employees for referring people to join the company will not attract CPF Contributions.
Myth 03: CPF Contributions are not applicable for employees during their Reservist
It is still applicable and contributions must still be made.
Myth 04: It is mandatory to pay CPF Contributions for employees working overseas
CPF contributions will be deemed as voluntary for employees working overseas.
Myth 05: Retrenchment Benefits attract CPF Contributions
As per the law, it doesn’t attract CPF Contributions.