Singapore - Payslip

In Singapore, you can find the following items on your payslip:

• Personal information such as employee name, employee ID code, and NRIC
• List of earnings (income) and deductions
• Net pay in numbers

Sample Payslip

Earnings

1. Basic Pay Employee’s monthly salary (pro-rated according to the number of days worked in the month)
2. Total Allowances Total variable allowances paid for the month. Employees are able to see the breakdown of the variable allowances below this pay component
3. Total Claims Total reimbursements paid to the employees for the month. Employees are able to see the total expenses amount below this pay component

Deductions

1. Total Deductions
   Total deductions for the month (if any). Employees are able to see the breakdown of the variable deduction below this component
2. Employee CPF
   Only applicable to Singapore citizens and Singapore PRs. The statutory rate will depend on the employee’s CPF rate
3. Fund (CDAC/SINDA/MBMF/ECF) This applies only to Singapore citizens, Singapore permanent residents, and some other nationalities. Please see below for more detailed context:

   a. Chinese Development Assistance Council (CDAC) Fund

   For Chinese employees who are Singaporean nationality or permanent residents. The CDAC Fund is used to fund CDAC's programs and assistance schemes to help students, workers, and families from the lower income groups overcome their challenges and achieve social mobility.
   b. Eurasian Community Fund (ECF)
   For Eurasian employees who are Singaporeans or permanent residents. An “Eurasian” person is defined as such in his/her identity card or a person of both European and Asian ancestry. Employers are required to deduct the prescribed amount from employees' wages (unless they opt out) and pay to the CPF Board appointed as the collecting agent for the Eurasian Association
   c. Mosque Building and Mendaki Fund (MBMF)

   For Muslim employees who are Singaporeans or permanent residents or foreign (non-Singaporean) employees on Employment Pass (EP) or Work Permits. Contribution of MBMF is a helping hand to build mosques, grow religious programs and uplift Muslim families.
   d. Singapore Indian Development Association (SINDA) Fund

   For Indian employees who are Singaporeans, permanent residents or foreign (non-Singaporean) employees on Employment Pass (EP). Indian employees include Bangladeshis, Bengalis, Parsees, Sikhs, Sinhalese, Telegus, Pakistanis, Sri Lankans, Goanese, Malayalees, Punjabis, Tamils, Gujaratis, Sindhis, and all people originating from the Indian subcontinent. It is a community fund for the benefit of Indians.

Employer Cost:

1. Employer CPF
   Only applicable to Singapore citizens and Singapore permanent residents. The statutory rate will depend on the employee’s CPF rate.
2. SDL
   A compulsory levy that the Customer has to pay to the CPF Board for all employees