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What are the types of Voluntary Contributions (VC) I can make for my employees?
cpf
Source: https://www.cpf.gov.sg/memberYou can make Voluntary Contributions (VC) to:
- Your employee(s)' Special /Retirement Account only under the Retirement Sum Topping Up Scheme (RSTU) (tax relief available to both employer and employee).
- Your employee(s)' three CPF accounts (no tax relief given for both employer and employee).#
- Your employee(s)' MediSave Account via the Additional MediSave Contribution Scheme (AMCS) (tax free for employees and tax benefits available to employers).#
Please note that your employees must be Singapore Citizens or Singapore Permanent Residents only.
# The VC made will be treated as the current month's contribution. Backdating of VC to an earlier date is not allowed.
You can find out more on the types of VC you can make for your employees.
This information provided here is sourced from the CPF website.
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