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Are CPF contributions payable on cash awards?

Updated by CPF
CPF contributions are payable on any cash awards given to your employee that are given in respect of employee’s employment.

Some examples are:
 
  • Best Employee Award
  • Commendation Award
  • Good Customer Service Award
  • Good Quality Service Award
  • Innovation Award
  • Outstanding Performance Award
  • Productivity Award

If the award given is not related to the employee’s employment, CPF contributions are not payable. For example, a patent award is given to the winner of a design competition and the competition is not related to employee’s employment.

This information is sourced from CPF.

Topics:

Employer - Employer ObligationsWhat payments attract CPF contributions

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