Do I need to take into account the employer and employee's CPF contribution rates when making Voluntary Contributions (VC) for my employees?
You do not need to take into account the employer and employee’s CPF contribution rates when making Voluntary Contributions (VC) for your employees.
However, you will need a different CPF Submission No. (CSN) to make voluntary contributions for your employees. You should not use your existing CSN for mandatory CPF contributions to make your VC.
Find out more on how you can make voluntary contributions for your employees.
This information is sourced from CPF
Related questions
What are the types of Voluntary Contributions (VC) I can make for my employees?
Do I have to inform my employees if I wish to make Voluntary Contributions (VC) for them?
How do I start contributing CPF as a new employer?
How was the employee's share of CPF contributions indicated on my CPF Contribution Alert being derived?
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